SEC Form 4 · accession 0000002178-18-000045
ADAMS RESOURCES & ENERGY, INC. · AE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Townes G. Pressler
Officer — Executive Chairman
Period of report
Jun 29, 2018
Accepted (ET)
Jul 3, 2018 · 6:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000002178
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted stock unitsF1,F2 | — | Jun 29, 2018 | A | 875 | A | — | — | Common stock | 875 | 875 | D |
| Performance share unitsF3 | — | Jun 29, 2018 | A | 875 | A | — | — | Common stock | 875 | 875 | D |
Explanation of responses
- F1The reporting person received a grant of 875 restricted stock units of Adams Resources & Energy, Inc. (AE) on June 29, 2018. Each restricted stock unit represents a contingent right to receive one share of AE common stock upon vesting.
- F2The restricted stock units will vest (i.e., the restrictions will lapse) in three equal annual installments beginning on May 8, 2019, provided the reporting person remains in continuing active service on the vesting date (subject to accelerated vesting in some circumstances).
- F3The reporting person received a grant of 875 performance share units of Adams Resources & Energy, Inc. on June 29, 2018. The performance share units will vest on May 8, 2021, provided the reporting person remains in continuing active service on the vesting date (subject to accelerated vesting in certain circumstances), and subject to the attainment of certain performance criteria as specified in the award agreement.