Thill Howard J SR 4
4 · Sanchez Energy Corp · Filed Oct 12, 2017
Insider Transaction Report
Form 4
Thill Howard J SR
Executive VP - CFO
Transactions
- Exercise/Conversion
Phantom Stock
2017-10-10−58,333→ 116,667 total→ Common Stock (58,333 underlying) - Disposition to Issuer
Common Stock
2017-10-10$4.41/sh−58,333$257,249→ 275,000 total - Sale
Common Stock
2017-10-12$4.26/sh−16,499$70,368→ 258,501 total - Exercise/Conversion
Common Stock
2017-10-10+58,333→ 333,333 total
Footnotes (2)
- [F1]On October 10, 2016, Reporting Person was granted 175,000 shares of phantom stock. Each share of phantom stock is the economic equivalent of one share of Issuer's common stock, par value $0.01 per share. The 175,000 shares of phantom stock vest in equal annual installments over three years. Reporting Person settled one-third of his shares of phantom stock for cash.
- [F2]The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan established by Reporting Person and was used to satisfy Reporting Person's federal income tax obligations with respect to the vesting of equity awards.