SEC Form 4 · accession 0001594466-19-000021
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
Feb 18, 2019
Accepted (ET)
Feb 19, 2019 · 6:24 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 18, 2019 | F | 26,391 | $18.73 | D | 9,206,632 | D | |
| Class A common stock | holding | — | — | — | 352,521 | I | By Spouse | |
| Class A common stockF2 | holding | — | — | — | 948,043 | I | By Bryan S. Sheffield Spousal Lifetime Access Trust | |
| Class A common stockF3 | holding | — | — | — | 297,761 | I | By Sharoll M. Sheffield 2012 Irrevocable Trust | |
| Class B common stockF4 | holding | — | — | — | 20,835,517 | D | ||
| Class B common stockF4 | holding | — | — | — | 371,249 | I | By Spouse | |
| Class B common stockF4,F2 | holding | — | — | — | 998,406 | I | By Bryan S. Sheffield Spousal Lifetime Access Trust | |
| Class B common stockF4,F3 | holding | — | — | — | 313,579 | I | By Sharoll M. Sheffield 2012 Irrevocable Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The 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 time-based restricted stock granted on February 18, 2016. 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 15, 2019.
- F2Mr. Sheffield serves as the investment trustee of the Bryan S. Sheffield Spousal Lifetime Access Trust, and Mr. Sheffield and his children are beneficiaries of the Bryan S. Sheffield Spousal Lifetime Access Trust.
- F3Mr. Sheffield's spouse serves as the investment trustee of the Sharoll M. Sheffield 2012 Irrevocable Trust, and Mr. Sheffield's spouse and children are beneficiaries of the Sharoll M. Sheffield 2012 Irrevocable Trust.
- 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
Executive Chairman