SEC Form 4 · accession 0001209191-17-065859
PANHANDLE OIL & GAS INC · PHX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Blanchard Jr.
Officer — Chief Executive Officer · Director
Period of report
Dec 12, 2017
Accepted (ET)
Dec 15, 2017 · 3:06 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,F2 | Dec 12, 2017 | F | 5,842 | $20.30 | D | 245,351 | D | |
| Panhandle Class A CommonF3,F2 | Dec 12, 2017 | A | 21,133 | $0.0167 | A | 266,484 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares withheld to cover payroll tax liability on vesting of previously granted restricted shares.
- F2Total number of shares includes restricted shares with vesting based on performance criteria.
- F3Amount represents the number of shares of restricted stock granted under the Panhandle Oil and Gas 2010 Restricted Stock Plan. The shares will vest in one installment on the 3rd anniversary date, subject to certain stock price growth restrictions.