4//SEC Filing
Ale John C. 4
Accession 0001127602-20-020916
CIK 0000007332other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 4:31 PM ET
Size
19.9 KB
Accession
0001127602-20-020916
Insider Transaction Report
Form 4
Ale John C.
Sr. VP and General Counsel
Transactions
- Exercise/Conversion
Restricted Stock Unit
2020-06-30−158,040→ 0 total→ Common Stock (158,040 underlying) - Exercise/Conversion
Common Stock
2020-06-30+158,040→ 454,011 total - Exercise/Conversion
Restricted Stock Unit
2020-06-30−106,375→ 0 totalExercise: $0.00→ Common Stock (106,375 underlying) - Exercise/Conversion
Common Stock
2020-06-30+106,375→ 319,374 total - Tax Payment
Common Stock
2020-06-30$2.56/sh−23,403$59,912→ 295,971 total - Tax Payment
Common Stock
2020-06-30$2.56/sh−49,661$127,132→ 404,350 total - Exercise/Conversion
Common Stock
2020-06-30+378,903→ 783,253 total - Tax Payment
Common Stock
2020-06-30$2.56/sh−149,099$381,693→ 634,154 total - Exercise/Conversion
Restricted Stock Unit
2020-06-30−378,903→ 0 total→ Common Stock (378,903 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit ("RSU") has the economic equivalent of one share of Southwestern Energy Company ("SWN") common stock. The RSUs vesting on June 30, 2020 were settled in common stock based on the closing price of SWN common stock on the vesting date.
- [F2]On February 27, 2018, the reporting person was granted RSUs vesting in four equal installments beginning on the first anniversary of the grant date, or immediately upon death, disability, retirement at age 65 with required years of service, or a change in control. Vesting units will be settled in shares of SWN common stock, cash, or a combination of shares of SWN common stock and cash.
- [F3]On February 26, 2019, the reporting person was granted RSUs, vesting in four equal installments beginning on the first anniversary of the grant date, or immediately upon death, disability, retirement at age 65 with the required years of service, or a change in control. Vesting RSUs will be settled in shares of SWN common stock, cash, or a combination of shares of SWN common stock and cash.
- [F4]On February 26, 2020, the reporting person was granted restricted stock units, vesting in four equal installments beginning on the first anniversary of the grant date, or immediately upon death, disability, retirement at age 65 with required years of service, or a change in control. Each restricted stock unit that vests will entitle the holder to receive, payable in common stock or cash at the Compensation Committee's option, a value based on an adjusted stock price, calculated as the sum of (1) the closing stock price on the date of grant and (2) 50 percent of the difference between (a) the closing stock price on the date of vesting and (b) the closing stock price on the date of grant. The reporting person received 378,903 shares of common stock in settlement of the restricted stock units granted on February 26, 2020. In accordance with the terms of the award agreement, the number of shares of common stock are less than the number of restricted stock units granted.
Documents
Issuer
SOUTHWESTERN ENERGY CO
CIK 0000007332
Entity typeother
Related Parties
1- filerCIK 0001548336
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 4:31 PM ET
- Size
- 19.9 KB