SEC Form 4 · accession 0001104659-17-024265
Sanchez Energy Corp · SNEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Heinson
Officer — Senior VP and COO
Period of report
Apr 15, 2017
Accepted (ET)
Apr 18, 2017 · 8:13 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 Stock | Apr 15, 2017 | A | 50,000 | $8.65 | A | 706,825 | D | |
| Common Stock | Apr 15, 2017 | A | 66,667 | $8.65 | A | 773,492 | D | |
| Common Stock | Apr 15, 2017 | M | 50,000 | $8.65 | D | 723,492 | D | |
| Common Stock | Apr 15, 2017 | M | 66,667 | $8.65 | D | 656,825 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1 | — | Apr 15, 2017 | M | 50,000 | D | Apr 15, 2017 | Apr 15, 2017 | Common Stock | 50,000 | 0 | D |
| Phantom StockF2 | — | Apr 15, 2017 | M | 66,667 | D | Apr 15, 2017 | Apr 15, 2017 | Common Stock | 66,667 | 0 | D |
Explanation of responses
- F1Each share of phantom stock was the economic equivalent of one share of the Issuer's common stock, par value $0.01 per share ("Common Stock"), vesting in five years or earlier if the Common Stock closing price equaled or exceeded certain benchmarks. The Reporting Person settled his shares of phantom stock for cash.
- F2Each share of phantom stock was the economic equivalent of one share of Common Stock. The Reporting Person settled his shares of phantom stock for cash.