SEC Form 4/A · accession 0001567619-18-007149
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
Kenneth Wayne Johnson
Officer — Vice President - Operations
Period of report
Nov 30, 2018
Accepted (ET)
Nov 30, 2018 · 2:08 pm EST
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 Corp Common Stock | Nov 6, 2018 | A | 103,539 | $1.80 | A | 336,087 | D | |
| Abraxas Petroleum Corp Common Stock | holding | — | — | — | 31,346 | 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 | $0.99 | holding | — | — | — | Mar 17, 2010 | Mar 17, 2019 | Abraxas Petroleum Corp Common Stock | 11,250 | 11,250 | D |
| Employee Stock Option | $1.75 | holding | — | — | — | Oct 5, 2010 | Oct 5, 2019 | Abraxas Petroleum Corp Common Stock | 31,875 | 31,875 | D |
| Employee Stock Option | $2.09 | holding | — | — | — | Mar 16, 2011 | Mar 16, 2020 | Abraxas Petroleum Corp Common Stock | 33,000 | 33,000 | D |
| Employee Stock Option | $4.72 | holding | — | — | — | Mar 15, 2012 | Mar 15, 2021 | Abraxas Petroleum Corp Common Stock | 15,000 | 15,000 | D |
| Employee Stock Option | $3.55 | holding | — | — | — | Aug 9, 2012 | Aug 9, 2021 | Abraxas Petroleum Corp Common Stock | 25,000 | 25,000 | D |
| Employee Stock Option | $3.74 | holding | — | — | — | Mar 8, 2013 | Mar 8, 2022 | Abraxas Petroleum Corp Common Stock | 9,500 | 9,500 | D |
| Employee Stock Option | $2.39 | holding | — | — | — | May 14, 2014 | May 14, 2023 | Abraxas Petroleum Corp Common Stock | 21,500 | 21,500 | D |
| Employee Stock Option | $3.15 | holding | — | — | — | Mar 11, 2015 | Mar 11, 2024 | Abraxas Petroleum Corp Common Stock | 23,000 | 23,000 | D |
| Employee Stock Option | $0.97 | holding | — | — | — | Mar 15, 2017 | Mar 15, 2026 | Abraxas Petroleum Corp Common Stock | 77,000 | 77,000 | D |
| Performance based restricted stockF1 | $2.37 | holding | — | — | — | Apr 1, 2021 | Apr 1, 2021 | Abraxas Petroleum Corp Common Stock | 27,306 | 27,306 | D |
Explanation of responses
- F1Each 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.
Remarks
Error on ownership after reported transaction was not correct