SWOVELAND JEFFREY C 4
4 · PDC ENERGY, INC. · Filed Oct 5, 2017
Insider Transaction Report
Form 4
PDC ENERGY, INC.PDCE
SWOVELAND JEFFREY C
Director
Transactions
- Award
Phantom Stock
2017-10-04$49.23/sh+152$7,483→ 3,580 total→ Common Stock (152 underlying)
Footnotes (1)
- [F1]The shares were acquired by the trustee for $49.23 per share pursuant to PDC's Non-Employee Director Deferred Compensation Plan. Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock are held in a rabbi trust and become payable in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service as a director.