4//SEC Filing
Stratton J. Jay Jr. 4
Accession 0000899243-19-022368
CIK 0001022646other
Filed
Aug 22, 8:00 PM ET
Accepted
Aug 23, 5:15 PM ET
Size
11.3 KB
Accession
0000899243-19-022368
Insider Transaction Report
Form 4
Stratton J. Jay Jr.
Chief Operating Officer
Transactions
- Purchase
Common Stock
2019-08-21$0.12/sh+40,000$4,760→ 172,616 total - Purchase
Common Stock
2019-08-22$0.14/sh+80,000$11,600→ 252,616 total
Holdings
- 3,000
Put Option (obligation to buy)
→ Common Stock (0 underlying) - 1,084,976
Restricted Stock Units
→ Common Stock (0 underlying)
Footnotes (6)
- [F1]The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.1168 to $0.12, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range stated.
- [F2]The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.144 to $0.146, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range stated.
- [F3]Each restricted stock unit represents a contingent right to receive one common share of the Company.
- [F4]136,352 of the restricted stock units are time-based and will vest, if at all, in two equal annual installments beginning on May 25, 2020. 179,856 of the restricted stock units set forth in box 9 of this Form 4 are time-based and will vest, if at all, in three equal annual installments beginning on March 1, 2020. The time-based awards will terminate and the applicable restricted stock units will not vest if the Reporting Person is not employed by the Company on the date any portion of the award is scheduled to vest.
- [F5](Continued from Footnote 4) 768,768 of 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.
- [F6]The Reporting Person is party to written put contracts obligating him to buy 3,000 shares of the Company's common stock, exercisable at $5.00 per share, to the holder of the put option, on January 17, 2020.
Documents
Issuer
ULTRA PETROLEUM CORP
CIK 0001022646
Entity typeother
Related Parties
1- filerCIK 0001714805
Filing Metadata
- Form type
- 4
- Filed
- Aug 22, 8:00 PM ET
- Accepted
- Aug 23, 5:15 PM ET
- Size
- 11.3 KB