SEC Form 4 · accession 0001104659-16-112943
Jones Energy, Inc. · JONE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mike McConnell
Officer — President · Director
Period of report
Apr 18, 2016
Accepted (ET)
Apr 20, 2016 · 5:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001573166
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A common stockF2 | Apr 18, 2016 | S | 41,127 | $3.6575 | D | 50,268 | D | |
| Class A common stockF3 | holding | — | — | — | 238 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 20, 2016. The Reporting Person adopted the trading plan to provide liquidity to pay taxes associated with the vesting of equity awards during the second quarter and third quarter of 2016.
- F2The price reported in Column 4 is a weighted average price. These Class A Shares were sold in multiple transactions at prices ranging from $3.48 to $3.82. The Reporting Person undertakes to provide Jones Energy, Inc., any security holder of Jones Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Class A Shares purchased at each separate price within the range set forth in this footnote.
- F3The Class A Shares, Class B Shares and JEH LLC Units reported herein are or were beneficially owned by the Reporting Person solely as a result of his status as President of McConnell Interests, LLC, the general partner of McConnell Partnership, Ltd., which is the entity that directly beneficially owns such interests. The Reporting Person disclaims beneficial ownership of the Class A Shares, Class B Shares and JEH LLC Units reported herein except to the extent of his pecuniary interest therein.