REX ENERGY CORP 4
4 · REX ENERGY CORP · Filed Aug 4, 2015
Insider Transaction Report
Form 4
REX ENERGY CORPREXX
Tipton Todd N
Director
Transactions
- Disposition to Issuer
Common Stock
2015-08-01−280→ 26,970 total - Exercise/Conversion
Common Stock
2015-08-01+280→ 26,970 total - Exercise/Conversion
Phantom Stock
2015-08-01$2.24/sh−280$627→ 10,353 totalFrom: 2015-08-01Exp: 2015-08-01→ Common Stock (280 underlying)
Footnotes (1)
- [F1]This filing represents the deemed conversion of phantom stock into cash. On August 1, 2015, the reporting person had an award of phantom stock that vested in accordance with the provisions in a grant made on August 1, 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 $2.24 per share, based on the market closing price on July 31, 2015. No shares were actually issued, converted, or sold in connection with this transaction.