SEC Form 4 · accession 0001209191-17-047265
Gastar Exploration Inc. · GST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Russell Porter
Officer — Chief Executive Officer & Pres · Director
Period of report
Aug 1, 2017
Accepted (ET)
Aug 3, 2017 · 3:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001431372
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Aug 1, 2017 | A | 2,200,000 | $0.00 | A | 4,849,598 | D | |
| Common StockF3 | holding | — | — | — | 150,000 | I | Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported shares were acquired pursuant to a restricted share grant and will vest in five equal annual installments beginning on August 1, 2018.
- F2Includes 737,837 shares acquired on various dates pursuant to previously reported restricted share grants that will vest subject to previously disclosed vesting schedules.
- F3On July 10, 2014, the reporting person gifted 150,000 shares to his children in trusts for which the reporting person acts as the trustee as follows: The James Breckenridge Porter Trust of 2014 - 37,500 shares, The Grant Anderson Porter Trust of 2014 - 37,500 shares, The Addison Ann Porter Trust of 2014 - 37,500 shares and The Lily Madeline Porter Trust of 2014 - 37,500 shares. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for the purposes of Section 16 or for any other purpose.