SEC Form 4 · accession 0001427489-16-000001
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
Apr 22, 2016
Accepted (ET)
Apr 26, 2016 · 8:09 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 | Apr 22, 2016 | J | 74,700 | $0.00 | D | 33,074 | D | |
| Swift Energy Company Common StockF2 | Apr 22, 2016 | D | 33,074 | $0.00 | D | 0 | D | |
| Swift Energy Company Common StockF2 | Apr 22, 2016 | D | 33,431 | $0.00 | D | 0 | I | GRAT |
| Swift Energy Company Common StockF2 | Apr 22, 2016 | D | 564 | $0.00 | D | 0 | I | IRA |
| Swift Energy Company Common STockF3 | holding | — | — | — | 0 | I | Through 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to Section 503(c) of the Bankruptcy Code, the reporting person's Restricted Stock awards were cancelled upon the Issuer's emergence from bankruptcy, including shares which were prohibited from vesting during the time that the Issuer was in bankruptcy.
- F2Pursuant to the Plan of Reorganization approved by the Board of Directors and filed with the bankruptcy court, the Issuer's common stock (SFYWQ) was cancelled on April 22, 2016.
- F3Since the date of the reporting person's last ownership report, the reporting person has disposed of the shares held in his 401(k) account in a required diversification pursuant to the withdrawal of the Issuer's common stock as an investment choice.