McCullough Richard W 4
4 · PETROLEUM DEVELOPMENT CORP · Filed Mar 15, 2011
Insider Transaction Report
Form 4
McCullough Richard W
DirectorChairman and CEO
Transactions
- Award
Restricted Common Stock
2011-03-12+14,928→ 95,895 total - Award
Stock Apprec. Rights
2011-03-12+12,992→ 12,992 totalExercise: $43.95From: 2012-03-12Exp: 2021-03-11→ Common Stock (12,992 underlying) - Award
Performance Shares/Rights
2011-03-12+5,571→ 5,571 totalExp: 2013-12-31→ Common Stock (5,571 underlying)
Footnotes (3)
- [F1]The restricted stock vests in three equal installments on March 12, 2012, 2013 and 2014.
- [F2]The SARs become exercisable in three equal installments on March 12, 2012, 2013 and 2014.
- [F3]Performance Shares - vesting contingent on employment and achievement of specified minimum thresholds of total shareholder return (TSR) compared to certain peers, as disclosed in a related Form 8-K.