4//SEC Filing
Pittman Scott Clifford 4
Accession 0001346980-20-000057
CIK 0001346980other
Filed
Apr 19, 8:00 PM ET
Accepted
Apr 20, 4:10 PM ET
Size
7.9 KB
Accession
0001346980-20-000057
Insider Transaction Report
Form 4
Pittman Scott Clifford
CFO and SVP
Transactions
- Disposition to Issuer
Restricted Stock Units
2020-04-17−150,000→ 0 totalExercise: $0.00→ Restricted Stock Units (150,000 underlying) - Disposition to Issuer
Class A Common Stock
2020-04-17−70,833→ 20,250 total
Footnotes (3)
- [F1]As a result of Mr. Pittman's resignation as an employee of Chaparral Energy, Inc. (the "Issuer") on April 17, 2020, a total of 70,833 unvested shares of restricted Class A common stock, par value $0.01 per share ("Common Stock"), of the Issuer were forfeited back to the Issuer. This forfeiture is exempt from Sections 16(a) and 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act") pursuant to Rules 16a-4(d) and 16b-6(d), respectively, under the Exchange Act.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Common Stock upon vesting and settlement.
- [F3]As a result of Mr. Pittman's resignation as an employee of the Issuer on April 17, 2020, a total of 150,000 RSUs were forfeited back to the Issuer. Of these forfeited RSUs, 75,000 RSUs would have vested based on passage of time and 75,000 RSUs would have vested based on both passage of time and the achievement of performance thresholds, all granted under the Issuer's 2019 Long-Term Incentive Plan. This forfeiture is exempt from Sections 16(a) and 16(b) of the Exchange Act pursuant to Rules 16a-4(d) and 16b-6(d), respectively, under the Exchange Act.
Documents
Issuer
Chaparral Energy, Inc.
CIK 0001346980
Entity typeother
Related Parties
1- filerCIK 0001770429
Filing Metadata
- Form type
- 4
- Filed
- Apr 19, 8:00 PM ET
- Accepted
- Apr 20, 4:10 PM ET
- Size
- 7.9 KB