Heinson Christopher 4

4 · Sanchez Energy Corp · Filed Apr 18, 2018

Form 4

Period: 2018-04-16

Senior VP & COO

Transactions

Disposition to Issuer
Common Stock
2018-04-16$3.74/sh−66,667$249,335→ 572,482 total
Exercise/Conversion
Common Stock
2018-04-16+66,667→ 639,149 total
Award
Common Stock
2018-04-17+186,916→ 759,398 total
Sale
Common Stock
2018-04-17$3.72/sh−13,203$49,062→ 746,195 total
Exercise/Conversion
Phantom Stock
2018-04-16−66,667→ 0 total
From: 2018-04-16Exp: 2018-04-16→ Common Stock (66,667 underlying)
Award
Phantom Stock
2018-04-17+186,916→ 186,916 total
From: 2021-04-19Exp: 2021-04-19→ Common Stock (186,916 underlying)

Footnotes (5)

[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]Represents a grant of restricted stock Reporting Person received from the Issuer.
[F3]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.
[F4]Phantom stock is payable only in cash, which vests in equal annual increments over a three-year period.
[F5]Each share of phantom stock is the economic equivalent of one share of the Issuer's common stock, par value $0.01 per share.

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