4//SEC Filing
PDC ENERGY, INC. 4
Accession 0000899243-17-001348
CIK 0000077877operating
Filed
Jan 16, 7:00 PM ET
Accepted
Jan 17, 6:50 PM ET
Size
8.0 KB
Accession
0000899243-17-001348
Insider Transaction Report
Form 4
PDC ENERGY, INC.PDCE
WAKIM KIMBERLY LUFF
Director
Transactions
- Disposition to Issuer
Common Stock
2017-01-13−563→ 8,619 total - Award
PHANTOM STOCK
2017-01-13+563→ 10,210 total→ COMMON STOCK (563 underlying)
Footnotes (3)
- [F1]The reporting person previously elected to defer 563 shares of restricted stock vesting on January 13, 2017 (the shares of restricted stock were originally granted on January 13, 2015), and accordingly received 563 shares of phantom stock on January 13, 2017 pursuant to the PDC Energy, Inc. Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"). As a result, the reporting person is reporting the disposition of 563 shares of common stock in exchange for an equal number of shares of phantom stock.
- [F2]Each share of phantom stock represents a right to receive one share of common stock or, at the reporting person's election, the cash value thereof.
- [F3]The phantom stock becomes payable upon the first to occur of (1) the reporting person's "separation of service" as defined under Section 409A of the Internal Revenue Code of 1986, as amended, or (2) a "Change in Control" of PDC Energy, Inc. as such item is defined in the Plan.
Documents
Issuer
PDC ENERGY, INC.
CIK 0000077877
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000077877
Filing Metadata
- Form type
- 4
- Filed
- Jan 16, 7:00 PM ET
- Accepted
- Jan 17, 6:50 PM ET
- Size
- 8.0 KB