4//SEC Filing
Reynolds Kermit Earl 4
Accession 0000899243-19-030168
CIK 0001346980other
Filed
Dec 29, 7:00 PM ET
Accepted
Dec 30, 4:26 PM ET
Size
8.4 KB
Accession
0000899243-19-030168
Insider Transaction Report
Form 4
Reynolds Kermit Earl
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Class A Common Stock
2019-12-27−173,311→ 215,179 total - Disposition to Issuer
Restricted Stock Units
2019-12-27−350,000→ 0 total→ Class A Common Stock (350,000 underlying)
Footnotes (3)
- [F1]As a result of Mr. Reynolds' resignation as an employee of Chaparral Energy, Inc. (the "Issuer") on December 27, 2019, a total of 173,311 unvested shares of restricted Class A common stock, par value $0.01 per share ("Common Stock"), of the Issuer were forfeited back to the Issuer. This forfeiture is exempt from Sections 16(a) and 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act") pursuant to Rules 16a-4(d) and 16b-6(d), respectively, under the Exchange Act. Effective as of December 20, 2019, Mr. Reynolds resigned as an officer and director of the Issuer and each of its subsidiaries, but remained an employee until December 27, 2019.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Common Stock upon vesting and settlement.
- [F3]As a result of Mr. Reynolds' resignation as an employee of the Issuer on December 27, 2019, a total of 350,000 RSUs were forfeited back to the Issuer. Of these forfeited RSUs, 175,000 RSUs would have vested based on passage of time and 175,000 RSUs would have vested based on both passage of time and the achievement of performance thresholds, all granted under the Issuer's 2019 Long-Term Incentive Plan. This forfeiture is exempt from Sections 16(a) and 16(b) of the Exchange Act pursuant to Rules 16a-4(d) and 16b-6(d), respectively, under the Exchange Act.
Documents
Issuer
Chaparral Energy, Inc.
CIK 0001346980
Entity typeother
Related Parties
1- filerCIK 0001747232
Filing Metadata
- Form type
- 4
- Filed
- Dec 29, 7:00 PM ET
- Accepted
- Dec 30, 4:26 PM ET
- Size
- 8.4 KB