SEC Form 4 · accession 0001209191-18-004832
Montage Resources Corp · MR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Oleg E Tolmachev
Officer — EVP & COO
Period of report
Jan 19, 2018
Accepted (ET)
Jan 23, 2018 · 8:30 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 | Jan 19, 2018 | M | 21,206 | — | A | 445,126 | D | |
| Common StockF2,F3 | Jan 19, 2018 | F | 6,465 | $2.40 | D | 438,661 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF1 | — | Jan 19, 2018 | M | 21,206 | A | — | — | Common Stock | 21,206 | 0 | D |
Explanation of responses
- F1On February 23, 2015, the Reporting Person was granted 28,275 performance stock units pursuant to the issuer's 2014 Long-Term Incentive Plan, with each unit representing the right to receive one share of the issuer's common stock. The vesting of the performance stock units was subject to the satisfaction of certain performance criteria during the period beginning on January 1, 2015 and ending on December 31, 2018. On January 19, 2018, 21,206 of the performance stock units vested, and as a result, the Reporting Person received 21,206 shares of the issuer's common stock.
- F2Represents shares withheld to satisfy tax obligations upon the vesting of the performance stock units.
- F3Represents the issuer's closing stock price per share as of the end of the applicable performance period, which was December 31, 2017.