4//SEC Filing
EXCO RESOURCES INC 4
Accession 0000316300-16-000090
CIK 0000316300operating
Filed
Mar 8, 7:00 PM ET
Accepted
Mar 9, 3:26 PM ET
Size
7.3 KB
Accession
0000316300-16-000090
Insider Transaction Report
Form 4
Boeing William L
VP, General Counsel, Secretary
Transactions
- Award
Common Stock, par value $0.001 per share
2016-03-07+69,797→ 711,971 total - Sale
Common Stock, par value $0.001 per share
2016-03-08$1.51/sh−69,797$105,708→ 642,174 total
Footnotes (3)
- [F1]Represents shares of restricted common stock issued to the reporting person pursuant to the EXCO Resources, Inc. 2015 Management Incentive Plan, as amended (the "MIP"), all of which shares are fully vested. The MIP provides for the payment of performance-based awards to eligible employees, of which seventy-five percent (75%) of the award is payable in cash and twenty-five percent (25%) of the award is payable in shares of fully-vested restricted stock (collectively, the "Award Amount") issued pursuant to the EXCO Resources, Inc. Amended and Restated 2005 Long-Term Incentive Plan, as amended (the "Plan").
- [F2]Represents shares sold to pay the tax liability associated with the Award Amount.
- [F3]This transaction was executed in multiple trades at prices ranging from $1.41 to $1.61. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Documents
Issuer
EXCO RESOURCES INC
CIK 0000316300
Entity typeoperating
IncorporatedTX
Related Parties
1- filerCIK 0000316300
Filing Metadata
- Form type
- 4
- Filed
- Mar 8, 7:00 PM ET
- Accepted
- Mar 9, 3:26 PM ET
- Size
- 7.3 KB