SEC Form 4 · accession 0000899243-19-005903

Montage Resources Corp · MR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Thomas S Liberatore

Other

Period of report

Feb 28, 2019

Accepted (ET)

Mar 4, 2019 · 7:09 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 Stock^F1	Feb 28, 2019	M	10,980	—	A	58,326	D
Common Stock^F2	Feb 28, 2019	M	16,387	—	A	74,713	D
Common Stock^F3	Feb 28, 2019	M	3,853	—	A	78,566	D
Common Stock^F4	holding	—	—		—	16,555	I	See footnote

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Performance Stock Unit^F1	—	Feb 28, 2019	M	10,980	D	—	—	Common Stock	10,980	D
Performance Stock Unit^F2	—	Feb 28, 2019	M	16,387	D	—	—	Common Stock	16,387	D
Performance Stock Unit^F3	—	Feb 28, 2019	M	3,853	D	—	—	Common Stock	3,853	D

Explanation of responses

F1On February 28, 2019, pursuant to the terms of a Separation and Release Agreement (the "Separation Agreement"), a total of 10,980 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 16,387 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 3,853 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 5,660 unvested performance stock units were forfeited and canceled.
F4Represents shares of Common Stock held by Kirkwood Capital, L.P., which is controlled by the Reporting Person.

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.