Resolute Energy Corp 4
4 · Resolute Energy Corp · Filed Mar 10, 2017
Insider Transaction Report
Form 4
BRADY BOB D JR
Vice President - Operations
Transactions
- Exercise/Conversion
Common Stock
2017-03-08+2,248→ 58,534 total - Tax Payment
Common Stock
2017-03-08$38.22/sh−2,574$98,378→ 55,960 total - Exercise/Conversion
Performance Share Rights
2017-03-08−2,248→ 0 totalExp: 2017-03-08→ Common Stock (2,248 underlying)
Footnotes (5)
- [F1]Represents Outperformance shares received on satisfaction of criteria under Performance Share Rights granted in February 2014. The closing price of the Issuer's common stock on March 8, 2017, the date such shares were earned, was $38.22.
- [F2]Represents shares surrendered to Issuer to cover tax withholding obligations of the Reporting Person pursuant to Issuer's 2009 Performance Incentive Plan upon the earning of 2,248 Outperformance shares, the vesting of 2,320 shares that vested pursuant to Time-vesting criteria and 3,480 shares of restricted stock that vested pursuant to Performance-vesting criteria.
- [F3]Includes 21,309 shares of restricted stock subject to Time- and Performance- vesting criteria, which vest in annual installments in accordance with such criteria through March 8, 2020.
- [F4]Each Performance Share Right represents a right to receive up to the target number of shares of the Issuer's common stock (Outperformance Shares). Outperformance Shares are issued only upon achievement of specified thresholds of cumulative TSR compared to the cumulative TSR of a certain peer group of companies. Potential earning dates for such shares occurred in three annual installments commencing March 8, 2015 through March 8, 2017.
- [F5]Outperformance shares that were not earned as of the last vesting date are no longer eligible to be earned by the Reporting Person after such date.