SEC Form 4 · accession 0001209191-18-048361
Magnolia Oil & Gas Corp · MGY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James R Larson
Director
Period of report
Aug 22, 2018
Accepted (ET)
Aug 24, 2018 · 4:09 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 | Aug 22, 2018 | A | 11,000 | $0.00 | A | 11,000 | 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 (the "Plan"). Each RSU represents a contingent right to receive one share of Class A common stock ("Class A Common Stock") of Magnolia Oil & Gas Corporation (the "Company"). The Company has approved the grant of RSUs immediately following the effectiveness of the Company's Form S-8 registering shares of Class A Common Stock under the Plan. The RSUs will vest on the one-year anniversary of the vesting commencement date, August 1, 2019. The grantee may elect to defer settlement until the earlier of (i) the grantee ceasing to be a director or service provider to the Company or an affiliate of the Company or (ii) a change in control, as defined in the Plan.
Remarks
Joan M. Gallagher is signing on behalf James R. Larson pursuant to the Power of Attorney dated July 31, 2018, which was previously filed with the Securities and Exchange Commission.