4//SEC Filing
KERR KASON 4
Accession 0001022646-20-000027
CIK 0001022646other
Filed
Sep 14, 8:00 PM ET
Accepted
Sep 15, 2:31 PM ET
Size
7.5 KB
Accession
0001022646-20-000027
Insider Transaction Report
Form 4
ULTRA PETROLEUM CORPUPLCQ
KERR KASON
See Remarks
Transactions
- Sale
Common Stock
2020-09-11$0.01/sh−100,000$620→ 20,334 total
Holdings
- 226,666
Restricted Stock Units
→ Common Stock (226,666 underlying)
Footnotes (4)
- [F1]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.0061 to $0.0066, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range stated.
- [F2]Each restricted stock units represents a contingent right to receive one common share of the Company.
- [F3]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
- Sep 14, 8:00 PM ET
- Accepted
- Sep 15, 2:31 PM ET
- Size
- 7.5 KB