SEC Form 4 · accession 0001593968-16-000875
SILVERBOW RESOURCES, INC. · SBOW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J. Banks
Officer — EVP AND COO
Period of report
Jun 8, 2016
Accepted (ET)
Jun 10, 2016 · 4:47 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 |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 8, 2016 | A | 26,455 | $0.00 | A | 26,750 | D | |
| Common Stock | holding | — | — | — | 298 | I | GRAT | |
| Common Stock | holding | — | — | — | 5 | I | IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F2 | $23.25 | Jun 8, 2016 | A | 21,164 | A | Jun 8, 2017 | Jun 8, 2026 | Swift Energy Company Common Stock | 21,164 | 21,164 | D |
Explanation of responses
- F1The restricted stock units vest in three equal installments beginning one year from the grant date. Vested shares will be delivered to the reporting person within 30 days of each vest date.
- F2The stock option vests in three equal installments beginning one year from the grant date.