SEC Form 4 · accession 0001104659-17-017197
ANTERO RESOURCES Corp · AR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alvyn A. Schopp
Officer — See Remarks
Period of report
Feb 8, 2017
Accepted (ET)
Mar 16, 2017 · 5:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001433270
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock, par value $0.01 per shareF1,F2 | Feb 8, 2017 | F | 25,343 | $24.82 | D | 1,137,204 | D | |
| Common stock, par value $0.01 per shareF3,F2 | Feb 8, 2017 | M | 22,222 | — | A | 1,159,426 | D | |
| Common stock, par value $0.01 per shareF4,F2 | Feb 8, 2017 | F | 10,352 | $24.82 | D | 1,149,074 | 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 unitsF3,F5,F6 | — | Feb 8, 2017 | M | 22,222 | D | — | — | Common stock, par value $0.01 per share | 22,222 | 202,778 | D |
Explanation of responses
- F1In connection with the vesting of restricted stock units pursuant to the Antero Resources Corporation Long-Term Incentive Plan, the Issuer withheld shares that would otherwise have been issued to the Reporting Person to satisfy its tax withholding obligations. The number of shares withheld was determined based on the closing price per share on February 8, 2017.
- F2Includes 249,948 shares of common stock subject to previously granted restricted stock unit awards that remain subject to vesting.
- F3Each performance share unit represented a contingent right to receive one share of the Issuer's common stock upon the achievement of performance metrics established by the compensation committee of the Issuer's board of directors tied to the 10-day weighted average stock price of the Issuer's common stock and satisfaction of certain time-based vesting conditions during the period beginning on the date of grant and ending on the fifth anniversary thereof.
- F4In connection with the vesting of performance share units pursuant to the Antero Resources Corporation Long-Term Incentive Plan, the Issuer withheld shares that would otherwise have been issued to the Reporting Person to satisfy its tax withholding obligations. The number of shares withheld was determined based on the closing price per share on February 8, 2017.
- F5Includes options to purchase 25,000 shares of common stock, including options to purchase 6,250 shares of common stock that are vested and exercisable and options to purchase 18,750 shares of common stock that vest and become exercisable in three equal installments on the next three anniversaries of the grant date so long as the Reporting Person remains continuously employed by the Issuer through each such anniversary date. Each option to purchase common stock expires ten years from the date of grant, or April 15, 2025.
- F6Includes 177,778 performance share units that represent a contingent right to receive one share of the Issuer's common stock upon the achievement of performance metrics established by the compensation committee of the Issuer's board of directors tied to the 10-day weighted average stock price of the Issuer's common stock and satisfaction of certain time-based vesting conditions during the period beginning on the date of grant and ending on the fifth anniversary thereof.
Remarks
Chief Administrative Officer, Regional Senior Vice President and Treasurer