SEC Form 4 · accession 0001209191-15-018663
Montage Resources Corp · MR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benjamin Ward Hulburt
Officer — President and CEO · Director
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 5:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001600470
Table I — non-derivative securities
No Table I lines on this filing.
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, 2015 | A | 176,938 | A | — | — | Common Stock | 176,938 | 0 | D |
| Performance UnitsF2 | — | Feb 23, 2015 | A | 109,481 | A | — | — | Common Stock | 109,481 | 0 | D |
Explanation of responses
- F1Represents (i) 164,221 restricted stock units granted on February 23, 2015 under the Company's 2014 Long-Term Incentive Plan, which vest in three equal installments of 33.33%, 33.33% and 33.33% on February 23, 2016, February 23, 2017 and February 23, 2018, respectively and (ii) 12,717 restricted stock units received by Mr. Hulburt in lieu of a portion of his 2014 cash bonus.
- F2Represents performance units representing the right to receive one share of common stock granted on February 23, 2015 under the Company's 2014 Long-Term Incentive Plan, the vesting of which is subject to the satisfaction of certain performance criteria in the period beginning January 1, 2015 and ending December 31, 2018.