SEC Form 4 · accession 0000899243-16-017598
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
Apr 4, 2016
Accepted (ET)
Apr 5, 2016 · 4:08 pm EDT
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 | Apr 4, 2016 | M | 4,070 | $39.63 | A | 19,972 | D | |
| Common StockF1 | Apr 4, 2016 | D | 2,776 | $58.12 | D | 17,196 | D | |
| Common StockF2 | Apr 4, 2016 | F | 603 | $58.12 | D | 16,593 | 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 RightsF4,F3 | $39.63 | Apr 4, 2016 | M | 4,070 | D | Dec 30, 2015 | Jan 13, 2025 | Common Stock | 4,070 | 8,142 | D |
Explanation of responses
- F1Includes 2,776 shares representing the deemed exercise price.
- F2Includes 603 shares surrendered to issuer to cover tax withholding obligation of the reporting person.
- F3Stock Appreciation Rights ("SARs") vest incrementally on December 30, 2015.
- F4Represents unvested SARs from original award.