SEC Form 4 · accession 0000899243-15-008601
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 18, 2015
Accepted (ET)
Nov 20, 2015 · 4:06 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 18, 2015 | M | 6,511 | $30.19 | A | 52,235 | D | |
| Common StockF1 | Nov 18, 2015 | D | 3,198 | $61.48 | D | 49,037 | D | |
| Common StockF2 | Nov 18, 2015 | F | 1,544 | $61.48 | D | 47,493 | D | |
| Common Stock | Nov 18, 2015 | M | 1,702 | $43.95 | A | 49,195 | D | |
| Common StockF3 | Nov 18, 2015 | D | 1,217 | $61.48 | D | 47,978 | D | |
| Common StockF4 | Nov 18, 2015 | F | 226 | $61.48 | D | 47,752 | D | |
| Common Stock | Nov 18, 2015 | M | 8,413 | $37.18 | A | 56,165 | D | |
| Common StockF5 | Nov 18, 2015 | D | 5,088 | $61.48 | D | 51,077 | D | |
| Common StockF6 | Nov 18, 2015 | F | 1,549 | $61.48 | D | 49,528 | 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 RightF9,F7 | $30.19 | Nov 18, 2015 | M | 6,511 | D | Jan 16, 2015 | Jan 16, 2022 | Common Stock | 6,511 | 0 | D |
| Stock Appreciation RightF9 | $43.95 | Nov 18, 2015 | M | 1,702 | D | Mar 12, 2014 | Mar 11, 2021 | Common Stock | 1,702 | 0 | D |
| Stock Appreciation RightF9,F8 | $37.18 | Nov 18, 2015 | M | 8,413 | D | Jan 16, 2015 | Jan 15, 2023 | Common Stock | 8,413 | 4,207 | D |
Explanation of responses
- F1Includes 3,198 shares representing the deemed exercise price.
- F2Includes 1,544 shares surrendered to issuer to cover tax withholding obligation of the reporting person.
- F3Includes 1,217 shares representing the deemed exercise price.
- F4Includes 226 shares surrendered to issuer to cover tax withholding obligation of the reporting person.
- F5Includes 5,088 shares representing the deemed exercise price.
- F6Includes 1,549 shares surrendered to issuer to cover tax withholding obligation of the reporting person.
- F7Stock Appreciation Rights ("SARs") vest incrementally on the following dates: January 16, 2014 and January 16, 2015.
- F8SARs vest incrementally on the following dates: January 16, 2014 and January 16, 2015.
- F9Represents unvested SARs from original award.