Schwartz Dirk A 4
4 · ABRAXAS PETROLEUM CORP · Filed Apr 4, 2019
Insider Transaction Report
Form 4
Schwartz Dirk A
VP - Business Development
Transactions
- Award
Abraxas Petroleum Corp Common Stock
2019-04-01$1.34/sh+46,642$62,500→ 119,311 total - 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)
Holdings
- 24,727(indirect: 401-K)
Abraxas Petroleum Corp Common Stock
- 17,000
Employee Stock Option
Exercise: $3.15From: 2018-03-11Exp: 2024-03-11→ Abraxas Petroleum Corp Common Stock (17,000 underlying) - 100,000
Employee Stock Option
Exercise: $1.67From: 2018-08-08Exp: 2027-08-08→ Abraxas Petroleum Common Stock (100,000 underlying) - 27,397
Performance-based Restricted Stock Unit
Exercise: $2.37From: 2021-04-02Exp: 2021-04-02→ Abraxas Petroleum Common Stock (27,397 underlying) - 24,000
Employee Stock Option
Exercise: $0.97From: 2020-03-15Exp: 2026-03-15→ Abraxas Petroleum Corp Common Stock (24,000 underlying) - 20,000
Employee Stock Option
Exercise: $3.67From: 2017-12-02Exp: 2023-12-02→ Abraxas Petroleum Corp Common Stock (20,000 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.