DELGADO MAREE K. 4
4 · ULTRA PETROLEUM CORP · Filed Mar 12, 2019
Insider Transaction Report
Form 4
DELGADO MAREE K.
See Remarks
Transactions
- Award
Restricted Stock Units
2019-03-11+119,904→ 396,228 total→ Common Stock (119,904 underlying) - Award
Restricted Stock Units
2019-03-11+59,952→ 276,324 total→ Common Stock (59,952 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock of the Company.
- [F2]The restricted stock units are time-based and will vest, if at all, in three equal annual installments beginning on March 1, 2020. The award will terminate and the applicable restricted stock units will not vest if the Reporting Person is not employed by the Reporting Person on the date any portion of the award is scheduled to vest.
- [F3]The restricted stock units are subject to both performance-based and time-based vesting terms. The performance-based vesting conditions are assessed based on the volume-weighted average price of the Company's common shares as measured over 60 consecutive trading days relative to pre-established price goals. Once a performance-based vesting condition is achieved, the restricted stock units that have become performance vested will time-vest over the two or three-year period following the date on which they became performance vested.