SEC Form 4 · accession 0001209191-18-008494
HESS CORP · HES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory P. Hill
Officer — COO and President, E&P
Period of report
Feb 6, 2018
Accepted (ET)
Feb 8, 2018 · 5:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000004447
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $1.00 par valueF1,F2 | Feb 6, 2018 | M | 23,305 | $0.00 | A | 77,419 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 Performance Share UnitF3 | $0.00 | Feb 6, 2018 | M | 36,991 | D | — | — | Common Stock, $1.00 par value | 23,305 | 0 | D |
Explanation of responses
- F1Represents shares of Hess Corporation common stock earned upon vesting of Performance Share Units granted on March 3, 2015, based on the relative performance of total shareholder return of Hess common stock compared with that of its peers over the three-year performance period ending December 31, 2017.
- F2This amount includes 49,333 shares held in escrow pursuant to the Corporation's 2008 Long-Term Incentive Plan. The reporting person has only voting power of these shares until lapsing of the period set by the Committee administering the Plan at which time the shares plus accrued dividends will be delivered to the reporting person if he is still an employee of the Corporation.
- F3Each 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, 2017, as more particularly described in the applicable award agreement.