SHANER LANCE T 4
4 · REX ENERGY CORP · Filed Sep 5, 2017
Insider Transaction Report
Form 4
REX ENERGY CORPREXX
SHANER LANCE T
DirectorChairman10% Owner
Transactions
- Exercise/Conversion
Common Stock
2017-09-01+1,473→ 332,846 total - Disposition to Issuer
Common Stock
2017-09-01−1,473→ 331,373 total - Exercise/Conversion
Phantom Stock
2017-09-01$2.29/sh−1,473$3,373→ 1,870 totalFrom: 2017-09-01Exp: 2017-09-01→ Common Stock (1,473 underlying)
Holdings
- 37,500(indirect: Shaner Capital L.P.)
Common Stock
- 48,742(indirect: Shaner Family Partners L.P.)
Common Stock
- 42,633(indirect: By Foundation)
Common Stock
- 19,999(indirect: By Trust)
Common Stock
Footnotes (3)
- [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 December 15, 2014, 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.
- [F3]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for the purpose of Section 16 or any other purpose.