PDC ENERGY, INC. 4
4 · PDC ENERGY, INC. · Filed Oct 6, 2016
Insider Transaction Report
Form 4
PDC ENERGY, INC.PDCE
SWOVELAND JEFFREY C
Director
Transactions
- Award
PHANTOM STOCK
2016-10-04$65.58/sh+78$5,115→ 3,027 total→ COMMON STOCK (78 underlying)
Footnotes (1)
- [F1]The shares were acquired by the trustee for $65.58 per share pursuant to PDC's Non-Employee Director Deferred Compensation 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.