WATSON ROBERT L G 4
4 · ABRAXAS PETROLEUM CORP · Filed Jan 2, 2019
Insider Transaction Report
Form 4
WATSON ROBERT L G
President/CEO
Transactions
- Purchase
Abraxas Petroleum Common Stock
2018-12-31$1.14/sh+174,652$199,103→ 236,017 total(indirect: 401-K)
Holdings
- 1,394,867
Abraxas Petroleum Common Stock
- 0
Performance-based Restricted Stock Unit
[F1][F2]→ Abraxas Petroleum Common Stock (52,511 underlying) - 415,000
Employee Stock Option
Exercise: $0.97From: 2017-03-15Exp: 2026-03-15→ Abraxas Petroleum Common Stock (415,000 underlying) - 300,000
Employee Stock Option
Exercise: $3.16From: 2016-03-03Exp: 2025-03-03→ Abraxas Petroleum Common Stock (300,000 underlying) - 46,000
Employee Stock Option
Exercise: $3.15From: 2016-03-11Exp: 2025-03-11→ Abraxas Petroleum Common Stock (46,000 underlying) - 42,000
Employee Stock Option
Exercise: $2.39From: 2014-05-14Exp: 2023-05-14→ Abraxas Petroleum Common Stock (42,000 underlying) - 20,000
Employee Stock Option
Exercise: $3.74From: 2013-03-08Exp: 2022-03-08→ Abraxas Petroleum Common Stock (20,000 underlying) - 60,000
Employee Stock Option
Exercise: $4.72From: 2012-03-15Exp: 2021-03-15→ Abraxas Petroleum Common Stock (60,000 underlying) - 90,000
Employee Stock Option
Exercise: $2.09From: 2011-03-16Exp: 2020-03-16→ Abraxas Petroleum Common Stock (90,000 underlying) - 267,750
Employee Stock Option
Exercise: $1.75From: 2010-10-05Exp: 2019-10-05→ Abraxas Petroleum Common Stock (267,750 underlying) - 125,000
Employee Stock Option
Exercise: $0.99From: 2010-03-17Exp: 2019-03-17→ Abraxas Petroleum Common Stock (125,000 underlying) - 41,624
Employee Stock Option
Exercise: $3.60From: 2011-08-28Exp: 2020-08-28→ Abraxas Petroleum Common Stock (41,624 underlying)
Footnotes (2)
- [F1]Each performance-based restricted stock unit (RSU) represents the right to receive, following vesting, up to 200% of one share of Abraxas Petroleum common stock. The resulting number of shares of Abraxas Petroleum common stock acquired upon vesting of the performance based RSU is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three year period beginning April 1, 2018 and ending April 1, 2021.
- [F2]Unless earlier forfeited under the terms of the performance-based RSUs, each performance based vest and converts into no more than 200% of one share of Abraxas Petroleum common stock.
Signature
Robert L.G. Watson|2019-01-02