SEC Form 4 · accession 0001104659-16-125716
Sanchez Energy Corp · SNEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan G. Jackson
Director
Period of report
Jun 1, 2016
Accepted (ET)
Jun 6, 2016 · 7:21 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 | Jun 1, 2016 | A | 25,510 | — | A | 65,451 | D | |
| Common StockF2,F3 | Jun 3, 2016 | S | 7,936 | $8.05 | D | 57,515 | D | |
| Common StockF4 | holding | — | — | — | 21,600 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a grant of restricted stock the Reporting Person received from Sanchez Energy Corporation.
- F2The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan established by the Reporting Person and was used to satisfy the Reporting Person's federal income tax obligations with respect to the vesting of equity awards.
- F3This transaction was executed in multiple trades at prices ranging from $7.87 to $8.20. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4These securities are held by the Reporting Person's wife, and the Reporting Person disclaims beneficial ownership of these securities. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.