SEC Form 4 · accession 0001209191-19-000418
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 28, 2018
Accepted (ET)
Jan 2, 2019 · 6:06 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,F2 | Dec 28, 2018 | S | 18,921 | $0.93 | D | 627,953 | D | |
| Common StockF3 | Dec 31, 2018 | F | 27,135 | $0.00 | D | 600,817 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person for year-end tax planning purposes.
- F2This transaction was executed in multiple trades at prices ranging from $0.91 to $0.99. The price reported in Table I reflects the weighted average sale price of such trades. The reporting person hereby undertakes to provide to the SEC staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares and prices at which each transaction was effected.
- F3Represents the tax liability on December 31, 2018 satisfied by withholding 27,135 shares incident to the vesting of securities under a Restricted Stock Award Agreement dated March 7, 2017 between the Reporting Person and the Issuer.