Ma Adrianna 4
4 · Jagged Peak Energy Inc. · Filed Jan 14, 2020
Insider Transaction Report
Form 4
Ma Adrianna
Director
Transactions
- Disposition to Issuer
Common Stock
2020-01-10−19,393→ 0 total
Footnotes (2)
- [F1]On January 10, 2020, pursuant to the Agreement and Plan of Merger dated as of October 14, 2019 (the "Merger Agreement"), by and among Parsley Energy, Inc. ("Parsley"), Jackal Merger Sub, Inc. ("Merger Sub") and Jagged Peak Energy Inc. ("JAG"), Merger Sub merged with and into JAG (the "Merger"), with JAG surviving the Merger as a wholly-owned subsidiary of Parsley. Pursuant to the Merger Agreement, each share of JAG common stock issued and outstanding immediately prior to the effective time of the Merger was converted into the right to receive 0.447 shares of Parsley Class A common stock. In addition, pursuant to the Merger Agreement, each restricted stock unit ("RSU") that was outstanding as of immediately prior to the effective time of the Merger was converted into an award with the right to receive a number of shares of Parsley Class A common stock that is equal to the product of (a) the number of shares of JAG common stock subject to such award of RSUs, and (b) 0.447, rounded down to the nearest whole share of Parsley Class A common stock.
- [F2]On January 9, 2020 (the day prior to the effective time of the Merger), the closing price of one share of Parsley Class A common stock was $18.44.