SEC Form 4 · accession 0001127602-16-069666
NOBLE ENERGY INC · NBL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Susan M Cunningham
Officer — Exec. VP, EHSR & New Frontiers
Period of report
Dec 12, 2016
Accepted (ET)
Dec 12, 2016 · 4:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000072207
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Noble Energy, Inc. Common Stock | Dec 12, 2016 | M | 68,910 | $26.7075 | A | 245,148 | D | |
| Noble Energy, Inc. Common StockF2 | Dec 12, 2016 | S | 68,910 | $40.361 | D | 176,238 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option Grant (Right to Buy)F3 | $26.7075 | Dec 12, 2016 | M | 68,910 | D | — | Feb 1, 2017 | Noble Energy, Inc. Common Stock | 68,910 | 0 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2The sale price reported in Column 4 of Table 1 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.10 to $40.81, inclusive. The reporting person undertakes to provide to Noble Energy, Inc., any shareholder of Noble Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
- F3Options vest 1/3 each year for three years.