SEC Form 4 · accession 0001140361-18-017089
ABRAXAS PETROLEUM CORP · AXAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George William Krog Jr.
Officer — VP Chief Accounting Officer
Period of report
Apr 4, 2018
Accepted (ET)
Apr 4, 2018 · 4:27 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 Stock | Apr 1, 2018 | A | 23,973 | $0.00 | A | 133,217 | D | |
| Abraxas Petroleum Common StockF1 | Mar 31, 2018 | A | 6,799 | $2.20 | A | 29,291 | I | 401-K |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-based Restricted Stock UnitF2,F3 | $2.19 | Apr 1, 2018 | M | 23,973 | A | — | — | Abraxas Petroleum Common Stock | 23,973 | 23,973 | D |
| Employee Stock Option | $0.97 | holding | — | — | — | Mar 15, 2017 | Mar 15, 2026 | Abraxas Petroleum Common Stock | 123,000 | 123,000 | D |
| Employee Stock Option | $3.16 | holding | — | — | — | Mar 3, 2016 | Mar 3, 2025 | Abraxas Petroleum Common Stock | 100,000 | 100,000 | D |
| Employee Stock Option | $3.15 | holding | — | — | — | Mar 11, 2014 | Mar 11, 2024 | Abraxas Petroleum Common Stock | 21,000 | 21,000 | D |
| Employee Stock Option | $2.39 | holding | — | — | — | Mar 11, 2015 | Mar 11, 2024 | Abraxas Petroleum Common Stock | 20,000 | 20,000 | D |
| Employee Stock Option | $6.05 | holding | — | — | — | Mar 24, 2010 | Mar 24, 2016 | Abraxas Petroleum Common Stock | 5,000 | 5,000 | D |
| Employee Stock Option | $3.60 | holding | — | — | — | Aug 28, 2011 | Aug 28, 2017 | Abraxas Petroleum Common Stock | 8,829 | 8,829 | D |
| Employee Stock Option | $0.99 | holding | — | — | — | Mar 17, 2010 | Mar 17, 2019 | Abraxas Petroleum Common Stock | 10,000 | 10,000 | D |
| Employee Stock Option | $1.75 | holding | — | — | — | Oct 5, 2010 | Oct 5, 2019 | Abraxas Petroleum Common Stock | 26,775 | 26,775 | D |
| Employee Stock Option | $4.72 | holding | — | — | — | Mar 12, 2012 | Mar 15, 2021 | Abraxas Petroleum Common Stock | 10,000 | 10,000 | D |
| Employee Stock Option | $2.09 | holding | — | — | — | Mar 16, 2011 | Mar 16, 2020 | Abraxas Petroleum Common Stock | 12,700 | 12,700 | D |
| Employee Stock Option | $3.74 | holding | — | — | — | Mar 8, 2013 | Mar 8, 2022 | Abraxas Petroleum Common Stock | 9,500 | 9,500 | D |
Explanation of responses
- F1401-K shares acquired as a result of Abraxas Petroleum Corporations safe harbor match for calendar year 2017.
- F2Each performance-based restricted stock unit (RSU) represents the right to receive, following vesting, up to 200% of one share of Abraxas Petroleum common stock. The resulting number of shares of Abraxas Petroleum common stock acquired upon vesting of the performance based RSU is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three year period beginning April 1, 2018 and ending April 1, 2021.
- F3Unless earlier forfeited under the terms of the performance-based RSUs, each performance based vest and converts into no more than 200% of one share of Abraxas Petroleum common stock.