PDC ENERGY, INC. 4
4 · PDC ENERGY, INC. · Filed Jan 9, 2017
Insider Transaction Report
Form 4
PDC ENERGY, INC.PDCE
SWOVELAND JEFFREY C
Director
Transactions
- Award
PHANTOM STOCK
2017-01-06$77.13/sh+98$7,559→ 3,125 total→ COMMON STOCK (98 underlying)
Footnotes (1)
- [F1]The shares were acquired by the trustee for $77.13 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.