SEC Form 4 · accession 0000893538-16-000172
SM Energy Co · SM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Herbert S Vogel
Officer — EVP - Operations
Period of report
Jul 1, 2016
Accepted (ET)
Jul 6, 2016 · 6:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000893538
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock; $.01 Par Value | Jun 30, 2016 | J | 1,024 | $16.711 | A | 22,469 | D | |
| Common Stock; $.01 Par ValueF2 | Jul 1, 2016 | M | 695 | — | A | 23,164 | D | |
| Common Stock; $.01 Par ValueF3 | Jul 1, 2016 | M | 808 | — | A | 23,972 | D | |
| Common Stock; $.01 Par ValueF4 | Jul 1, 2016 | M | 3,097 | — | A | 27,069 | D | |
| Common Stock; $.01 Par ValueF5 | Jul 1, 2016 | M | 1,170 | — | A | 28,239 | D | |
| Common Stock; $.01 Par Value | Jul 1, 2016 | F | 375 | $27.00 | D | 27,864 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | — | Jul 1, 2016 | M | 695 | D | — | — | Common Stock | 695 | 0 | D |
| Restricted Stock UnitsF3 | — | Jul 1, 2016 | M | 808 | D | — | — | Common Stock | 808 | 808 | D |
| Restricted Stock UnitsF4 | — | Jul 1, 2016 | M | 3,097 | D | — | — | Common Stock | 3,097 | 6,195 | D |
Explanation of responses
- F1The reporting person purchased 1,024 shares of the issuer's common stock on June 30, 2016, through the issuer's Employee Stock Purchase Plan.
- F2Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vested in three equal annual installments beginning on July 1, 2014. The vested shares were issued to the reporting person on the vesting dates, at which time all restrictions on the vested shares lapsed.
- F3Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in three equal annual installments beginning on July 1, 2015. The vested shares will be issued to the reporting person on the vesting dates, at which time all restrictions on the vested shares will lapse.
- F4Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in three equal annual installments beginning on July 1, 2016. The vested shares will be issued to the reporting person on the vesting dates, at which time all restrictions on the vested shares will lapse.
- F5On July 1, 2016, the Compensation Committee of the Board of Directors of the issuer determined that 1,170 shares of the issuer's common stock had been earned by the reporting person under the terms of a grant of performance share units (the "PSUs"), based on the achievement of specific performance criteria that were not tied solely to the market price of the issuer's common stock. The PSUs were granted to the reporting person on July 1, 2013, and represent the right to receive, upon the settlement of the PSUs, the determined number of earned shares of the issuer's common stock based on the achievement of the performance criteria over a three-year performance period (with the determined number of earned shares being within a range of zero to two times the number of PSUs granted on the award date), to the extent that the PSUs have vested under separate employment service vesting provisions. The PSUs vested on July 1, 2016.