SEC Form 4 · accession 0000077159-15-000053
PENN VIRGINIA CORP · PVAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward B Cloues II
Officer — CEO · Director
Period of report
Oct 26, 2015
Accepted (ET)
Oct 28, 2015 · 10:13 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000077159
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Oct 26, 2015 | A | 100,000 | A | — | — | Common Stock ($0.01 par value) | 100,000 | 100,000 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive one share of the Issuer's common stock upon vesting.
- F2The restricted stock units will vest 30 days after the later to occur of the date on which (i) Mr. Cloues ceases to be an employee of the Company or (ii) Mr. Cloues ceases to be a director of the Company, subject to the terms of the Issuer's 2013 Amended and Restated Long-Term Incentive Plan.