SEC Form 4 · accession 0001209191-19-005329
Approach Resources Inc · AREX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Qingming Yang
Officer — President & COO
Period of report
Jan 23, 2019
Accepted (ET)
Jan 25, 2019 · 4:19 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 | Jan 23, 2019 | D | 41,984 | $0.00 | D | 759,029 | D | |
| Common StockF2 | Jan 23, 2019 | F | 37,491 | $0.00 | D | 721,538 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a portion of shares granted on March 2, 2016 which were subject to the issuer's three-year shareholder return (TSR) performance. As of January 23, 2019, the Compensation Committee of the issuer ratified the issuer's performance against certain TSR metrics, and 41,984 shares were forfeited.
- F2Represents the tax liability on January 23, 2019, satisfied by withholding 37,491 shares incident to the vesting of securities under a Restricted Stock Award Agreement dated March 2, 2016 between the Reporting Person and the Issuer.