4//SEC Filing
Butcher Pamela R 4
Accession 0001104659-23-088223
CIK 0000077877other
Filed
Aug 6, 8:00 PM ET
Accepted
Aug 7, 12:55 PM ET
Size
7.5 KB
Accession
0001104659-23-088223
Insider Transaction Report
Form 4
PDC ENERGY, INC.PDCE
Butcher Pamela R
Director
Transactions
- Disposition to Issuer
Common Stock
2023-08-07−4,787→ 0 total - Disposition to Issuer
Restricted Stock Units
2023-08-07−2,683→ 0 total
Footnotes (2)
- [F1]On August 7, 2023, pursuant to the Agreement and Plan of Merger dated as of May 21, 2023 (the "Merger Agreement"), by and among Chevron Corporation ("Chevron"), Bronco Merger Sub Inc. ("Merger Sub") and PDC Energy, Inc. ("PDC"), Merger Sub merged with and into PDC (the "Merger"), with PDC surviving the Merger as a direct, wholly-owned subsidiary of Chevron. Pursuant to the Merger Agreement, each share of PDC common stock issued and outstanding immediately prior to the effective time of the Merger was converted into the right to receive 0.4638 of a share of Chevron common stock. On August 4, 2023 (the day prior to the Merger), the closing price of one share of Chevron common stock was $159.31.
- [F2]Pursuant to the Merger Agreement, each award of restricted stock units of PDC granted to a non-employee member of the Board of Directors of PDC, whether or not vested (each a "PDC RSU Award"), was cancelled and converted into the right to receive the number (rounded to the nearest whole number) of shares of Chevron common stock determined by multiplying (i) the number of shares of PDC common stock subject to such PDC RSU Award immediately prior to the effective time of the Merger by (ii) 0.4638.
Documents
Issuer
PDC ENERGY, INC.
CIK 0000077877
Entity typeother
Related Parties
1- filerCIK 0001687901
Filing Metadata
- Form type
- 4
- Filed
- Aug 6, 8:00 PM ET
- Accepted
- Aug 7, 12:55 PM ET
- Size
- 7.5 KB