SEC Form 4 · accession 0000899243-16-016301
Parsley Energy, Inc. · PE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bryan Sheffield
Officer — See Remarks · Director · 10% Owner
Period of report
Mar 16, 2016
Accepted (ET)
Mar 18, 2016 · 6:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001594466
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A common stockF1,F2 | Mar 16, 2016 | S | 35,715 | $21.33 | D | 12,305,650 | D | |
| Class A common stockF3 | holding | — | — | — | 1,711,269 | I | By Sheffield Energy Management, LLC | |
| Class B common stockF4 | holding | — | — | — | 22,716,573 | D | ||
| Class B common stockF4,F3 | holding | — | — | — | 1,802,178 | I | By Sheffield Energy Management, LLC |
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 Mr. Sheffield on March 3, 2015.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.97 to $21.70, inclusive. The reporting person undertakes to provide to Parsley Energy, Inc., any security holder of Parsley Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- F3Mr. Sheffield has voting and dispositive power over these shares.
- F4Each share of Class B common stock has no economic rights but entitles its holder to one vote on all matters to be voted on by stockholders generally.
Remarks
Director, President and Chief Executive Officer