PostRock Energy Corp 4
4 · PostRock Energy Corp · Filed Jun 11, 2015
Insider Transaction Report
Form 4
Edwards Clark
Vice President-Operations
Transactions
- Award
Employee Stock (Option to Buy)
2015-04-02+37,935→ 37,935 totalExercise: $1.84Exp: 2020-04-02→ Common Stock (37,935 underlying) - Award
Phantom Stock
2015-04-02$1.84/sh+23,709.23$43,625→ 43,703.42 total→ Common Stock (23,709.23 underlying)
Footnotes (3)
- [F1]This option vests in three equal annual installments beginning on 04/02/2016.
- [F2]The shares of phantom stock vest in three equal annual installments beginning on the first anniversary of the grant date. The vested shares of phantom stock become payable in cash or common stock (with any fractional shares paid in cash), at the election of the recipient, following the occurrence of qualifying distribution events specified in the plan. Each share of phantom stock is issued under the issuer's deferred compensation plan and is the economic equivalent of one share of common stock.
- [F3]The number of derivative securities beneficially owned following the reported transaction also reflects a 10:1 reverse stock split of the issuer's common stock, which became effective on January 2, 2015.