SEC Form 4 · accession 0001104659-16-142747
CLAYTON WILLIAMS ENERGY INC /DE · CWEI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mel G Riggs
Officer — President · Director · 10% Owner
Period of report
Aug 31, 2016
Accepted (ET)
Sep 1, 2016 · 7:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000880115
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.10 par value | Aug 31, 2016 | A | 100,000 | $0.00 | A | 114,588 | D | |
| Common Stock, $.10 par valueF1 | holding | — | — | — | 3,046,420 | I | See |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $63.11 | Aug 31, 2016 | A | 100,000 | A | — | Aug 31, 2023 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1This amount includes 3,041,412 shares owned by The Williams Children's Partnership, Ltd. ("WCPL"), a family limited partnership in which the five adult children of Clayton W. Williams, Jr., the Chairman of the Board and Chief Executive Officer of the Issuer, are limited partners, LPL/Williams GP, LLC ("LPL/Williams") is the sole general partner of WCPL and the Reporting Person is the sole member of LPL/Williams. As the sole member of LPL/Williams, the Reporting Person has a pecuniary interest in only 0.002% of the Issuer's common stock held by WCPL and disclaims beneficial ownership of the remaining 99.998% of the Issuer's common stock held by WCPL. This amount also includes 1,382 shares in which the Reporting person holds a power of attorney and 3,626 shares held in the Company's 401(k) Plan and Trust.
- F2The option vests in three equal annual installments beginning on August 31, 2017.