SEC Form 4 · accession 0001104659-19-012970

Sanchez Energy Corp · SNEC

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

Reporting owner

Officer — Executive Vice President

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 Stock^F1	Mar 1, 2019	M	17,331	—	A	918,210	D
Common Stock	Mar 1, 2019	D	17,331	$0.26	D	900,879	D
Common Stock	Mar 1, 2019	F	6,820	$0.26	D	894,059	D
Common Stock^F2	holding	—	—		—	371,836	I	By 1988 Trust No. 14

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Phantom Stock^F1,F3	—	Mar 1, 2019	M	17,331	D	Mar 1, 2019	Mar 1, 2019	Common Stock	17,331	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 1988 Trust No. 14. Reporting Person is a co-trustee, along with A. R. Sanchez, Jr., and a beneficiary of 1988 Trust No. 14. Reporting Person may be deemed to share voting and dispositive power over the shares held by 1988 Trust No. 14. 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.
F3Phantom stock is payable only in cash, which vests in equal annual increments over a five-year period.