Harris Steven P 4
4 · ABRAXAS PETROLEUM CORP · Filed Apr 4, 2019
Insider Transaction Report
Form 4
Harris Steven P
Vice President - CFO
Transactions
- Exercise/Conversion
Performance-based Restricted Stock Unit
2019-04-01$1.34/sh+46,642$62,500→ 46,642 totalExercise: $1.34→ Abraxas Petroleum Common Stock (46,642 underlying) - Award
Abraxas Petroleum Common Stock
2019-04-01$1.34/sh+46,642$62,500→ 96,462 total
Holdings
- 100,000
Employee Stock Option
Exercise: $2.67From: 2019-06-20Exp: 2028-06-20→ Abraxas Petroleum Corp Common Stock (100,000 underlying)
Footnotes (2)
- [F1]Each performance-based restricted share represents the right to receive, following vesting, up to 200% of one share of Abraxas Petroleum Corporation common stock. The resulting number of shares of common stock acquired upon vesting of the performance-based restricted shares is contingent upon achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on April 1, 2019 and ending on April 1, 2022.
- [F2]Unless earlier forfeited under the terms of the performance-based restricted shares, each performance-based share vest and converts into no more than 200% of one share.