4//SEC Filing
PDC ENERGY, INC. 4
Accession 0000899243-17-001578
CIK 0000077877operating
Filed
Jan 18, 7:00 PM ET
Accepted
Jan 19, 6:38 PM ET
Size
16.2 KB
Accession
0000899243-17-001578
Insider Transaction Report
Form 4
PDC ENERGY, INC.PDCE
Amidon Daniel Willson
Corporate Secretary
Transactions
- Tax Payment
Common Stock
2017-01-17$74.57/sh−4,491$334,894→ 60,098 total - Exercise/Conversion
Common Stock
2017-01-17+9,640→ 64,589 total - Award
Common Stock
2017-01-17+5,944→ 66,042 total - Exercise/Conversion
Performance Share Rights
2017-01-17−4,820→ 0 totalExp: 2016-12-31→ Common Stock (4,820 underlying) - Award
Performance Share Units
2017-01-17+2,972→ 2,972 totalExp: 2019-12-31→ Common Stock (2,972 underlying) - Award
Stock Appreciation Rights
2017-01-17+5,733→ 5,733 totalExercise: $74.57Exp: 2027-01-17→ Common Stock (5,733 underlying)
Footnotes (5)
- [F1]Each performance share/right represented a contingent right to receive shares of PDC Energy, Inc. (the "Company") common stock upon achievement of specified minimum thresholds of total shareholder return (TSR) compared to certain peers measured in December of 2016, as described in the related grant agreement. Shares granted represented a 200% payout on previously awarded performance shares/rights.
- [F2]Represents shares of common stock surrendered to issuer to cover tax withholding obligation of the reporting person upon vesting of shares of Company common stock.
- [F3]The restricted stock units vest in three pro rata installments on December 28, 2017, December 28, 2018, and January 17, 2020.
- [F4]The Stock Appreciation Rights ("SARs") become exercisable in three pro rata installments on December 28, 2017, December 28, 2018, and January 17, 2020. The reporting person also holds additional previously awarded SARs subject to different vesting, exercise price and other criteria.
- [F5]Each performance share unit represents a contingent right to receive 0-200% of that number in shares of Company common stock. The amount reported represents the "target" number. The performance shares units vest upon continued employment and achievement of specified thresholds of total shareholder return (TSR) compared to certain peers, as measured on December of 2019 and as described in the related grant agreement. Participant also holds additional previously awarded performance shares/rights and performance share units, all subject to different future vesting and performance criteria.
Documents
Issuer
PDC ENERGY, INC.
CIK 0000077877
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000077877
Filing Metadata
- Form type
- 4
- Filed
- Jan 18, 7:00 PM ET
- Accepted
- Jan 19, 6:38 PM ET
- Size
- 16.2 KB