HONEYFIELD DAVID W 4/A
4/A · ULTRA PETROLEUM CORP · Filed May 26, 2020
Insider Transaction Report
Form 4/AAmended
ULTRA PETROLEUM CORPUPLCQ
HONEYFIELD DAVID W
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2020-03-01$0.09/sh−17,379$1,488→ 450,990 total - Exercise/Conversion
Restricted Stock Units
2020-03-01−59,952→ 1,025,024 total→ Common Stock (59,952 underlying) - Exercise/Conversion
Common Stock
2020-03-01+59,952→ 468,369 total
Footnotes (4)
- [F1]Such time-based restricted stock units converted on a one-for-one basis.
- [F2]On March 10, 2019, the Reporting Person was granted 179,856 time-based restricted stock units, scheduled to vest, if at all, in three equal annual installments beginning on March 1, 2020.
- [F3]Following the transaction reported herein, 136,352 of such remaining restricted stock units are time-based and will vest, if at all, in two equal annual installments beginning on November 9, 2020. 119,904 of the restricted stock units set forth in box 9 of this Form 4 are time-based and will vest, if at all, in two equal annual installments beginning March 1, 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) 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.