Heinson Christopher 4
4 · Sanchez Energy Corp · Filed Mar 5, 2018
Insider Transaction Report
Form 4
Heinson Christopher
Senior VP & COO
Transactions
- Exercise/Conversion
Common Stock
2018-03-01+16,349→ 595,371 total - Disposition to Issuer
Common Stock
2018-03-01$3.03/sh−16,349$49,537→ 579,022 total - Sale
Common Stock
2018-03-02$2.98/sh−6,540$19,496→ 572,482 total - Exercise/Conversion
Phantom Stock
2018-03-01−16,349→ 0 totalFrom: 2018-03-01Exp: 2018-03-01→ Common Stock (16,349 underlying)
Footnotes (3)
- [F1]Each share of phantom stock is the economic equivalent of one share of the Issuer's common stock, par value $0.01 per share. The Reporting Person settled 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 the Reporting Person and was used to satisfy the Reporting Person's federal income tax obligations with respect to the vesting of equity awards.
- [F3]Phantom stock is payable only in cash, which vests in equal annual increments over a five year period.