SEC Form 4 · accession 0000316300-16-000109
EXCO RESOURCES INC · XCOOQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Harold L Hickey
Officer — CEO & President
Period of report
Jul 1, 2016
Accepted (ET)
Jul 1, 2016 · 9:24 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000316300
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF1 | — | Jul 1, 2016 | A | 2,222,222 | A | — | — | Common Stock | 2,222,222 | 2,222,222 | D |
Explanation of responses
- F1Represents performance-based share units ("PSUs") that vest at a rate between 0% and 150% of the target number of PSUs (the number of PSUs listed herein) during a three-year performance cycle beginning on July 1, 2016 and ending on July 1, 2019 based on the issuer's relative total shareholder return in comparison to the total shareholder return of a predetermined peer group over the performance cycle. 25% of the PSUs shall be eligible to vest on July 1, 2017 and the remaining 75% of the PSUs shall be eligible to vest on July 1, 2019. The PSUs were issued to Mr. Hickey pursuant to the Amended and Restated 2005 Long-Term Incentive Plan, as amended, and the Performance-Based Share Unit Award Agreement dated July 1, 2016. The PSUs may be settled, at the issuer's discretion, in cash or shares of common stock (subject to a maximum of 2,000,000 shares of common stock), and are subject to forfeiture, accelerated vesting and other restrictions as more fully set forth in these agreements.