SEC Form 4 · accession 0001144204-17-007148
Cimarex Resolute LLC · REN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Theodore Gazulis
Officer — Executive VP, CFO
Period of report
Feb 7, 2017
Accepted (ET)
Feb 9, 2017 · 6:36 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,F3 | Feb 7, 2017 | A | 34,422 | $0.00 | A | 156,958 | D | |
| Common StockF4 | holding | — | — | — | 16,600 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share RightsF5 | — | Feb 7, 2017 | A | 17,211 | A | Mar 8, 2018 | Mar 8, 2020 | Common Stock | 17,211 | 17,211 | D |
Explanation of responses
- F1This restricted stock was granted pursuant to the Issuer's 2009 Performance Incentive Plan. The Reporting Person's interests in the Restricted Stock will vest pursuant to the vesting schedule set forth in the Equity Incentive Grant Agreement dated February 7, 2017. Pursuant to the Agreement, 17,211 total shares will vest by the passage of time ("Time Vested Shares") and 17,211 shares will vest upon achievement of specified thresholds of cumulative total shareholder return (TSR) compared to certain peers ("Performance Vested Shares") in three annual installments commencing March 8, 2018 through March 8, 2020.
- F2Includes 50,663 shares of restricted stock subject to Time- and Performance- Vesting criteria, which vest in annual installments in accordance with such criteria through March 8, 2020.
- F3Includes 95,513 shares held by the Reporting Person in a revocable trust and 8,782 shares held in a custodial account.
- F4Consists of 15,600 shares held in the George D. Gazulis Revocable Trust and 1,000 shares held in an IRA FBO George Gazulis, Theodore Gazulis, beneficiary.
- F5Each Performance Share Right represents a right to receive the target number of shares of the Issuer's common stock. The Performance Share Rights vest upon achievement of specified thresholds of cumulative TSR compared to certain peers. Vesting will occur in three annual installments commencing March 8, 2018 through March 8, 2020.