REX ENERGY CORP 4
4 · REX ENERGY CORP · Filed Jun 5, 2017
Insider Transaction Report
Form 4
REX ENERGY CORPREXX
Aydin Jack N
Director
Transactions
- Exercise/Conversion
Phantom Stock
2017-06-01$2.91/sh−160$466→ 3,213 totalFrom: 2017-06-01Exp: 2017-06-01→ Common Stock (160 underlying) - Disposition to Issuer
Common Stock
2017-06-01−160→ 6,545 total - Exercise/Conversion
Common Stock
2017-06-01+160→ 6,705 total
Footnotes (1)
- [F1]This filing represents the deemed conversion of phantom stock into cash. On June 1, 2017, the reporting person had an award of phantom stock that vested in accordance with the provisions in a grant made on June 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 $2.91 per share, based on the market closing price on May 31, 2017. No shares were actually issued, converted, or sold in connection with this transaction.