4//SEC Filing
Gastar Exploration Inc. 4
Accession 0001209191-17-043684
CIK 0001431372operating
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 6:34 PM ET
Size
13.1 KB
Accession
0001209191-17-043684
Insider Transaction Report
Form 4
Gerlich Michael A
Secretary and Treasurer
Transactions
- Exercise/Conversion
Common Stock
2017-06-30+171,310→ 1,306,043 total - Exercise/Conversion
2017 Performance Based Units
2017-06-30+171,310→ 171,310 total→ Common Stock (171,310 underlying) - Exercise/Conversion
Restricted Stock Units
2017-06-30−171,310→ 0 total→ Common Stock (171,310 underlying) - Exercise/Conversion
Performance Based Rights Units
2017-06-30−171,310→ 0 total→ Common Stock (171,310 underlying)
Footnotes (4)
- [F1]Represents 171,310 restricted shares of common stock acquired in connection with shareholder approval of the Second Amendment to the Amended and Restated Gastar Exploration Inc. Long-Term Incentive Plan (the "Plan") which resulted in the conversion of previously granted restricted stock units ("RSUs") into restricted shares of common stock on June 30, 2017. The restricted shares will continue vesting on the same vesting schedules as the previously granted RSUs in three substantially equal installments on each anniversary of January 30, 2017.
- [F2]Includes 343,902 shares acquired on various dates pursuant to previously reported restricted share grants that will vest subject to previously disclosed vesting schedules.
- [F3]Not applicable.
- [F4]Represents 171,310 performance-based units ("PBUs") acquired in connection with shareholder approval of the Plan which resulted in the conversion of previously granted performance-based rights units into PBUs on June 30, 2017. The PBUs vest in their entirety at the end of a three-year performance period with settlement in common stock between 0% and 200% (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 Plan) of the target award based on the Gastar Exploration Inc.'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.
Documents
Issuer
Gastar Exploration Inc.
CIK 0001431372
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001431372
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 6:34 PM ET
- Size
- 13.1 KB