4//SEC Filing
Solomon Mark T 4
Accession 0001022646-20-000024
CIK 0001022646other
Filed
Sep 8, 8:00 PM ET
Accepted
Sep 9, 12:52 PM ET
Size
7.3 KB
Accession
0001022646-20-000024
Insider Transaction Report
Form 4
ULTRA PETROLEUM CORPUPLCQ
Solomon Mark T
See Remarks
Transactions
- Sale
Common Stock
2020-09-08$0.01/sh−16,778$104→ 0 total
Holdings
- 186,667
Restricted Stock Units
→ Common Stock (186,667 underlying)
Footnotes (4)
- [F1]Such time-based restricted stock units converted into common stock on a one-for-one basis.
- [F2]On June 17, 2019, the Reporting Person was granted 70,000 time-based restricted stock units, scheduled to vest, if at all, in three equal annual installments beginning on June 17, 2020.
- [F3]Following the transaction reported herein, 46,667 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 on June 17, 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) 140,000 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 0001379283
Filing Metadata
- Form type
- 4
- Filed
- Sep 8, 8:00 PM ET
- Accepted
- Sep 9, 12:52 PM ET
- Size
- 7.3 KB