SEC Form 4 · accession 0001104659-17-037969
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
Jun 5, 2017
Accepted (ET)
Jun 7, 2017 · 5:24 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,F3 | Jun 5, 2017 | S | 38,927 | $1.95 | D | 336,853 | D | |
| Class A common stockF4 | holding | — | — | — | 258 | 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 April 3, 2017. The Reporting Person adopted the trading plan to provide liquidity to pay taxes associated with the vesting of equity awards.
- F2The price reported in Column 4 is a weighted average price. The shares of Class A common stock (the "Class A Shares") sold were sold in multiple transactions at prices ranging from $1.90 to $2.00. The Reporting Person undertakes to provide Jones Energy, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Class A Shares sold at each separate price within the range set forth in this footnote.
- F3The number of Class A Shares includes adjustments to unvested restricted stock units under the Issuer's Amended and Restated 2013 Omnibus Incentive Plan as a result of the dividend paid on May 15, 2017 on shares of the Issuer's 8.0% Series A Perpetual Convertible Preferred Stock paid in part in Class A Shares.
- F4The Class A Shares reported on this line are 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 reported on this line except to the extent of his pecuniary interest therein.