SEC Form 4 · accession 0001104659-17-057452
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
Sep 14, 2017
Accepted (ET)
Sep 15, 2017 · 6:52 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 14, 2017 | P | 222,000 | $4.5085 | A | 473,485 | D | |
| Common StockF3 | Sep 15, 2017 | P | 98,000 | $4.6393 | A | 571,485 | D | |
| Common StockF4 | holding | — | — | — | 371,836 | I | By 1988 Trust No. 14 |
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, to the extent of 35,170 shares of common stock of Sanchez Energy Corporation ("SN"), with the disposition, on April 18, 2017, by Reporting Person of 35,170 shares of SN common stock. 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 $4.495 to $4.530. 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.
- F3This transaction was executed in multiple trades at prices ranging from $4.585 to $4.710. 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.
- F4These shares are owned directly by 1988 Trust No. 14. Reporting Person is a co-trustee, along with A. R. Sanchez, Jr., and 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.