PDC ENERGY, INC. 4
4 · PDC ENERGY, INC. · Filed Jul 5, 2016
Insider Transaction Report
Form 4
PDC ENERGY, INC.PDCE
WAKIM KIMBERLY LUFF
Director
Transactions
- Award
PHANTOM STOCK
2016-07-01$57.33/sh+275$15,766→ 9,135 total→ COMMON STOCK (275 underlying)
Footnotes (1)
- [F1]The shares were acquired by the trustee for $57.33 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.