4//SEC Filing
SOUTHWESTERN ENERGY CO 4
Accession 0001127602-15-017647
CIK 0000007332operating
Filed
May 17, 8:00 PM ET
Accepted
May 18, 4:16 PM ET
Size
12.0 KB
Accession
0001127602-15-017647
Insider Transaction Report
Form 4
RATHERT TERRY W
Director
Transactions
- Other
Common Stock
2015-05-14−5,000→ 3,790 total - Other
Common Stock
2015-05-14+5,000→ 5,000 total(indirect: By Partnership) - Other
Depositary Shares (series B Mandatory Preferred Interest)
2015-05-14+7,500→ 7,500 total(indirect: By Partnership)→ Common Stock (13,876 underlying) - Other
Depositary Shares (series B Mandatory Preferred Interest)
2015-05-14−7,500→ 0 total→ Common Stock (13,876 underlying)
Footnotes (2)
- [F1]On May 14, 2015, the reporting person transferred 5,000 shares of common stock and 7,500 depositary shares into a Family Limited Partnership (the "2004 FLP"). The reporting person and his spouse are the sole limited partners of the 2004 FLP and control the general partner of the 2004 FLP. Therefore, the reporting person and his spouse have indirect beneficial ownership of the transferred shares.
- [F2]Each Depositary Share represents a 1/20th interest in a share of the Issuer's 6.25% Series B Mandatory Convertible Preferred Stock, $0.01 par value per share (the "Series B Preferred Stock"). At any time prior to January 15, 2018, a holder of 20 Depositary Shares may cause the conversion of one share of the Series B Preferred Stock into a number of shares of the Issuer's Common Stock equal to the minimum conversion rate of 37.0028, subject to adjustments for certain fundamental changes (as defined). Thus, each Depositary Share will convert into 1.85014 shares of Common Stock, subject to adjustment. On approximately January 15, 2018, the Depositary Shares mandatorily convert to Common Stock at a conversion rate ranging from 1.85014 to 2.1739 shares of Common Stock per Depositary Share (or a Series B Preferred Stock to Common Stock conversion rate ranging from 37.0028 to 43.4782 shares), subject to adjustment.
Documents
Issuer
SOUTHWESTERN ENERGY CO
CIK 0000007332
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000007332
Filing Metadata
- Form type
- 4
- Filed
- May 17, 8:00 PM ET
- Accepted
- May 18, 4:16 PM ET
- Size
- 12.0 KB