SEC Form 4 · accession 0001209191-15-016620
CABOT OIL & GAS CORP · COG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Deidre L Shearer
Officer — Corp Sec & Managing Counsel
Period of report
Feb 18, 2015
Accepted (ET)
Feb 20, 2015 · 3:54 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000858470
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 18, 2015 | A | 7,700 | $0.00 | A | 10,138 | D | |
| Common Stock | Feb 18, 2015 | F | 2,256 | $27.82 | D | 7,882 | D | |
| Common Stock | Feb 18, 2015 | A | 790 | $0.00 | A | 8,672 | D | |
| Common Stock | Feb 18, 2015 | F | 217 | $27.82 | D | 8,455 | D | |
| Common Stock | Feb 18, 2015 | A | 558 | $0.00 | A | 9,013 | D | |
| Common Stock | Feb 18, 2015 | F | 153 | $27.82 | D | 8,860 | D | |
| Common StockF4 | holding | — | — | — | 1,257 | I | Held in 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 SharesF5 | $0.00 | Feb 19, 2015 | A | 5,630 | A | — | Dec 31, 2017 | Common | 5,630 | 5,630 | D |
Explanation of responses
- F1Each performance share represented the right to receive up to one share of common stock, based on certain performance criteria in a three year performance period which ended 12/31/2014. The Compensation Committee of the Board of Directors certified the results on 02/18/2015, which resulted in 100% of the stock being paid out.
- F2One-third vesting of hybrid performance share award made on February 21, 2013.
- F3One-third vesting of hybrid performance share award made on February 20, 2014.
- F4Based on a statement dated December 31, 2014 for shares held by the reporting person under the Cabot Oil & Gas Savings Investment Plan.
- F5The performance shares provide for payment in common stock and cash in an amount ranging from 0-200% of the performance shares awarded, based upon certain performance criteria over a three year performance period, beginning January 1, 2015 and ending December 31, 2017.