SEC Form 4 · accession 0001209191-18-063005
Magnolia Oil & Gas Corp · MGY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy D. Yang
Officer — EVP - General Counsel & Sec
Period of report
Dec 14, 2018
Accepted (ET)
Dec 17, 2018 · 5:33 pm EST
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 Stock | Dec 14, 2018 | P | 20,000 | $11.17 | A | 120,000 | D | |
| Class A Common StockF1 | Sep 20, 2018 | M | 150,000 | — | A | 270,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF1 | — | Sep 20, 2018 | M | 100,000 | D | — | — | Class A Common Stock | 150,000 | 0 | D |
Explanation of responses
- F1Represents Performance Share Units ("PSUs") previously reported on Table II of Mr. Yang's Form 4 filed on September 21, 2018. The PSUs underlying such shares of the issuer's Class A common stock are no longer subject to performance vesting; however, the PSUs remain subject to the time-based vesting conditions previously disclosed. As such, the 100,000 PSUs initially granted now represent a contingent right to receive 150,000 shares of the issuer's Class A common stock upon satisfaction of the time-based vesting conditions.