SEC Form 4 · accession 0001246360-18-000709
NEWFIELD EXPLORATION CO /DE/ · NFX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George T Dunn
Officer — Sr VP - Development
Period of report
Feb 14, 2018
Accepted (ET)
Feb 16, 2018 · 5:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000912750
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common stockF1 | Feb 14, 2018 | A | 7,114 | $0.00 | A | 157,329 | D | |
| common stockF4,F5 | Feb 15, 2018 | M | 3,454 | $0.00 | A | 160,783 | D | |
| common stockF4,F5 | Feb 15, 2018 | D | 3,454 | $25.9575 | D | 157,329 | D | |
| common stock | Feb 15, 2018 | F | 2,719 | $25.9575 | D | 154,610 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitF2 | — | Feb 14, 2018 | A | 7,114 | A | — | — | common stock | 7,114 | 7,114 | D |
| Restricted Stock UnitF3 | — | Feb 14, 2018 | A | 21,340 | A | — | — | common stock | 21,340 | 21,340 | D |
| Phantom Stock UnitF4 | $0.00 | Feb 15, 2018 | M | 3,454 | D | Aug 15, 2015 | Feb 15, 2018 | common stock | 3,454 | 0 | D |
Explanation of responses
- F1The shares subject to this award will vest in four equal installments on August 15, 2018, 2019 and 2020 and February 15, 2021.
- F2Cash-settled Phantom Stock Units vest in four equal installments on August 15, 2018, 2019 and 2020 and February 15, 2021. Each share of Phantom Stock is the economic equivalent of one share of Company common stock.
- F3The shares subject to this award have the possibility of vesting following the end of the applicable performance period, but will only vest if and to the extent certain total shareholder return and other criteria are met.
- F4Each cash-settled restricted stock unit subject to this award is the economic equivalent of one share of the issuer's common stock and may be settled solely in cash.
- F5These transactions reflect the conversion of cash-settled restricted stock units into cash (i.e., the deemed acquisition and simultaneous disposition of the underlying shares of stock).