SEC Form 4 · accession 0001104659-17-024266
Sanchez Energy Corp · SNEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patricio D. Sanchez
Officer — Executive Vice President
Period of report
Apr 15, 2017
Accepted (ET)
Apr 18, 2017 · 8:14 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 | 336,655 | D | |
| Common Stock | Apr 15, 2017 | A | 33,333 | $8.65 | A | 369,988 | D | |
| Common Stock | Apr 15, 2017 | M | 50,000 | $8.65 | D | 319,988 | D | |
| Common Stock | Apr 15, 2017 | M | 33,333 | $8.65 | D | 286,655 | D | |
| Common StockF1 | holding | — | — | — | 371,836 | I | By 1988 Trust No. 14 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF2 | — | Apr 15, 2017 | M | 50,000 | D | Apr 15, 2017 | Apr 15, 2017 | Common Stock | 50,000 | 0 | D |
| Phantom StockF3 | — | Apr 15, 2017 | M | 33,333 | D | Apr 15, 2017 | Apr 15, 2017 | Common Stock | 33,333 | 0 | D |
Explanation of responses
- F1These shares are owned directly by 1988 Trust No. 14. Reporting Person is a co-trustee, along with A. R. Sanchez, Jr., a beneficiary of 1988 Trust No. 14. Reporting Person may be deemed to share voting and dispositive power over the shares held by 1988 Trust No. 14. 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.
- F2Each 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.
- F3Each 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.