Sanchez Patricio D. 4
4 · Sanchez Energy Corp · Filed Mar 5, 2019
Insider Transaction Report
Form 4
Sanchez Patricio D.
Executive Vice President
Transactions
- Disposition to Issuer
Common Stock
2019-03-01$0.26/sh−17,331$4,506→ 900,879 total - Tax Payment
Common Stock
2019-03-01$0.26/sh−6,820$1,773→ 894,059 total - Exercise/Conversion
Common Stock
2019-03-01+17,331→ 918,210 total - Exercise/Conversion
Phantom Stock
2019-03-01−17,331→ 0 totalFrom: 2019-03-01Exp: 2019-03-01→ Common Stock (17,331 underlying)
Holdings
- 371,836(indirect: By Trust)
Common Stock
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]These shares are owned directly by 1988 Trust No. 14. Reporting Person is a co-trustee, along with A. R. Sanchez, Jr., and a beneficiary of 1988 Trust No. 14. Reporting Person may be deemed to share voting and dispositive power over the shares held by 1988 Trust No. 14. Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership by Reporting Person of the reported securities for purposes of Section 16 or any other purpose.
- [F3]Phantom stock is payable only in cash, which vests in equal annual increments over a five-year period.