SEC Form 4 · accession 0001209191-16-105441
HESS CORP · HES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John B Hess
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 5:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000004447
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2016 Performance Share UnitF1,F2 | $0.00 | Mar 1, 2016 | A | 111,889 | A | — | — | Common Stock, $1.00 par value | 223,778 | 111,889 | D |
| Option to purchase Common Stock | $44.31 | Mar 1, 2016 | A | 71,315 | A | Mar 1, 2017 | Mar 1, 2026 | Common Stock, $1.00 par value | 71,315 | 71,315 | D |
| Option to purchase Common Stock | $44.31 | Mar 1, 2016 | A | 71,315 | A | Mar 1, 2018 | Mar 1, 2026 | Common Stock, $1.00 par value | 71,315 | 71,315 | D |
| Option to purchase Common Stock | $44.31 | Mar 1, 2016 | A | 71,315 | A | Mar 1, 2019 | Mar 1, 2026 | Common Stock, $1.00 par value | 71,315 | 71,315 | D |
Explanation of responses
- F1Each Performance Share Unit entitles the holder to a payout of shares of Hess common stock equal to between 0% and 200% of such Performance Share Unit depending on the relative performance of the total shareholder return of Hess common stock compared with that of its peers over a three year performance period ending December 31, 2018, as more particularly described in the applicable award agreement.
- F2Not applicable.