SEC Form 4 · accession 0001209191-18-013922

Montage Resources Corp · MR

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

Reporting owner

Thomas S Liberatore

Officer — EVP, Corp Dev & Geosciences

Period of report

Feb 23, 2018

Accepted (ET)

Feb 27, 2018 · 4:30 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 23, 2018	M	22,098	—	A	661,952	D
Common Stock^F2	Feb 23, 2018	F	5,949	$1.67	D	656,003	D
Common Stock^F3	Feb 23, 2018	A	142,695	$1.67	A	798,698	D
Common Stock^F4	Feb 24, 2018	F	22,516	$1.70	D	776,182	D
Common Stock^F5	Feb 24, 2018	F	9,154	$1.70	D	767,028	D
Common Stock^F6	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 Unit^F1	—	Feb 23, 2018	M	22,098	D	—	—	Common Stock	22,098	0	D
Performance Stock Unit^F7	—	Feb 23, 2018	A	142,695	A	—	—	Common Stock	142,695	0	D

Explanation of responses

F1On February 23, 2015, the reporting person was granted 66,294 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 245,814 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 34,012 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 Kirkwood Capital, 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.