SEC Form 4 · accession 0001104659-18-024930

Sanchez Energy Corp · SNEC

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

Reporting owner

Officer — SVP and COO

Period of report

Apr 16, 2018

Accepted (ET)

Apr 18, 2018 · 7:14 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
Common Stock^F1	Apr 16, 2018	M	66,667	—	A	639,149	D
Common Stock	Apr 16, 2018	D	66,667	$3.74	D	572,482	D
Common Stock^F2	Apr 17, 2018	A	186,916	—	A	759,398	D
Common Stock^F3	Apr 17, 2018	S	13,203	$3.716	D	746,195	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Phantom Stock^F1,F4	—	Apr 16, 2018	M	66,667	D	Apr 16, 2018	Apr 16, 2018	Common Stock	66,667	0	D
Phantom Stock^F5,F4	—	Apr 17, 2018	A	186,916	A	Apr 19, 2021	Apr 19, 2021	Common Stock	186,916	186,916	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.
F2Represents a grant of restricted stock Reporting Person received from the Issuer.
F3The 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.
F4Phantom stock is payable only in cash, which vests in equal annual increments over a three-year period.
F5Each share of phantom stock is the economic equivalent of one share of the Issuer's common stock, par value $0.01 per share.