Midstates Petroleum Company, Inc. 4
4 · Midstates Petroleum Company, Inc. · Filed Nov 25, 2016
Insider Transaction Report
Form 4
Reddin Michael
Director
Transactions
- Award
Restricted Stock Unit
2016-11-23+8,901→ 8,901 total→ Common Stock (8,901 underlying) - Award
Restricted Stock Unit
2016-11-23+12,716→ 21,617 total→ Common Stock (12,716 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- [F2]Pursuant to the Issuer's 2016 Long Term Incentive Plan (the "Plan"), the Reporting Person received an award of restricted stock units which will vest on the first to occur of (i) December 31, 2017, (ii) the date the Reporting Person ceases to be a director of the board of directors of the Issuer (other than for cause), (iii) the Reporting Person's death, (iv) the Reporting Person's disability or (v) a change in control of the Issuer. Subject to certain exceptions, delivery shall be made within ten days following the applicable vesting date.
- [F3]Pursuant to the Plan, the Reporting Person received an award of restricted stock units which will vest (i) on the first business day following the date on which the trailing 60 day average share price (including any dividends paid) of the Issuer's common stock is equal to or greater than $30.00 or (ii) upon a change in control of the Issuer. Subject to certain exceptions, delivery shall be made within ten days following the applicable vesting date.