SEC Form 4 · accession 0001061097-16-000001
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
Aug 29, 2016
Accepted (ET)
Sep 15, 2016 · 4:17 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) | Aug 29, 2016 | S | 77,101 | $0.02 | D | 253,226 | D | |
| Common Stock ($0.01 par value)F1 | Sep 12, 2016 | J | 231,540 | $0.00 | D | 21,686 | D | |
| Common Stock ($0.01 par value)F2 | Sep 12, 2016 | J | 21,686 | $0.00 | A | 0 | D |
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 | Sep 12, 2016 | J | 231,540 | D | Sep 12, 2016 | Sep 12, 2016 | Common Stock ($0.01 par value) | 231,540 | 0 | D |
Explanation of responses
- F1The reporting person's restricted stock units were cancelled upon the issuer's emergence from bankruptcy on September 12, 2016 (the "Effective Date").
- F2Pursuant to the Plan of Reorganization approved by the Board of Directors and filed with the bankruptcy court, the issuer's common stock was cancelled on the Effective Date.