SEC Form 4 · accession 0001127602-16-043020
EOG RESOURCES INC · EOG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William R. Thomas
Officer — Chairman & CEO · Director
Period of report
Feb 22, 2016
Accepted (ET)
Feb 23, 2016 · 6:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000821189
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 22, 2016 | A | 56,928 | $0.00 | A | 521,475 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Effective September 25, 2012, the Reporting Person received an award of 28,464 Performance Units (as adjusted to reflect the Issuer's two-for-one stock split (in the form of a stock dividend) which was effective March 31, 2014). The performance metric applicable to the award was the Total Shareholder Return of the Issuer over a three-year performance period (January 2013 through December 2015) relative to the Total Shareholder Return of each of the Issuer's Peer Companies. Pursuant to the terms of the award agreement, between 0% and 200% of the award could be earned based on the Issuer's TSR Rank. The Issuer's TSR Rank and applicable Performance Multiple (each as certified by the Compensation Committee of the Issuer's Board of Directors, effective February 22, 2016) was 1 and 200%, respectively. Accordingly, an additional 28,464 Performance Units have been credited to the Reporting Person. Subject to the terms of the grant agreement, (i) the 56,928 aggregate Performance Units will "cliff" vest on September 25, 2017 and (ii) shares of the Issuer's common stock represented by the Performance Units (on a one-for-one basis) will be distributed to the Reporting Person following such vesting date. Defined terms used herein have the meanings set forth in the form of agreement governing the Performance Units award, which is filed as Exhibit 10.4 to the Issuer's Current Report on Form 8-K filed on October 1, 2012.