SEC Form 4/A · accession 0001140361-18-030651
ABRAXAS PETROLEUM CORP · AXAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Geoffrey R. King
Other
Period of report
Jun 26, 2018
Accepted (ET)
Jun 29, 2018 · 1:17 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 | Jun 26, 2018 | D | 56,393 | $0.00 | D | 155,685 | D | |
| Abraxas Petroleum Common Stock | Jun 26, 2018 | M | 200,000 | $1.99 | A | 355,685 | D | |
| Abraxas Petroleum Common Stock | Jun 26, 2018 | F | 143,682 | $2.77 | D | 212,003 | D | |
| Abraxas Petroleum Common Stock | Jun 26, 2018 | M | 24,000 | $2.39 | A | 236,003 | D | |
| Abraxas Petroleum Common Stock | Jun 26, 2018 | F | 20,708 | $2.77 | D | 215,295 | D | |
| Abraxas Petroleum Common Stock | Jun 26, 2018 | M | 76,000 | $0.97 | A | 291,295 | D | |
| Abraxas Petroleum Common Stock | Jun 26, 2018 | F | 26,614 | $2.77 | D | 264,681 | D | |
| Abraxas Petroleum Common Stock | Jun 26, 2018 | M | 25,000 | $1.31 | A | 289,681 | D | |
| Abraxas Petroleum Common Stock | Jun 18, 2018 | F | 11,823 | $2.77 | D | 277,858 | D | |
| Abraxas Petroleum Common Stock | holding | — | — | — | 21,159 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option | $1.99 | Jun 26, 2018 | M | 200,000 | D | Sep 4, 2013 | Sep 4, 2023 | Abraxas Petroleum Common Stock | 200,000 | 0 | D |
| Employee Stock Option | $0.97 | Jun 26, 2018 | M | 76,000 | D | Mar 11, 2017 | Mar 11, 2027 | Abraxas Petroleum Common Stock | 76,000 | 0 | D |
| Employee Stock Option | $2.39 | Jun 26, 2018 | M | 24,000 | D | May 14, 2014 | May 14, 2023 | Abraxas Petroleum Common Stock | 24,000 | 0 | D |
| Employee Stock Option | $1.31 | Jun 26, 2018 | M | 25,000 | D | Aug 9, 2017 | Aug 9, 2026 | Abraxas Petroleum Common Stock | 25,000 | 0 | D |
| Employee Stock Option | $3.15 | holding | — | — | — | Mar 11, 2015 | Mar 11, 2024 | Abraxas Petroleum Common Stock | 27,500 | 27,500 | D |
| Employee Stock Option | $3.16 | holding | — | — | — | Mar 3, 2016 | Mar 3, 2025 | Abraxas Petroleum Common Stock | 187,500 | 187,500 | D |
Explanation of responses
- F1Cancellation of restricted shares.
- F2Represents a "net exercise" of outstanding stock options. The reporting person received 122,173 shares of common stock on net exercise of option to purchase 325,000 shares of common stock. The Company withheld 202,827 shares of common stock underlying the options for payment of the exercise price using the closing stock price on June 26, 2018 of $2.77.
Remarks
Amended to correct the opening balance of Direct Ownership shares on Table I.