Gastar Exploration Inc. 4

Accession 0001209191-16-095065

CIK 0001431372operating

View on SEC.gov Company Profile

Filed

Feb 1, 7:00 PM ET

Accepted

Feb 2, 8:30 PM ET

Size

19.8 KB

Accession

0001209191-16-095065

Insider Transaction Report

Form 4

Period: 2016-01-30

Gastar Exploration Inc.GST

Gerlich Michael A

Secretary and Treasurer

Transactions

Award
Common Stock
2016-01-30+191,176→ 1,115,041 total
Exercise/Conversion
2013 Performance Based Units
2016-01-30−80,100→ 0 total
Exercise: $0.00Exp: 2016-01-30→ Common Stock (80,100 underlying)
Award
2016 Performance Based Units
2016-01-30+191,176→ 191,176 total
Exercise: $0.00Exp: 2019-01-30→ Common Stock (191,176 underlying)
Tax Payment
Common Stock
2016-01-30$1.19/sh−40,887$48,656→ 1,074,154 total
Exercise/Conversion
Common Stock
2016-01-30+160,200→ 1,234,354 total
Tax Payment
Common Stock
2016-01-30$1.19/sh−45,646$54,319→ 1,188,708 total
Other
2014 Performance Based Units
2016-01-30−17,529→ 17,528 total
Exercise: $0.00Exp: 2017-01-30→ Common Stock (17,529 underlying)

Holdings

2015 Performance Based Units
Exercise: $0.00Exp: 2018-01-30→ Common Stock (135,417 underlying)
135,417

Footnotes (10)

[F1]The reported shares were acquired pursuant to a restricted share grant and will vest in three equal annual installments beginning on January 30, 2017.
[F10]The number of PBUs reported (191,176) represents the target award. As such, the number of shares that may be issued upon vesting ranges from 0 shares to 382,352 shares. **As discussed in Footnote 9 above, at the end of the performance period, the participant may earn up to 200% of the target award, subject to a maximum award limitation of one million (1,000,000) shares that may be issued to any individual in a calendar year under the Gastar Exploration Inc. Long-Term Incentive Plan.
[F2]Includes 298,985 shares acquired on various dates pursuant to previously reported restricted share grants that will vest subject to previously disclosed vesting schedules.
[F3]Shares forfeited to meet tax obligation of restricted share vesting.
[F4]Common stock acquired as a result of the 2013 performance based unit award vesting at 200% of the target award based on Gastar's share price appreciation over the performance period.
[F5]Shares forfeited to meet tax obligation of performance based unit vesting.
[F6]These performance based units ("PBUs") vest ratably over a three-year performance period as previously reported.
[F7]These PBUs vested and forfeited as a result of the 2014 PBU award settling at 0% of the target award based on Gastar's share price depreciation over the performance period.
[F8]These PBUs vest in their entirety at the end of a three-year performance period as previously reported.
[F9]These PBUs vest in their entirety at the end of the three-year performance period with settlement in common stock between 0% and 200% (**subject to limitations discussed in Footnote 10 below) of the target award based on Gastar's share price appreciation over a three-year performance period relative to a peer index. Share price appreciation is measured generally as the change in market value of common stock during the performance period. The PBUs have no voting rights but provide for dividend equivalents to be paid upon vesting.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

Gastar Exploration Inc.

CIK 0001431372

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0001431372

Filing Metadata

Form type: 4
Filed: Feb 1, 7:00 PM ET
Accepted: Feb 2, 8:30 PM ET
Size: 19.8 KB

View on SEC.gov