Aydin Jack N 4
4 · REX ENERGY CORP · Filed Sep 5, 2017
Insider Transaction Report
Form 4
REX ENERGY CORPREXX
Aydin Jack N
Director
Transactions
- Exercise/Conversion
Common Stock
2017-09-01+1,182→ 4,227 total - Disposition to Issuer
Common Stock
2017-09-01−1,182→ 3,045 total - Exercise/Conversion
Phantom Stock
2017-09-01$2.29/sh−1,182$2,707→ 2,031 totalFrom: 2017-09-01Exp: 2017-09-01→ Common Stock (1,182 underlying)
Footnotes (2)
- [F1]This filing represents the deemed conversion of phantom stock into cash. On September 1, 2017, the reporting person had phantom stock awards that vested in accordance with the provisions in grants made on October 1, 2015, and October 1, 2016. Each share of phantom stock was the economic equivalent of one share of REXX common stock. The phantom shares were settled in cash based on the market closing price on August 31, 2017. No shares were actually issued, converted, or sold in connection with this transaction.
- [F2]Beneficial ownership reflects a 10 for 1 reverse stock split that was effective May 15, 2017.