SEC Form 4 · accession 0001209191-16-157032
PANHANDLE OIL & GAS INC · PHX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lonnie Joe Lowry
Officer — VP-Chief Financial Officer
Period of report
Dec 21, 2016
Accepted (ET)
Dec 29, 2016 · 5:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000315131
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Panhandle Class A CommonF1 | Dec 21, 2016 | D | 42 | $0.0167 | D | 23,163 | D | |
| Panhandle Class A CommonF2,F3 | Dec 21, 2016 | F | 536 | $23.85 | D | 22,627 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Forfeiture of restricted stock award shares due to final determination that certain stock price performance criteria of the company were not achieved.
- F2Represents shares withheld to cover payroll tax liability on partial vesting of previously granted restricted shares.
- F3Total number of shares includes restricted shares with vesting based on performance criteria. Total shares have been adjusted to reflect a forfeiture of some of the restricted shares due to final vesting determination that performance-based criteria have not been satisfied with respect to such restricted shares.