SEC Form 4 · accession 0001209191-18-013913
Montage Resources Corp · MR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Kent Hulburt
Officer — EVP, Secretary & Gen. Counsel · Director
Period of report
Feb 23, 2018
Accepted (ET)
Feb 27, 2018 · 4:27 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 23, 2018 | M | 23,798 | — | A | 684,589 | D | |
| Common StockF2 | Feb 23, 2018 | F | 6,325 | $1.67 | D | 678,264 | D | |
| Common StockF3 | Feb 23, 2018 | A | 183,500 | $1.67 | A | 861,764 | D | |
| Common StockF4 | Feb 24, 2018 | F | 25,349 | $1.70 | D | 836,415 | D | |
| Common StockF5 | Feb 24, 2018 | F | 7,938 | $1.70 | D | 828,477 | D | |
| Common StockF6 | holding | — | — | — | 248,329 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1 | — | Feb 23, 2018 | M | 23,798 | D | — | — | Common Stock | 23,798 | 0 | D |
| Performance Stock UnitF7 | — | Feb 23, 2018 | A | 183,500 | A | — | — | Common Stock | 183,500 | 0 | D |
Explanation of responses
- F1On February 23, 2015, the reporting person was granted 71,394 restricted stock units, with each unit representing the right to receive one share of the issuer's common stock. The final 33.33% of the total shares underlying the restricted stock units vested on February 23, 2018.
- F2Represents shares withheld to satisfy tax obligations upon the vesting of the restricted stock on February 23, 2018.
- F3Represents restricted stock units representing the right to receive one share of common stock per unit granted on February 23, 2018 under the Company's 2014 Long-Term Incentive Plan, as amended, which vest in three equal installments of 33.33%, 33.33% and 33.33% on February 23, 2019, February 23, 2020 and February 23, 2021, respectively.
- F4On February 24, 2017, the reporting person was granted 276,744 restricted stock units, 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 24, 2018. The remaining restricted stock units will vest 33.33% on February 24, 2019 and 33.33% on February 24, 2020.
- F5Represents shares withheld to satisfy tax obligations upon the vesting in full of restricted stock units for an award that the Reporting Person was granted on February 24, 2017 in the amount of 29,302 restricted stock units, with each unit representing the right to receive one share of the issuer's common stock.
- F6Represents shares of the issuer's stock held by CKH Partners II, L.P., which is controlled by the Reporting Person.
- F7Represents performance stock units representing the right to receive one share of common stock per unit granted on February 23, 2018 under the Company's 2014 Long-Term Incentive Plan, as amended, the vesting of which is subject to the satisfaction of certain performance criteria in the period beginning January 1, 2018 and ending on December 31, 2020.