SEC Form 4 · accession 0001104659-17-057236
Sanchez Energy Corp · SNEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Antonio R Sanchez III
Officer — Chief Executive Officer · Director
Period of report
Sep 13, 2017
Accepted (ET)
Sep 14, 2017 · 6:10 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 StockF2 | Sep 13, 2017 | P | 100,000 | $4.4538 | A | 1,494,783 | D | |
| Common StockF3 | holding | — | — | — | 799,472 | I | By Sanchez Oil & Gas Corporation | |
| Common StockF4 | holding | — | — | — | 371,836 | I | By 1988 Trust No. 11 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reporting Person's purchase of a portion of the reported shares may be matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, with the disposition, on June 16, 2017, by Sanchez Oil & Gas Corporation ("SOG") of a portion of the shares of the common stock of Sanchez Energy Corporation ("SN"), to the extent of Reporting Person's pecuniary interest therein. Accordingly, Reporting Person has agreed to pay to SN, upon settlement of the purchase, the full amount of the profit realized by Reporting Person in connection with the short-swing transaction.
- F2This transaction was executed in multiple trades at prices ranging from $4.34 to $4.50. The price reported above reflects the weighted average purchase price. Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, SN or a security holder of SN full information regarding the number of shares and prices at which the transaction was effected.
- F3These shares are owned directly by SOG. SOG is managed by Reporting Person and other members of the Sanchez family. 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.
- F4These shares are owned directly by 1988 Trust No. 11. Reporting Person is a co-trustee, along with A. R. Sanchez, Jr., and 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.