4//SEC Filing
Eberhard Michael 4
Accession 0001413507-18-000074
CIK 0001413507other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 7:41 PM ET
Size
10.9 KB
Accession
0001413507-18-000074
Insider Transaction Report
Form 4
SRC Energy Inc.SRCI
Eberhard Michael
Chief Operating Officer-Ops
Transactions
- Award
Performance Share Units
2018-01-29+27,438→ 27,438 totalExercise: $0.00Exp: 2020-12-31→ Common Stock (27,438 underlying) - Award
Performance Share Units
2018-01-29+23,519→ 23,519 totalExercise: $0.00Exp: 2020-12-31→ Common Stock (23,519 underlying) - Award
Common Stock
2018-01-29+27,438→ 135,509 total
Footnotes (5)
- [F1]Reflects a grant of restricted stock units ("RSUs") that will vest 33% on January 29, 2019, and 34% on each of January 19, 2020 and January 19, 2021 provided that the recipient continues to provide substantial services to the Company or an affiliate continuously through the applicable vesting dates.
- [F2]The number of shares granted was determined by dividing the individual's Award Value for RSUs by the ten trading day volume weighted average closing price of one share of the Company's common stock, as reported by the NYSE American, for the period ending January 1, 2018 (being $8.259 per share), rounded to the nearest whole number.
- [F3]The number of shares granted was determined by dividing the individual's Award Value for PSUs by the ten trading day volume weighted average closing price of one share of the Company's common stock, as reported by the NYSE American, for the period ending January 1, 2018 (being $8.259 per share), rounded to the nearest whole number.
- [F4]The reporting person may vest in 0% - 200% of the Target Performance Share Units based on the relative Total Shareholder Return (TSR) of the Company between January 1, 2018 and December 31, 2020, as measured against the TSR of certain peer companies over that period, provided that the recipient continues to provide substantial services to the Company or an affiliate continuously from the grant date through December 31, 2020.
- [F5]The reporting person may vest in 0% - 200% of the Target Goal-Based Performance Share Units based on the Compensation Committee's assessment of the Company's achievement of goals identified over the performance period, provided that the recipient continues to provide substantial services to the Company or an affiliate continuously from the grant date through December 31, 2020.
Documents
Issuer
SRC Energy Inc.
CIK 0001413507
Entity typeother
Related Parties
1- filerCIK 0001678072
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 7:41 PM ET
- Size
- 10.9 KB