SEC Form 4 · accession 0001532930-15-000022
Seventy Seven Energy Inc. · SVNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerry L Winchester
Officer — President and CEO · Director
Period of report
Mar 3, 2015
Accepted (ET)
Mar 5, 2015 · 6:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001532930
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 3, 2015 | A | 692,088 | $0.00 | A | 1,291,675 | D | |
| Common StockF2 | Mar 4, 2015 | P | 16,600 | $4.42 | A | 1,308,275 | D | |
| Common Stock | holding | — | — | — | 238 | I | 401(k) Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The restricted stock was granted pursuant to the Company's 2014 Incentive Plan. The restricted stock will vest in three equal annual installments, commencing March 3, 2016, and so long as such officer is employed by the Company or its affiliates on such date, unless vesting is otherwise accelerated or continued pursuant to the terms of the Company's 2014 Incentive Plan or any contract or agreement with the Company.
- F2This transaction was executed in multiple trades at prices ranging from $4.41 to $4.43. The price reported reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.