Calhoun Clinton Jayson 4
4 · Chaparral Energy, Inc. · Filed Sep 3, 2019
Insider Transaction Report
Form 4
Calhoun Clinton Jayson
See Remarks
Transactions
- Award
Restricted Stock Units
2019-08-30+90,000→ 90,000 totalExercise: $0.00→ Restricted Stock Units (90,000 underlying)
Footnotes (1)
- [F1]Includes 45,000 restricted stock units that vest based on passage of time ("time units") and 45,000 restricted stock units that vest based on both passage of time and the achievement of performance thresholds ("performance units"), all granted under the Chaparral Energy, Inc. 2019 Long-Term Incentive Plan, dated June 28, 2019, and settleable, at the company's option, in shares of Class A common stock or cash of equivalent value. The time units will vest ratably on August 30, 2020, August 30, 2021, and August 30, 2022, subject to continued employment through the vesting date. On each of August 30, 2020, August 30, 2021, and August 30, 2022, one-third of the performance units multiplied by a factor ranging from 0 to 1.5 will vest, subject to continued employment through the vesting date and the performance of the share price of the company's Class A common stock during the preceding year as compared to the performance of the share price of the common stock of peer companies.