4//SEC Filing
KERR KASON 4
Accession 0001022646-20-000011
CIK 0001022646other
Filed
Apr 22, 8:00 PM ET
Accepted
Apr 23, 5:07 PM ET
Size
9.6 KB
Accession
0001022646-20-000011
Insider Transaction Report
Form 4
KERR KASON
See Remarks
Transactions
- Exercise/Conversion
Restricted Stock Units
2020-04-22−28,333→ 226,667 total→ Common Stock (28,333 underlying) - Exercise/Conversion
Common Stock
2020-04-22+28,333→ 128,333 total - Tax Payment
Common Stock
2020-04-22$0.03/sh−7,989$232→ 120,334 total
Footnotes (4)
- [F1]Such time-based restricted stock units converted into common stock on a one-for-one basis.
- [F2]On April 22, 2019, the Reporting Person was granted 85,000 time-based restricted stock units, scheduled to vest, if at all, in three equal annual installments beginning on April 22, 2020.
- [F3]Following the transaction reported herein, 56,666 of such remaining restricted stock units are time-based and will vest, if at all, in two equal annual installments beginning on April 22, 2021. 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.
- [F4](Continued from Footnote 3) 170,000 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.
Documents
Issuer
ULTRA PETROLEUM CORP
CIK 0001022646
Entity typeother
Related Parties
1- filerCIK 0001774187
Filing Metadata
- Form type
- 4
- Filed
- Apr 22, 8:00 PM ET
- Accepted
- Apr 23, 5:07 PM ET
- Size
- 9.6 KB