Keeffe Michael J 4
4 · ULTRA PETROLEUM CORP · Filed May 29, 2019
Insider Transaction Report
Form 4
Keeffe Michael J
Director
Transactions
- Exercise/Conversion
Common Stock
2019-05-25+33,144→ 73,820 total - Tax Payment
Common Stock
2019-05-25$0.39/sh−9,777$3,823→ 64,043 total - Exercise/Conversion
Restricted Stock Units
2019-05-25−33,144→ 367,159 total→ Common Stock (33,144 underlying)
Footnotes (3)
- [F1]Such time-based restricted stock units converted into common stock on a one-for-one basis.
- [F2]As compensation for service on the board of directors of the Company as an independent, outside director, the Reporting Person received an award of 198,864 time-based restricted stock units on June 8, 2018. Such restricted stock units were scheduled to vest, if at all, in three equal annual installments beginning on May 25, 2019.
- [F3]Following the transaction reported herein, 132,576 of such remaining restricted stock units will vest, if at all, in two equal annual installments beginning on May 25, 2020. 201,439 of the restricted stock units set forth in box 9 of this Form 4 are time-based and will vest, if at all, on March 1, 2020. The Reporting Person deferred the receipt of 33,144 of such restricted stock units until January 2, 2021. The awards will terminate and the applicable restricted stock units will not vest if the Reporting Person is not a director of the Company on the date any portion of the award is scheduled to vest.