SEC Form 4 · accession 0001144204-16-083721
Cimarex Resolute LLC · REN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary Hultquist
Director
Period of report
Feb 18, 2016
Accepted (ET)
Feb 22, 2016 · 9:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001469510
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 18, 2016 | A | 56,437 | $0.00 | A | 110,938 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF3,F4 | $0.53 | Feb 18, 2016 | A | 104,167 | A | Feb 18, 2017 | — | Common Stock | 104,167 | 104,167 | D |
Explanation of responses
- F1This Restricted Stock was granted pursuant to the Issuer's 2009 Performance Incentive Plan. The Restricted Stock will vest pursuant to the vesting schedule set forth in the Restricted Stock Grant Agreement dated February 18, 2016. Pursuant to the Agreement, all 56,437 shares vest on the first anniversary of the date of grant.
- F2This number includes 96,437 shares of restricted stock subject to future vesting provisions.
- F3Represents a cash-settled Stock Appreciation Right ("SAR") granted to the reporting person pursuant to the Issuer's 2009 Performance Incentive Plan and the Cash-Settled Stock Appreciation Right Grant Agreement dated February 18, 2016 ("SAR Agreement").
- F4Each SAR will terminate and may no longer be exercised upon the earlier to occur of (i) discontinuance of the reporting person's services, or (ii) upon expiration of the SAR agreement on February 17, 2026.