SEC Form 4 · accession 0001104659-18-014946
Sanchez Energy Corp · SNEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory B Kopel
Officer — Senior VP - General Counsel
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 8:44 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 StockF1 | Mar 1, 2018 | M | 16,666 | — | A | 126,154 | D | |
| Common Stock | Mar 1, 2018 | D | 16,666 | $3.03 | D | 109,488 | D | |
| Common StockF2 | Mar 2, 2018 | S | 4,126 | $2.981 | D | 105,362 | 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,F3 | — | Mar 1, 2018 | M | 16,666 | D | Mar 1, 2018 | Mar 1, 2018 | Common Stock | 16,666 | 0 | D |
Explanation of responses
- 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.
- F2The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan established by the Reporting Person and was used to satisfy the Reporting Person's federal income tax obligations with respect to the vesting of equity awards.
- F3Phantom stock is payable only in cash, which vests in equal annual increments over a five year period.