SOUTHWESTERN ENERGY CO 4
4 · SOUTHWESTERN ENERGY CO · Filed Jan 23, 2015
Insider Transaction Report
Form 4
Anders Josh C
Controller and CAO
Transactions
- Purchase
Depositary Shares (Series B Mandatory Preferred Interest)
2015-01-21+5,000→ 5,000 total→ Common Stock (9,251 underlying)
Holdings
- 12,084
Common Stock
- 101.85(indirect: By 401(k))
Common Stock
Footnotes (1)
- [F1]Each Depositary Share represents a 1/20th interest in a share of the Issuer's 6.25% Series B Mandatory Convertible Preferred Stock, $0.01 par value per share (the "Series B Preferred Stock"). At any time prior to January 15, 2018, a holder of 20 Depositary Shares may cause the conversion of one share of the Series B Preferred Stock into a number of shares of the Issuer's Common Stock equal to the minimum conversion rate of 37.0028, subject to adjustments for certain fundamental changes (as defined). Thus, each Depositary Share will convert into 1.85014 shares of Common Stock, subject to adjustment. On approximately January 15, 2018, the Depositary Shares mandatorily convert to Common Stock at a conversion rate ranging from 1.85014 to 2.17391 shares of Common Stock per Depositary Share (or a Series B Preferred Stock to Common Stock conversion rate ranging from 37.0028 to 43.4782 shares), subject to adjustment.