SEC Form 4 · accession 0000899243-18-003900
Parsley Energy, Inc. · PE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Gallagher
Officer — See Remarks · Director
Period of report
Feb 12, 2018
Accepted (ET)
Feb 14, 2018 · 5:54 pm EST
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 | Feb 12, 2018 | A | 51,142 | $0.00 | A | 712,920 | D | |
| Class A common stockF2 | Feb 12, 2018 | A | 74,626 | $0.00 | A | 787,546 | D | |
| Class A common stockF3 | Feb 12, 2018 | F | 22,916 | $22.80 | D | 764,630 | D | |
| Class B common stockF4 | holding | — | — | — | 1,000,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a grant of time-based restricted stock pursuant to the Parsley Energy, Inc. 2014 Long Term Incentive Plan ("LTIP"). The award will vest in full on the third anniversary of the grant date.
- F2Represents shares of Class A common stock earned pursuant to a performance-based restricted stock unit award granted on February 19, 2015, based upon attainment of the applicable performance conditions and adjustment of the target number of shares, as certified by the Compensation Committee on February 12, 2018.
- F3The Issuer withheld shares of Class A common stock that would have otherwise been issuable to the reporting person to satisfy the Issuer's tax withholding obligations in connection with the vesting and settlement of the performance-based restricted stock units granted on February 19, 2015. The number of shares of Class A common stock withheld was determined based on the closing price of the Class A common stock on February 12, 2018.
- 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
President and Chief Operating Officer