REX ENERGY CORP 4
4 · REX ENERGY CORP · Filed Jun 2, 2016
Insider Transaction Report
Form 4
REX ENERGY CORPREXX
HIGBEE JOHN W
Director
Transactions
- Disposition to Issuer
Common Stock
2016-05-31−21,236→ 73,763 total - Exercise/Conversion
Common Stock
2016-05-31+21,236→ 94,999 total - Exercise/Conversion
Phantom Stock
2016-05-31$0.74/sh+21,236$15,715→ 0 totalFrom: 2016-06-01Exp: 2016-06-01→ Common Stock (21,236 underlying)
Footnotes (1)
- [F1]This filing represents the deemed conversion of phantom stock into cash. On May 31, 2016, the reporting person had awards of phantom stock that vested in accordance with the provisions in grants made on December 15, 2013, December 15, 2014, and October 1, 2015. 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 $.74 per share, based on the market closing price on May 31, 2016. No shares were actually issued, converted, or sold in connection with this transaction.