SEC Form 4 · accession 0001246360-18-001544
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
May 10, 2018
Accepted (ET)
May 14, 2018 · 6:14 pm EDT
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,F2 | May 10, 2018 | M | 4,155 | $0.00 | A | 151,560 | D | |
| common stockF3 | May 10, 2018 | A | 7,205 | $0.00 | A | 158,765 | D | |
| common stockF1,F2 | May 10, 2018 | D | 4,155 | $28.0438 | D | 154,610 | D | |
| common stockF5 | May 10, 2018 | F | 1,012 | $28.0438 | D | 153,598 | 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 UnitF4 | — | May 10, 2018 | A | 7,205 | A | — | — | common stock | 7,205 | 7,205 | D |
| Phantom Stock UnitF1 | $0.00 | May 10, 2018 | M | 4,155 | D | Aug 15, 2016 | Feb 15, 2019 | common stock | 4,155 | 0 | D |
Explanation of responses
- F1Each 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.
- F2These 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).
- F3The shares subject to this award will be paid in two equal installments on August 15, 2018 and February 15, 2019, subject to the compliance by the awardee with certain non-competition and non-solicitation covenants.
- F4Cash-settled Phantom Stock Units will be paid in two equal installments on August 15, 2018 and February 15, 2019, subject to compliance by the awardee with certain non-competition and non-solicitation covenants. Each share of Phantom Stock is the economic equivalent of one share of Company common stock.
- F5The amount of securities beneficially owned following reported transactions (column 5) reflects the forfeiture of 7,205 restricted stock units previously granted on February 10, 2016, due to the retirement of Mr. Dunn.