SEC Form 4 · accession 0000899243-16-011780

PDC ENERGY, INC. · PDCE

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Jan 13, 2016

Accepted (ET)

Jan 15, 2016 · 2:57 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^F1	Jan 13, 2016	D	1,126	—	D	22,126	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
PHANTOM STOCK^F1,F2,F3	—	Jan 13, 2016	A	1,126	A	—	—	COMMON STOCK	1,126	1,696	D

F1The reporting person previously elected to defer 1,126 shares of restricted stock vesting on January 13, 2016 (the shares of restricted stock were originally granted on January 13, 2015), and accordingly received 1,126 shares of phantom stock on January 13, 2016 pursuant to the PDC Energy, Inc. Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"). As a result, the reporting person is reporting the disposition of 1,126 shares of common stock in exchange for an equal number of shares of phantom stock. The shares shown in column 9 of Table II include 570.584 shares previously acquired pursuant to the Plan and previously reported in Table I of reporting person's Form 4 filings.
F2Each share of phantom stock represents a right to receive one share of common stock or, at the reporting person's election, the cash value thereof.
F3The phantom stock becomes payable upon the first to occur of (1) the reporting person's "separation of service" as defined under Section 409A of the Internal Revenue Code of 1986, as amended, or (2) a "Change in Control" of PDC Energy, Inc. as such item is defined in the Plan.