EXCO RESOURCES INC 4
4 · EXCO RESOURCES INC · Filed Mar 24, 2017
Insider Transaction Report
Form 4
Gaebe Brian
See Remarks
Transactions
- Sale
Common Stock, par value $0.001 per share
2017-03-23$0.60/sh−45,232$27,139→ 49,999 total - Award
Common Stock, par value $0.001 per share
2017-03-16+45,232→ 95,231 total
Footnotes (2)
- [F1]Represents shares of restricted common stock issued to the reporting person pursuant to the EXCO Resources, Inc. 2016 Management Incentive Plan (the "MIP"), all of which shares are fully vested. The MIP provides for the payment of performance-based awards to eligible employees, of which seventy-five percent (75%) of the award is payable in cash and twenty-five percent (25%) of the award is payable in shares of fully-vested restricted stock (collectively, the "Award Amount") issued pursuant to the EXCO Resources, Inc. Amended and Restated 2005 Long-Term Incentive Plan, as amended (the "Plan").
- [F2]Represents shares sold to pay the tax liability associated with the Award Amount.