SEC Form 4 · accession 0000899243-15-007900
PDC ENERGY, INC. · PDCE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gysle R. Shellum
Officer — CFO
Period of report
Nov 6, 2015
Accepted (ET)
Nov 10, 2015 · 6:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000077877
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 6, 2015 | M | 4,206 | $49.57 | A | 76,973 | D | |
| Common StockF1 | Nov 6, 2015 | D | 3,609 | $57.78 | D | 73,364 | D | |
| Common StockF2 | Nov 6, 2015 | F | 279 | $57.78 | D | 73,085 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF4,F3 | $49.57 | Nov 6, 2015 | M | 4,206 | D | Dec 31, 2014 | Jan 15, 2024 | Common Stock | 4,206 | 8,414 | D |
Explanation of responses
- F1Includes 3,609 shares representing the deemed exercise price.
- F2Includes 279 shares surrendered to issuer to cover tax withholding obligation of the reporting person.
- F3Stock Appreciation Rights vest incrementally on the following dates: December 31, 2014, December 31, 2015 and January 16, 2017.
- F4Represents unvested Stock Appreciation Rights from original award.