SEC Form 4 · accession 0000899243-18-028031
Magnolia Oil & Gas Corp · MGY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steve Millican
Officer — SVP- Operations
Period of report
Nov 1, 2018
Accepted (ET)
Nov 2, 2018 · 4:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001698990
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Nov 1, 2018 | A | 137,500 | $0.00 | A | 137,500 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock units ("RSUs") granted under the Magnolia Oil & Gas Corporation Long Term Incentive Plan. Each RSU represents a contingent right to receive one share of Class A common stock of Magnolia Oil & Gas Corporation (the "Company"). On November 1, 2018 the Company granted Mr. Millican an award of 55,000 RSUs (the "First Award") and an award of 82,500 RSUs (the "Second Award"). One-third of the RSUs subject to the First Award will vest on the first three anniversaries of the date of grant and the RSUs subject to the Second Award will vest in full on the third anniversary of the date of grant, in each case, subject to Mr. Millican's continued employment through each such vesting date.
Remarks
Timothy D. Yang is signing on behalf of Steve Millican pursuant to the Power of Attorney dated October 29, 2018, which was previously filed with the Securities and Exchange Commission.