SEC Form 4 · accession 0001104659-19-012967
Sanchez Energy Corp · SNEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cameron W. George
Officer — Interim CFO
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 9:22 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, 2019 | M | 33,333 | — | A | 344,875 | D | |
| Common Stock | Mar 1, 2019 | D | 33,333 | $0.26 | D | 311,542 | D | |
| Common Stock | Mar 1, 2019 | F | 14,117 | $0.26 | D | 297,425 | 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,F2 | — | Mar 1, 2019 | M | 33,333 | D | Mar 1, 2019 | Mar 1, 2019 | Common Stock | 33,333 | 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.
- F2Phantom stock is payable only in cash, which vests in equal annual increments over a three-year period.