SEC Form 4 · accession 0001104659-17-062007
Sanchez Energy Corp · SNEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard J Thill Sr.
Officer — Executive VP & CFO
Period of report
Oct 10, 2017
Accepted (ET)
Oct 12, 2017 · 7:47 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 | Oct 10, 2017 | M | 58,333 | — | A | 333,333 | D | |
| Common Stock | Oct 10, 2017 | D | 58,333 | $4.41 | D | 275,000 | D | |
| Common StockF2 | Oct 12, 2017 | S | 16,499 | $4.265 | D | 258,501 | 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 | — | Oct 10, 2017 | M | 58,333 | D | — | — | Common Stock | 58,333 | 116,667 | D |
Explanation of responses
- F1On October 10, 2016, Reporting Person was granted 175,000 shares of phantom stock. Each share of phantom stock is the economic equivalent of one share of Issuer's common stock, par value $0.01 per share. The 175,000 shares of phantom stock vest in equal annual installments over three years. Reporting Person settled one-third of his shares of phantom stock for cash.
- F2The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan established by Reporting Person and was used to satisfy Reporting Person's federal income tax obligations with respect to the vesting of equity awards.