REX ENERGY CORP 4

4 · REX ENERGY CORP · Filed Dec 16, 2014

Form 4

Period: 2014-12-15

Director

Transactions

Exercise/Conversion
Common Stock
2014-12-15+680→ 8,898 total
Award
Common Stock
2014-12-15$4.59/sh+13,072$60,000→ 21,970 total
Exercise/Conversion
Phantom Stock
2014-12-15$5.18/sh+680$3,522→ 1,919 total
From: 2014-12-15Exp: 2014-12-15→ Common Stock (680 underlying)
Disposition to Issuer
Common Stock
2014-12-15−680→ 8,898 total
Award
Phantom Stock
2014-12-15+8,714→ 10,633 total
→ Common Stock (8,714 underlying)

Footnotes (3)

[F1]This filing represents the deemed conversion of phantom stock into cash. On December 15, 2014, the reporting person had an award of phantom stock that vested in accordance with the provisions in a grant made on December 15, 2013. Each share of phantom stock was the economic equivalent of one share of REXX common stock. The phantom shares were settled in cash valued at $5.18 per share, based on the market closing price on December 12, 2014. No shares were actually issued, converted, or sold in connection with this transaction.
[F2]Represents shares of restricted stock granted pursuant to the Issuer's 2007 Long-Term Incentive Plan, as amended. Shares vest pro rata on September 1, 2015; September 1, 2016; and September, 1, 2017.
[F3]Represents shares of phantom stock granted pursuant to the Issuer's 2007 Long-Term Incentive Plan, as amended, that are the economic equivalent of shares of stock. The shares of phantom stock are payable in cash upon vesting in accordance with the vesting schedule described in footnote 2.

Documents

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