SEC Form 4 · accession 0001140361-16-080718
ABRAXAS PETROLEUM CORP · AXAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee T Billingsley
Officer — Former VP - Exploration
Period of report
Sep 21, 2016
Accepted (ET)
Sep 26, 2016 · 3:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000867665
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Abraxas Petroleum Common StockF1 | Jul 5, 2016 | D | 98,362 | — | D | 230,037 | D | |
| Abraxas Petroleum Common Stock | Sep 21, 2016 | M | 50,000 | $0.99 | A | 280,037 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option | $0.99 | Sep 21, 2016 | M | 50,000 | D | Mar 17, 2010 | Mar 17, 2019 | Abraxas Petroleum Common Stock | 50,000 | 0 | D |
Explanation of responses
- F1Restricted stock cancelled upon resignation from employment.