4/A//SEC Filing
HULBURT BENJAMIN WARD 4/A
Accession 0001209191-18-036253
CIK 0001600470other
Filed
Jun 6, 8:00 PM ET
Accepted
Jun 7, 1:52 PM ET
Size
18.8 KB
Accession
0001209191-18-036253
Insider Transaction Report
Form 4/AAmended
HULBURT BENJAMIN WARD
DirectorPresident and CEO
Transactions
- Award
Common Stock
2018-02-23$1.67/sh+415,461$693,820→ 1,838,193 total - Exercise/Conversion
Common Stock
2018-02-23+58,979→ 1,438,939 total - Tax Payment
Common Stock
2018-02-23$1.67/sh−16,207$27,066→ 1,422,732 total - Tax Payment
Common Stock
2018-02-24$1.70/sh−57,516$97,777→ 1,780,677 total - Tax Payment
Common Stock
2018-02-24$1.70/sh−18,007$30,612→ 1,762,670 total - Exercise/Conversion
Restricted Stock Units
2018-02-23−58,979→ 0 total→ Common Stock (58,979 underlying) - Award
Performance Stock Units
2018-02-23+415,461→ 0 total→ Common Stock (415,461 underlying)
Holdings
- 993,315(indirect: See footnote)
Common Stock
Footnotes (8)
- [F1]On February 23, 2015, the reporting person was granted 176,938 restricted stock units, with each unit representing the right to receive one share of the issuer's common stock. The final 33.33% of the total shares underlying the restricted stock units vested on February 23, 2018.
- [F2]Represents shares withheld to satisfy tax obligations upon the vesting of the restricted stock on February 23, 2018.
- [F3]Represents restricted stock units representing the right to receive one share of common stock per unit granted on February 23, 2018 under the Company's 2014 Long-Term Incentive Plan, as amended, which vest in three equal installments of 33.33%, 33.33% and 33.33% on February 23, 2019, February 23, 2020 and February 23, 2021, respectively (the "2018 RSU Grant").
- [F4]On February 24, 2017, the reporting person was granted 627,907 restricted stock units, with each unit representing the right to receive one share of the issuer's common stock. 33.33% of the total shares underlying the restricted stock units vested on February 24, 2018. The remaining restricted stock units will vest 33.33% on February 24, 2019 and 33.33% on February 24, 2020.
- [F5]Represents shares withheld to satisfy tax obligations upon the vesting in full of restricted stock units for an award that the Reporting Person was granted on February 24, 2017 in the amount of 65,529 restricted stock units, with each unit representing the right to receive one share of the issuer's common stock.
- [F6]Represents shares of the issuer's stock held by The Hulburt Family II Limited Partnership, which is controlled by the Reporting Person.
- [F7]Represents performance stock units representing the right to receive one share of common stock per unit granted on February 23, 2018 under the Company's 2014 Long-Term Incentive Plan, as amended, the vesting of which is subject to the satisfaction of certain performance criteria in the period beginning January 1, 2018 and ending on December 31, 2020 (the "2018 PSU Grant").
- [F8]The original Form 4 filed on February 23, 2018 is amended by this Form 4 amendment solely to correct the following typographical errors (i) the 2018 RSU Grant was made on February 23, 2018 (not March 23, 2018 as reported in Table I of the original Form 4) and (ii) the 2018 PSU Grant consisted of 415,461 performance stock units (not 4,154,461 performance stock units as reported in Table II of the original Form 4).
Documents
Issuer
Eclipse Resources Corp
CIK 0001600470
Entity typeother
Related Parties
1- filerCIK 0001350347
Filing Metadata
- Form type
- 4/A
- Filed
- Jun 6, 8:00 PM ET
- Accepted
- Jun 7, 1:52 PM ET
- Size
- 18.8 KB