4//SEC Filing
Edwards David McCune 4
Accession 0000899243-19-028676
CIK 0001326428other
Filed
Dec 5, 7:00 PM ET
Accepted
Dec 6, 3:52 PM ET
Size
8.6 KB
Accession
0000899243-19-028676
Insider Transaction Report
Form 4
Pressburg, LLCROAN
Edwards David McCune
See Remarks
Transactions
- Disposition to Issuer
Class A common stock
2019-12-06$1.52/sh−161,486$245,459→ 0 total - Disposition to Issuer
Performance Share Unit
2019-12-06−157,895→ 0 total→ Class A common stock (0 underlying)
Footnotes (3)
- [F1]The Issuer, Citizen Energy Operating, LLC ("Citizen") and Citizen Energy Pressburg Inc., a subsidiary of Citizen ("Merger Sub"), are parties to that certain Agreement and Plan of Merger, dated October 1, 2019 (the "Merger Agreement"), pursuant to which, among other things, Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving as a wholly-owned subsidiary of Citizen. At the effective time of the Merger (the "Effective Time"), each outstanding share of Class A common stock, $0.001 par value per share, of the Issuer were cancelled and converted into a right to receive $1.52 in cash per share.
- [F2]Includes 119,332 shares of Class A common stock of the Issuer subject to unvested restricted stock units ("RSUs") granted pursuant to the Roan Resources, Inc. Amended and Restated Management Incentive Plan (the "Plan"), which became fully vested at the Effective Time and converted into a right to receive $1.52 in cash per RSU, less applicable taxes and withholdings.
- [F3]Performance share units ("PSUs") granted pursuant to the Plan that each represented a contingent right to receive one share of Class A common stock of the Issuer, subject to achievement of certain performance goals. At the Effective Time, all outstanding PSUs were cancelled for no consideration.
Documents
Issuer
Pressburg, LLC
CIK 0001326428
Entity typeother
Related Parties
1- filerCIK 0001704322
Filing Metadata
- Form type
- 4
- Filed
- Dec 5, 7:00 PM ET
- Accepted
- Dec 6, 3:52 PM ET
- Size
- 8.6 KB