4//SEC Filing
Gerlich Michael A 4
Accession 0001209191-18-006384
CIK 0001431372other
Filed
Jan 31, 7:00 PM ET
Accepted
Feb 1, 11:59 AM ET
Size
15.1 KB
Accession
0001209191-18-006384
Insider Transaction Report
Form 4
Gerlich Michael A
Secretary and Treasurer
Transactions
- Award
Common Stock
2018-01-30+177,734→ 2,614,825 total - Tax Payment
Common Stock
2018-01-30$1.12/sh−68,952$77,226→ 2,437,091 total - Other
2015 Performance Based Units
2018-01-30−135,417→ 0 totalExercise: $0.00Exp: 2018-01-30→ Common Stock (135,417 underlying) - Award
2018 Performance Based Units
2018-01-30+177,734→ 177,734 totalExercise: $0.00Exp: 2021-01-30→ Common Stock (177,734 underlying)
Holdings
- 191,176
2016 Performance Based Units
Exercise: $0.00Exp: 2019-01-30→ Common Stock (191,176 underlying) - 171,310
2017 Performance Based Units
Exercise: $0.00Exp: 2020-01-30→ Common Stock (171,310 underlying)
Footnotes (7)
- [F1]Shares forfeited to meet tax obligation of restricted share vesting.
- [F2]Includes 1,377,934 shares acquired on various dates pursuant to previously reported restricted share grants that will vest subject to previously disclosed vesting schedules.
- [F3]The reported shares were acquired pursuant to a restricted share grant and will vest in three equal annual installments beginning on January 30, 2019.
- [F4]These PBUs vested and forfeited as a result of the 2015 PBU award settling at 0% of the target award based on Gastar's share price depreciation over the performance period.
- [F5]These PBUs vest in their entirety at the end of a three-year performance period as previously reported.
- [F6]These PBUs vest in their entirety at the end of the three-year performance period with settlement in common stock between 0% and 200% (**subject to limitations discussed in Footnote 7 below) of the target award based on Gastar'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. The PBUs have no voting rights but provide for dividend equivalents to be paid upon vesting.
- [F7]The number of PBUs reported (177,734) represents the target award. As such, the number of shares that may be issued upon vesting ranges from 0 shares to 355,468 shares. **As discussed in Footnote 6 above, at the end of the performance period, the participant may earn up to 200% of the target award, 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 Gastar Exploration Inc. Long-Term Incentive Plan.
Documents
Issuer
Gastar Exploration Inc.
CIK 0001431372
Entity typeother
Related Parties
1- filerCIK 0001348370
Filing Metadata
- Form type
- 4
- Filed
- Jan 31, 7:00 PM ET
- Accepted
- Feb 1, 11:59 AM ET
- Size
- 15.1 KB