PDC ENERGY, INC. 4
4 · PDC ENERGY, INC. · Filed Oct 6, 2016
Insider Transaction Report
Form 4
PDC ENERGY, INC.PDCE
WAKIM KIMBERLY LUFF
Director
Transactions
- Award
PHANTOM STOCK
2016-10-04$65.57/sh+243$15,934→ 9,378 total→ COMMON STOCK (243 underlying)
Footnotes (1)
- [F1]The shares were acquired by the trustee for $65.57 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.