HULBURT BENJAMIN WARD 4
4 · Montage Resources Corp · Filed Mar 4, 2019
Insider Transaction Report
Form 4
HULBURT BENJAMIN WARD
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2019-02-28+41,860→ 205,264 total - Exercise/Conversion
Performance Stock Unit
2019-02-28−41,860→ 0 total→ Common Stock (41,860 underlying) - Exercise/Conversion
Common Stock
2019-02-28+27,697→ 163,404 total - Exercise/Conversion
Common Stock
2019-02-28+12,043→ 217,307 total - Exercise/Conversion
Performance Stock Unit
2019-02-28−12,043→ 0 total→ Common Stock (12,043 underlying) - Exercise/Conversion
Performance Stock Unit
2019-02-28−27,697→ 0 total→ Common Stock (27,697 underlying)
Footnotes (3)
- [F1]On February 28, 2019, pursuant to the terms of a Separation and Release Agreement (the "Separation Agreement"), a total of 27,697 unvested performance stock units granted to the Reporting Person on April 22, 2016 became vested and converted into shares of common stock, par value $0.01 per share ("Common Stock"), of Montage Resources Corporation (the "Company") on a one-for-one basis.
- [F2]On February 28, 2019, pursuant to the terms of the Separation Agreement, a total of 41,860 unvested performance stock units granted to the Reporting Person on February 24, 2017 became vested and converted into shares of Common Stock on a one-for-one basis.
- [F3]On February 28, 2019, pursuant to the terms of the Separation Agreement, a total of 12,043 unvested performance stock units granted to the Reporting Person on February 23, 2018 became vested and converted into shares of Common Stock on a one-for-one basis, while the remaining 15,159 unvested performance stock units were forfeited and canceled.