SEC Form 4 · accession 0000077159-15-000025
PENN VIRGINIA CORP · PVAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nancy M Snyder
Officer — EVP, CAO & General Counsel
Period of report
May 6, 2015
Accepted (ET)
May 8, 2015 · 3:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000077159
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock ($0.01 par value)F1 | May 6, 2015 | M | 10,213 | — | A | 82,258 | D | |
| Common Stock ($0.01 par value) | May 6, 2015 | F | 5,157 | $6.18 | D | 77,101 | D | |
| Common Stock ($0.01 par value) | holding | — | — | — | 230 | I | Custodian for minor | |
| Common Stock ($0.01 par value) | holding | — | — | — | 21,509 | I | 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | $0.00 | May 6, 2015 | M | 10,213 | A | May 6, 2015 | May 6, 2015 | Common Stock ($0.01 par value) | 10,213 | 20,424 | D |
| Non-qualified stock optionsF2 | $6.03 | May 7, 2015 | A | 63,498 | A | — | May 6, 2025 | Common Stock ($0.01 par value) | 63,498 | 63,498 | D |
| Restricted Stock UnitsF1,F3 | $0.00 | May 7, 2015 | A | 74,627 | A | — | — | Common Stock ($0.01 par value) | 74,627 | 74,627 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive one share of the Issuer's common stock upon vesting.
- F2The options become exercisable in three equal annual installments on May 7, 2016, 2017 and 2018, respectively, subject to the terms of the Issuer's 2013 Amended and Restated Long-Term Incentive Plan (the "Plan").
- F3The restricted stock units will vest in three equal installments on May 7, 2016, 2017 and 2018, respectively, subject to the terms of the Plan.