SEC Form 4 · accession 0000899243-16-014264
Montage Resources Corp · MR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew R DeNezza
Officer — EVP and CFO
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 10:41 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001600470
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 23, 2016 | M | 23,953 | — | A | 23,953 | D | |
| Common StockF2 | Feb 23, 2016 | F | 8,557 | $0.74 | D | 15,396 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Feb 23, 2016 | M | 23,953 | D | — | — | Common Stock | 23,953 | 47,906 | D |
Explanation of responses
- F1On February 23, 2015, the reporting person was granted 71,859 restricted stock units under the Company's 2014 Long-Term Incentive Plan, with each unit representing the right to receive one share of the issuer's common stock. 33.33% of the total shares underlying the restricted stock units vested on February 23, 2016. The remaining restricted stock units will vest 33.33% on February 23, 2017 and 33.33% on February 23, 2018.
- F2Represents shares withheld to satisfy tax obligations upon the vesting of restricted stock units.