4//SEC Filing
REX ENERGY CORP 4
Accession 0001181431-14-039004
CIK 0001397516operating
Filed
Dec 15, 7:00 PM ET
Accepted
Dec 16, 5:36 PM ET
Size
13.1 KB
Accession
0001181431-14-039004
Insider Transaction Report
Form 4
REX ENERGY CORPREXX
Tipton Todd N
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 totalFrom: 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
Issuer
REX ENERGY CORP
CIK 0001397516
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001397516
Filing Metadata
- Form type
- 4
- Filed
- Dec 15, 7:00 PM ET
- Accepted
- Dec 16, 5:36 PM ET
- Size
- 13.1 KB