SEC Form 4 · accession 0001104659-16-088729
Sanchez Energy Corp · SNEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Antonio R Sanchez III
Officer — CEO · Director
Period of report
Jan 5, 2016
Accepted (ET)
Jan 7, 2016 · 8:17 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 | 64,831 | $4.25 | D | 792,169 | D | |
| Common StockF1 | Jan 6, 2016 | F | 52,938 | $3.91 | D | 739,231 | D | |
| Common StockF2 | holding | — | — | — | 879,472 | I | By Sanchez Oil & Gas Corporation | |
| Common StockF3 | holding | — | — | — | 371,836 | I | By 1988 Trust No. 11 |
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.
- F2These shares are owned directly by Sanchez Oil & Gas Corporation ("SOG"). SOG is managed by A. R. Sanchez, Jr. and Reporting Person. Reporting Person may be deemed to share voting and dispositive power over the shares held by SOG. Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership by Reporting Person of the reported securities for purposes of Section 16 or any other purpose.
- F3These shares are owned directly by 1988 Trust No. 11. Reporting Person is a co-trustee, along with A. R. Sanchez, Jr., a beneficiary of 1988 Trust No. 11. Reporting Person may be deemed to share voting and dispositive power over the shares held by 1988 Trust No. 11. Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership by Reporting Person of the reported securities for purposes of Section 16 or any other purpose.