SEC Form 4 · accession 0001209191-19-004521
Montage Resources Corp · MR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd Bart
Officer — VP & Chief Accounting Officer
Period of report
Jan 17, 2019
Accepted (ET)
Jan 18, 2019 · 4:00 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 | Jan 17, 2019 | M | 8,354 | — | A | 42,890 | D | |
| Common StockF2,F3 | Jan 17, 2019 | F | 2,926 | $1.05 | D | 39,964 | 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 17, 2019 | M | 8,354 | A | — | — | Common Stock | 8,354 | 0 | D |
Explanation of responses
- F1On April 22, 2016, the Reporting Person was granted 16,708 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, 2016 and ending on December 31, 2018. On January 17, 2019, 8,354 of the performance units vested, and as a result, the Reporting Person received 8,354 shares of the issuer's common stock.
- F2Represents shares withheld to satisfy tax obligations upon vesting of 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, 2018.