SEC Form 4 · accession 0001437749-19-000552
PDC ENERGY, INC. · PDCE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barton R Brookman Jr.
Officer — President and CEO · Director
Period of report
Jan 5, 2019
Accepted (ET)
Jan 8, 2019 · 5:33 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 StockF1 | Jan 5, 2019 | M | 9,367 | — | A | 206,262 | D | |
| Common StockF2 | Jan 5, 2019 | F | 4,262 | $32.71 | D | 202,000 | D | |
| Common StockF3 | holding | — | — | — | 3,750 | I | By 401(k) plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share RightsF1 | — | Jan 5, 2019 | M | 12,008 | D | — | Dec 31, 2018 | Common Stock | 12,008 | 0 | D |
Explanation of responses
- F1Each performance share/right represented a contingent right to receive shares of PDC Energy, Inc. common stock upon achievement of specified minimum thresholds of total shareholder return (TSR) compared to certain peers measured in December of 2018, as described in the related grant agreement. Shares granted represented a 78% payout on previously awarded performance shares/rights.
- F2Represents shares of common stock surrendered to issuer to cover tax withholding obligation of the reporting person upon settlement of performance shares/rights.
- F3401(k) Plan holdings as of January 5, 2019.