SEC Form 4 · accession 0001209191-18-062696
Approach Resources Inc · AREX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ian M. Shaw
Officer — Chief Accounting Officer
Period of report
Dec 13, 2018
Accepted (ET)
Dec 14, 2018 · 4:10 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 13, 2018 | S | 20,000 | $1.25 | D | 51,340 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes 7,599 fully vested shares granted under the Issuer's 2018 Long Term Incentive Plan, in lieu of partial year-end cash bonus, as reported on Form 4 filed December 3, 2018. The remainder shares were sold for tax and planning purposes. The 20,000 shares were sold in multiple transactions, all at a price of $1.25 per share. Mr. Shaw hereby undertakes to provide to the Securities and Exchange Commission staff, the issuer or any security holder of the issuer, upon request, full information regarding the number of shares and price at which the transaction was effected.