PDC ENERGY, INC. 4
4 · PDC ENERGY, INC. · Filed Apr 6, 2016
Insider Transaction Report
Form 4
PDC ENERGY, INC.PDCE
WAKIM KIMBERLY LUFF
Director
Transactions
- Award
PHANTOM STOCK
2016-04-05$59.15/sh+316$18,691→ 8,860 total→ COMMON STOCK (316 underlying)
Footnotes (1)
- [F1]The shares were acquired by the trustee for $59.15 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.