SEC Form 4 · accession 0001246360-15-001024
SILVERBOW RESOURCES, INC. · SBOW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terry E Swift
Officer — COB & CEO · Director
Period of report
Feb 17, 2015
Accepted (ET)
Feb 19, 2015 · 6:35 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000351817
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Swift Energy Company Common Stock | Feb 17, 2015 | A | 36,900 | $0.00 | A | 478,625 | D | |
| SFY Common Stock-401(k)F1 | holding | — | — | — | 12,777 | I | 401(k) Plan | |
| SFY Cmmn Stock-ESOP HoldingF2 | holding | — | — | — | 1,346 | I | ESOP Plan | |
| Swift Energy Company Common StockF3 | holding | — | — | — | 8,085 | I | TES GST Exempt Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit 2/17/2015 - 2/17/2018F4 | — | Feb 17, 2015 | A | 81,550 | A | — | Feb 17, 2018 | Swift Energy Company Common Stock | 81,550 | 81,550 | D |
Explanation of responses
- F1Based on statement dated 12/31/2014.
- F2Based on statement dated 12/31/2013.
- F3Shares owned by the Terry Earl Swift GST Exempt Trust.
- F4Each restricted stock unit represents a contingent right to receive up to 2 shares of SFY common stock. The restricted stock units vest 3 years from the date of grant and are paid out ranging from 0% to 200% of the awarded share amount, depending upon the average fair market value of SFY stock for the 20 business days preceding the vesting date.