SEC Form 4 · accession 0000899243-17-008503
EXCO RESOURCES INC · XCOOQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Gaebe
Officer — See Remarks
Period of report
Mar 16, 2017
Accepted (ET)
Mar 24, 2017 · 4:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000316300
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per shareF1 | Mar 16, 2017 | A | 45,232 | $0.00 | A | 95,231 | D | |
| Common Stock, par value $0.001 per shareF2 | Mar 23, 2017 | S | 45,232 | $0.60 | D | 49,999 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of restricted common stock issued to the reporting person pursuant to the EXCO Resources, Inc. 2016 Management Incentive Plan (the "MIP"), all of which shares are fully vested. The MIP provides for the payment of performance-based awards to eligible employees, of which seventy-five percent (75%) of the award is payable in cash and twenty-five percent (25%) of the award is payable in shares of fully-vested restricted stock (collectively, the "Award Amount") issued pursuant to the EXCO Resources, Inc. Amended and Restated 2005 Long-Term Incentive Plan, as amended (the "Plan").
- F2Represents shares sold to pay the tax liability associated with the Award Amount.
Remarks
Chief Accounting Officer and Corporate Controller