Schwartz Dirk A 4
4 · ABRAXAS PETROLEUM CORP · Filed Apr 4, 2018
Insider Transaction Report
Form 4
Schwartz Dirk A
VP - Business Development
Transactions
- Award
Abraxas Petroleum Corp Common Stock
2018-04-01$2.19/sh+27,397$59,999→ 72,669 total - Purchase
Abraxas Petroleum Corp Common Stock
2018-03-31$2.20/sh+4,308$9,478→ 16,147 total(indirect: 401-K) - Exercise/Conversion
Performance-based Restricted Stock Unit
2018-04-01+27,397→ 27,397 totalExercise: $0.00→ Abraxas Petroleum Common Stock (27,397 underlying)
Holdings
- 17,000
Employee Stock Option
Exercise: $3.15From: 2018-03-11Exp: 2024-03-11→ Abraxas Petroleum Corp Common Stock (17,000 underlying) - 20,000
Employee Stock Option
Exercise: $3.67From: 2017-12-02Exp: 2023-12-02→ Abraxas Petroleum Corp Common Stock (20,000 underlying) - 100,000
Employee Stock Option
Exercise: $1.67From: 2018-08-08Exp: 2027-08-08→ Abraxas Petroleum Common Stock (100,000 underlying) - 24,000
Employee Stock Option
Exercise: $0.97From: 2020-03-15Exp: 2026-03-15→ Abraxas Petroleum Corp Common Stock (24,000 underlying)
Footnotes (3)
- [F1]Employer match to 40-K for the year ended December 31, 2017.
- [F2]Each performance-based restricted stock unit (RSU) represents the right to receive, following vesting, up to 200% of one share of Abraxas Petroleum common stock. The resulting number of shares of Abraxas Petroleum common stock acquired upon vesting of the performance based RSU is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three year period beginning April 1, 2018 and ending April 1, 2021.
- [F3]Unless earlier forfeited under the terms of the performance-based RSUs, each performance based vest and converts into no more than 200% of one share of Abraxas Petroleum common stock.