SEC Form 4 · accession 0001104659-16-088725
Sanchez Energy Corp · SNEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Heinson
Officer — Senior VP - COO
Period of report
Jan 5, 2016
Accepted (ET)
Jan 7, 2016 · 8:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001528837
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 5, 2016 | F | 10,546 | $4.25 | D | 328,389 | D | |
| Common StockF2 | Jan 6, 2016 | A | 100,000 | — | A | 428,389 | D | |
| Common StockF1 | Jan 6, 2016 | F | 2,205 | $3.91 | D | 426,184 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The purpose of the disposition reported on this Form 4 was to satisfy the Reporting Person's federal income tax obligations with respect to the vesting of equity awards. The Reporting Person sold these securities at the above specified price, which price represents the closing price on the New York Stock Exchange on the transaction date, to SN Midstream, LLC, which is a wholly-owned subsidiary of the Issuer.
- F2Represents a grant of restricted stock Reporting Person received from the Issuer.