SEC Form 4 · accession 0001413507-19-000030
SRC Energy Inc. · SRCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Eberhard
Officer — EVP, Chief Operations Officer
Period of report
Feb 5, 2019
Accepted (ET)
Feb 7, 2019 · 5:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001413507
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 5, 2019 | A | 74,531 | $0.00 | A | 210,040 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF2 | $0.00 | Feb 5, 2019 | A | 74,530 | A | — | Dec 31, 2021 | Common Stock | 74,530 | 74,530 | D |
Explanation of responses
- F1Reflects a grant of restricted stock units that will vest 33% on each of January 1, 2020 and January 1, 2021 and 34% on January 1, 2022 provided that the recipient continues to provide substantial services to the Company or an affiliate continuously through the applicable vesting dates.
- F2The reporting person may vest in 0% - 200% of the Target Performance Share Units based on a combination of absolute Total Shareholder Return ("TSR") and relative TSR of the Company measured against the TSR of certain peer companies, both as measured over the period between January 1, 2019 and December 31, 2021 provided that the recipient continues to provide substantial services to the Company or an affiliate continuously from the grant date through December 31, 2021.