SEC Form 4 · accession 0000899243-19-005900
Montage Resources Corp · MR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew R DeNezza
Other
Period of report
Feb 28, 2019
Accepted (ET)
Mar 4, 2019 · 7:04 pm 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 28, 2019 | M | 11,904 | — | A | 60,027 | D | |
| Common StockF2 | Feb 28, 2019 | M | 20,728 | — | A | 80,755 | D | |
| Common StockF3 | Feb 28, 2019 | M | 6,919 | — | A | 87,674 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitF1 | — | Feb 28, 2019 | M | 11,904 | D | — | — | Common Stock | 11,904 | 0 | D |
| Performance Stock UnitF2 | — | Feb 28, 2019 | M | 20,728 | D | — | — | Common Stock | 20,728 | 0 | D |
| Performance Stock UnitF3 | — | Feb 28, 2019 | M | 6,919 | D | — | — | Common Stock | 6,919 | 0 | D |
Explanation of responses
- F1On February 28, 2019, pursuant to the terms of a Separation and Release Agreement (the "Separation Agreement"), a total of 11,904 unvested performance stock units granted to the Reporting Person on April 22, 2016 became vested and converted into shares of common stock, par value $0.01 per share ("Common Stock"), of Montage Resources Corporation (the "Company") on a one-for-one basis.
- F2On February 28, 2019, pursuant to the terms of the Separation Agreement, a total of 20,728 unvested performance stock units granted to the Reporting Person on February 24, 2017 became vested and converted into shares of Common Stock on a one-for-one basis.
- F3On February 28, 2019, pursuant to the terms of the Separation Agreement, a total of 6,919 unvested performance stock units granted to the Reporting Person on February 23, 2018 became vested and converted into shares of Common Stock on a one-for-one basis, while the remaining 7,739 unvested performance stock units were forfeited and canceled.
Remarks
- All balances reflect a 15-to-1 reverse stock split of the Common Stock effected on February 28, 2019. - This beneficial ownership report is filed to report that the Reporting Person is no longer subject to Section 16 of the Securities Exchange Act of 1934, as amended, with respect to securities of the Company.