SEC Form 4 · accession 0001209191-17-001337
Approach Resources Inc · AREX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sergei Krylov
Officer — EVP & Chief Financial Officer
Period of report
Dec 31, 2016
Accepted (ET)
Jan 4, 2017 · 6:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001405073
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 31, 2016 | D | 17,978 | $0.00 | D | 388,154 | D | |
| Common StockF2 | Dec 31, 2016 | D | 29,823 | $0.00 | D | 358,331 | D | |
| Common StockF3 | Jan 3, 2017 | D | 23,975 | $0.00 | D | 334,356 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares granted on February 21, 2014 which were subject to the issuer's three-year shareholder return (TSR) performance. As of December 31, 2016, TSR metrics were not met and the 17,978 shares were forfeited.
- F2Represents the tax liability on December 31, 2016, satisfied by withholding 29,823 shares incident to the vesting of securities under Restricted Stock Award Agreements dated February 21, 2014 and February 23, 2015 between the Reporting Person and the Issuer.
- F3Represents the tax liability on January 3, 2017, satisfied by withholding 23,975 shares incident to the vesting of securities under a Restricted Stock Award Agreement dated January 3, 2014 between the Reporting Person and the Issuer.