SEC Form 4 · accession 0001144204-17-014062
Cimarex Resolute LLC · REN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicholas J Sutton
Officer — Executive Chairman · Director
Period of report
Mar 8, 2017
Accepted (ET)
Mar 10, 2017 · 6:03 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,F3,F4 | Mar 8, 2017 | M | 22,108 | — | A | 456,924 | D | |
| Common StockF2,F3,F4 | Mar 8, 2017 | F | 28,418 | $38.22 | D | 428,506 | 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 RightsF5,F6 | — | Mar 8, 2017 | M | 22,108 | D | — | Mar 8, 2017 | Common Stock | 22,108 | 0 | D |
Explanation of responses
- F1Represents Outperformance shares received on satisfaction of criteria under Performance Share Rights granted in February 2014. The closing price of the Issuer's common stock on March 8, 2017, the date such shares were earned, was $38.22.
- F2Represents shares surrendered to Issuer to cover tax withholding obligations of the Reporting Person pursuant to Issuer's 2009 Performance Incentive Plan upon the earning of 22,108 Outperformance shares, the vesting of 11,407 shares that vested pursuant to Time-vesting criteria and 34,223 shares of restricted stock that vested pursuant to Performance-vesting criteria.
- F3Includes 18,358 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.
- F4Includes 94,150 shares held by the Reporting Person in an IRA account and 276,678 shares held in a revocable trust.
- F5Each Performance Share Right represents a right to receive up to the target number of shares of the Issuer's common stock (Outperformance Shares). Outperformance Shares are issued only upon achievement of specified thresholds of cumulative TSR compared to the cumulative TSR of a certain peer group of companies. Potential earning dates for such shares occurred in three annual installments commencing March 8, 2015 through March 8, 2017.
- F6Outperformance shares that were not earned as of the last vesting date are no longer eligible to be earned by the Reporting Person after such date.