SEC Form 4 · accession 0001104659-18-014942

Sanchez Energy Corp · SNEC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Executive Officer · Director

Period of report

Mar 1, 2018

Accepted (ET)

Mar 5, 2018 · 8:42 pm EST

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	Mar 1, 2018	D	19,300	$3.03	D	1,380,435	D
Common Stock^F1	Mar 1, 2018	M	49,046	—	A	1,429,481	D
Common Stock	Mar 1, 2018	D	49,046	$3.03	D	1,380,435	D
Common Stock^F2	holding	—	—		—	799,472	I	By Sanchez Oil & Gas Corporation
Common Stock^F3	holding	—	—		—	371,836	I	By 1988 Trust No. 11

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Phantom Stock^F1,F4	—	Mar 1, 2018	M	49,046	D	Mar 1, 2018	Mar 1, 2018	Common Stock	49,046	0	D

F1Each share of phantom stock is the economic equivalent of one share of the Issuer's common stock, par value $0.01 per share. The Reporting Person settled his shares of phantom stock for cash.
F2These shares are owned directly by Sanchez Oil & Gas Corporation ("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.
F3These 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.
F4Phantom stock is payable only in cash, which vests in equal annual increments over a five year period.