SEC Form 4 · accession 0001209191-19-014793
GULFPORT ENERGY CORP · GPOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David M. Wood
Officer — President & CEO · Director
Period of report
Feb 26, 2019
Accepted (ET)
Feb 28, 2019 · 7:57 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000874499
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 26, 2019 | A | 350,610 | $0.00 | A | 350,610 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These securities are restricted stock units, each representing a contingent right to receive one share of common stock, par value $0.01 per share, of Gulfport Energy Corporation (the "Issuer") granted under the Issuer's equity incentive plan. Of these restricted stock units, (i) 121,951 were granted to the reporting person as an inducement award to accept employment with us as our Chief Executive Officer and (ii) 228,659 represent his annual equity award for 2019, in each case as contemplated by the terms of the reporting person's employment with the Issuer, and were calculated based on the closing price per share of the Issuer's common stock on The Nasdaq Global Market on February 25, 2019. All restricted stock units reported on this form will vest in three approximately equal annual installments beginning on February 26, 2020.