SEC Form 4 · accession 0001246360-15-001027
SILVERBOW RESOURCES, INC. · SBOW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven L. Tomberlin
Officer — Sr. VP, Resource Devel & Eng
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 | 15,400 | $0.00 | A | 102,705 | D | |
| SFY Cmmn Stk-Family Member | holding | — | — | — | 2,000 | I | By children | |
| SFY Cmmn Stock-IRA Holdings | holding | — | — | — | 79,000 | I | By IRA | |
| SFY Cmmn Stock-By Other Holdings | holding | — | — | — | 30,000 | I | By Family Partnership | |
| SFY Cmmn Stock-ESOP HoldingF1 | holding | — | — | — | 255 | I | ESOP | |
| SFY Common Stock-401(k)F2 | holding | — | — | — | 3,099 | I | 401(k) |
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 - 2/17/2018F3 | — | Feb 17, 2015 | A | 15,400 | A | — | Feb 17, 2018 | Swift Energy Company Common Stock | 15,400 | 15,400 | D |
Explanation of responses
- F1Based on statement dated 12/31/2013.
- F2Based on statement dated 12/31/2014.
- F3Each 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.