SEC Form 4 · accession 0001246360-15-001025
SILVERBOW RESOURCES, INC. · SBOW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J. Banks
Officer — Executive VP and COO
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 | 24,900 | $0.00 | A | 107,774 | D | |
| SFY Common Stock-401(k)F1 | holding | — | — | — | 4,673 | I | Through 401(k) | |
| SFY Cmmn Stock-ESOP HoldingF2 | holding | — | — | — | 564 | I | Through ESOP | |
| Robert J. Banks 2012 GRATF3 | holding | — | — | — | 33,431 | I | GRAT |
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 | 24,900 | A | — | Feb 17, 2018 | Swift Energy Company Common Stock | 24,900 | 24,900 | D |
Explanation of responses
- F1Based on statement dated 12/31/2014.
- F2Based on statement dated 12/31/2013.
- F3On August 1, 2012, Mr. Banks funded the Robert J. Banks Grantor Retained Annuity Trust with 33,341 shares of the stock of the issuer previously reported as directly owned. Mr. Banks is the trustee of the referenced 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.