PDC ENERGY, INC. 4
4 · PDC ENERGY, INC. · Filed Jan 7, 2016
Insider Transaction Report
Form 4
PDC ENERGY, INC.PDCE
WAKIM KIMBERLY LUFF
Director
Transactions
- Award
PHANTOM STOCK
2016-01-05$53.21/sh+236$12,558→ 6,568 total→ COMMON STOCK (236 underlying)
Footnotes (1)
- [F1]The shares were acquired by the trustee for $53.21 per share pursuant to PDC's Non-Employee Director Deferred Compensation Plan ("Plan"). Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock are held in a rabbi trust and become payable in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service as a director.