SEC Form 4 · accession 0001209191-19-006930
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
Jan 31, 2019
Accepted (ET)
Feb 4, 2019 · 6:08 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 valueF2 | Jan 31, 2019 | C | 218,220 | $0.00 | A | 2,006,261 | D | |
| Common Stock, $1.00 par value | Feb 4, 2019 | S | 218,220 | $55.44 | D | 1,788,041 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Depositary Shares - 8% Mandatory Convertible Preferred StockF1,F2 | — | Jan 31, 2019 | C | 200,000 | D | Feb 10, 2016 | — | Common Stock | 218,220 | 0 | D |
Explanation of responses
- F1Each depositary share represents 1/20 of a share of the Corporation's 8% Series A Mandatory Convertible Preferred Stock.
- F2On January 31, 2019, all 200,000 depositary shares automatically converted into shares of the Corporation's common stock, at a conversion rate of 1.0911 common shares per depositary share.
- F3Shares sold pursuant to a selling plan dated December 31, 2018 that is intended to comply with Rule 10b5-1(c).