SEC Form 4 · accession 0001588216-16-000040
RSP Permian, Inc. · RSPP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ted Collins Jr.
Director · 10% Owner
Period of report
Nov 22, 2016
Accepted (ET)
Nov 25, 2016 · 7:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001588216
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Nov 22, 2016 | S | 16,400 | $42.19 | D | 8,405,688 | D | |
| Common StockF2,F3 | Nov 22, 2016 | S | 600 | $42.77 | D | 8,405,088 | D | |
| Common StockF4 | holding | — | — | — | 1,000 | I | By spouse | |
| Common StockF5 | holding | — | — | — | 2,166,152 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On November 22, 2016, pursuant to a plan of disposition adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "10b5-1 Plan"), Mr. Collins sold 16,400 shares in multiple trades at prices ranging from $41.71 to $42.44. The price reported above reflects the weighted average sale price. Mr. Collins hereby undertakes to provide to the Securities and Exchange Commission staff (the "Staff"), the issuer or any security holder of the issuer, upon request, full information regarding the number of shares and prices at which the transaction was effected.
- F2The first sale under the 10b5-1 Plan was on March 29, 2016 and the 10b5-1 Plan provides for twice-monthly sales of Mr. Collins' shares at or above a minimum share price of $26.00 per share on randomly pre-determined dates ("Trade Date"). No more than 500,000 shares may be sold in the aggregate under the 10b5-1 Plan and no more than 100,000 shares may be sold on any Trade Date. The 10b5-1 Plan terminates no later than November 22, 2016, regardless of whether the maximum of 500,000 shares in the aggregate have been sold.
- F3On November 22, 2016, pursuant to the 10b5-1 Plan, Mr. Collins sold 600 shares in multiple trades at prices ranging from $42.72 to $42.81. The price reported above reflects the weighted average sale price. Mr. Collins hereby undertakes to provide to the Staff, the issuer or any security holder of the issuer, upon request, full information regarding the number of shares and prices at which the transaction was effected.
- F4These securities are held of record by Mr. Collins' spouse. Mr. Collins disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- F5These securities are held of record by Collins & Wallace Holdings, LLC. Mr. Collins and Wallace Family Partnership, LP are the members of Collins & Wallace Holdings, LLC. Accordingly, Mr. Collins may be deemed to share voting and dispositive power over the reported securities of Collins & Wallace Holdings, LLC, and as a result may be deemed to beneficially own the reported securities of Collins & Wallace Holdings, LLC. Mr. Collins disclaims beneficial ownership of the reported securities in excess of his pecuniary interests therein.