4//SEC Filing
ULTRA PETROLEUM CORP 4
Accession 0001209191-17-026816
CIK 0001022646operating
Filed
Apr 12, 8:00 PM ET
Accepted
Apr 13, 1:51 PM ET
Size
11.2 KB
Accession
0001209191-17-026816
Insider Transaction Report
Form 4
HELTON DR WILLIAM CHARLES
Director
Transactions
- Other
Common Stock
2017-04-12−812,654→ 0 total - Other
Common Stock
2017-04-12+423,849→ 423,849 total - Award
Restricted Stock Units
2017-04-12+47,331→ 47,331 total→ Common Stock (47,331 underlying)
Footnotes (6)
- [F1]On April 29, 2016, the Issuer and each of its subsidiaries, including Keystone Gas Gathering, LLC, Ultra Resources, Inc., Ultra Wyoming, Inc., Ultra Wyoming LGS, LLC, UP Energy Corporation, UPL Pinedale, LLC and UPL Three Rivers Holdings, LLC (collectively, with the Issuer, the "Debtors"), filed voluntary petitions in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the "Bankruptcy Court") seeking relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code. On March 14, 2017, the Bankruptcy Court entered an order confirming the Debtors' Second Amended Joint Chapter 11 Plan of Reorganization, dated as of March 10, 2017 (as amended, modified or supplemented from time to time, the "Plan"), and on April 12, 2017 (the "Effective Date"), the Plan became effective pursuant to its terms and the Debtors emerged from bankruptcy.
- [F2]On the Effective Date, all outstanding shares of the Issuer's common stock ("Old Common Stock") were cancelled and extinguished.
- [F3]New shares of the Issuer's common stock, no par value per share (the "New Shares") were issued to the Reporting Person pursuant to the Plan in exchange for Old Common Stock held by the Reporting Person on the Effective Date under the Plan. The Reporting Person received 0.521562 New Shares for every share of Old Common Stock held by the Reporting Person on the Effective Date. The receipt of New Shares was involuntary, without consideration and in accordance with the Plan approved by the Bankruptcy Court. The number of New Shares listed for the Reporting Person also reflects a correction of an inadvertent error in the reporting of initial beneficial securities owned by the Reporting Person on the Form 3 for the Reporting Person filed May 2, 2016.
- [F4]Each restricted stock unit ("Restricted Stock Unit") represents a contingent right to receive one New Share.
- [F5]In accordance with the Plan, the Reporting Person received an award of Restricted Stock Units.
- [F6]The Restricted Stock Units will vest as follows: (i) one-third (1/3) on the date such Restricted Stock Units are converted and the New Shares underlying such Restricted Stock Units are actually delivered to Reporting Person; (ii) one-third (1/3) if the enterprise value as provided for in the Plan (the "Enterprise Value") equals or exceeds $6.0 billion; and (iii) one-third (1/3) if the Enterprise Value equals or exceeds $6.6 billion.
Documents
Issuer
ULTRA PETROLEUM CORP
CIK 0001022646
Entity typeoperating
IncorporatedYukon, Canada
Related Parties
1- filerCIK 0001022646
Filing Metadata
- Form type
- 4
- Filed
- Apr 12, 8:00 PM ET
- Accepted
- Apr 13, 1:51 PM ET
- Size
- 11.2 KB