SEC Form 4 · accession 0000950103-16-011283
Cobalt International Energy, Inc. · CIE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James H. Painter
Officer — Executive Vice President
Period of report
Feb 18, 2016
Accepted (ET)
Feb 22, 2016 · 9:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001471261
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 19, 2016 | S | 5,879 | $2.18 | D | 1,319,714 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Feb 18, 2016 | A | 179,303 | A | — | — | Common Stock | 179,303 | 179,303 | D |
Explanation of responses
- F1The sale price is a weighted average sale price that represents the sale of these shares of Common Stock at prices ranging from $2.15 to $2.28, inclusive. These shares were sold pursuant to a 10b5-1 plan. The reporting person undertakes to provide upon request by the SEC staff, the Issuer or any security holder of the Issuer, full information regarding the number of shares of Common Stock sold at each separate price within the ranges set forth in this footnote (1).
- F2The reporting person was awarded the reported securities under the Issuer's 2015 Long Term Incentive Plan (the "Plan"). Each restricted stock unit represents a contingent right to receive one share of Common Stock, the cash equivalent of Common Stock or a combination thereof, at the Issuer's election.
- F3The restricted stock units will vest one-third (1/3) on each of March 1, 2017, March 1, 2018 and March 1, 2019, subject to the terms of the award agreement under the Plan.