SEC Form 4 · accession 0001246360-15-002295
SILVERBOW RESOURCES, INC. · SBOW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Deanna L Cannon
Director
Period of report
May 20, 2015
Accepted (ET)
May 21, 2015 · 7:14 pm EDT
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 StockF1 | May 20, 2015 | A | 42,234 | $0.00 | A | 90,994 | D | |
| Swift Energy Company Common Stock | holding | — | — | — | 1,000 | I | IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Unit 5/20/2015 - 5/20/2016F2 | — | May 20, 2015 | A | 21,116 | A | May 17, 2016 | May 17, 2016 | Swift Energy Company Common Stock | 21,116 | 21,116 | D |
Explanation of responses
- F1Restricted Stock Award vesting over 3 years; terms of vesting includes loss of risk of forfeiture in Year 1 and lifting of restrictions with respect to 50% of the award in each of Years 2 and 3.
- F2Each Restricted Unit converts into cash equal to the Fair Market Value of one share of the common stock of the Company on the vesting date.