SEC Form 4 · accession 0000899243-16-012575
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
Jan 29, 2016
Accepted (ET)
Feb 2, 2016 · 6:27 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 | Jan 29, 2016 | M | 4,207 | $37.18 | A | 37,361 | D | |
| Common StockF1 | Jan 29, 2016 | D | 2,751 | $56.87 | D | 34,610 | D | |
| Common StockF2 | Jan 29, 2016 | F | 466 | $56.87 | D | 34,144 | D | |
| Common Stock | Jan 29, 2016 | M | 4,207 | $49.57 | A | 38,351 | D | |
| Common StockF3 | Jan 29, 2016 | D | 3,667 | $56.87 | D | 34,684 | D | |
| Common StockF4 | Jan 29, 2016 | F | 173 | $56.87 | D | 34,511 | 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 RightsF7,F5 | $37.18 | Jan 29, 2016 | M | 4,207 | D | Jan 16, 2016 | Jan 15, 2023 | Common Stock | 4,207 | 0 | D |
| Stock Appreciation RightsF7,F6 | $49.57 | Jan 29, 2016 | M | 4,207 | D | Dec 31, 2015 | Jan 15, 2024 | Common Stock | 4,207 | 4,207 | D |
Explanation of responses
- F1Includes 2,751 shares representing the deemed exercise price.
- F2Includes 466 shares surrendered to issuer to cover tax withholding obligation of the reporting person.
- F3Includes 3,667 shares representing the deemed exercise price.
- F4Includes 173 shares surrendered to issuer to cover tax withholding obligation of the reporting person
- F5Stock Appreciation Rights ("SARs") vest incrementally on January 16, 2016.
- F6SARs vest incrementally on December 31, 2015.
- F7Represents unvested SARs from original award.