SEC Form 4 · accession 0001104659-16-112606
Sanchez Energy Corp · SNEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kirsten A Hink
Officer — Senior VP and CAO
Period of report
Apr 15, 2016
Accepted (ET)
Apr 19, 2016 · 8:15 pm EDT
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 | Apr 15, 2016 | A | 18,000 | — | A | 190,885 | D | |
| Common StockF1 | Apr 15, 2016 | A | 18,000 | — | A | 208,885 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF2,F3 | — | Apr 15, 2016 | A | 36,000 | A | Apr 15, 2019 | Apr 15, 2019 | Common Stock | 36,000 | 36,000 | D |
| Phantom StockF2,F4 | — | Apr 15, 2016 | A | 18,000 | A | Apr 15, 2021 | Apr 15, 2021 | Common Stock | 18,000 | 18,000 | D |
Explanation of responses
- F1Represents a grant of restricted stock Reporting Person received from the Issuer.
- F2Each share of phantom stock is the economic equivalent of one share of the Issuer's common stock, par value $0.01 per share ("Common Stock").
- F3Phantom stock is payable only in cash, which vests in equal annual increments over a three year period.
- F4Phantom stock is payable only in cash, which cliff vests in five years or earlier if the Common Stock closing price equals or exceeds certain benchmarks as set forth in the form of agreement.