Van Riet Gerald Gleeson 4
4 · SILVERBOW RESOURCES, INC. · Filed May 23, 2019
Insider Transaction Report
Form 4
Van Riet Gerald Gleeson
EVP AND CFO
Transactions
- Disposition to Issuer
Common Stock
2019-05-21−3,900→ 49,398 total - Award
Common Stock
2019-05-21+15,900→ 65,298 total - Disposition to Issuer
Option (right to buy)
2019-05-21−31,902→ 0 totalExercise: $31.14From: 2019-08-09Exp: 2028-08-09→ SilverBow Resources Common Stock (31,902 underlying)
Footnotes (3)
- [F1]The cancelled award provided for vesting in three equal installments beginning on the first anniversary of the grant date.
- [F2]On May 21, 2019, the Issuer cancelled, pursuant to a one-time equity award exchange program for certain equity awards approved by the Issuer's shareholders on the same date, awards for 3,900 Restricted Stock Units and 31,902 Nonqualified Stock Options with respect to the Issuer's common stock, both granted to the Reporting Person on August 9, 2018. The Reporting Person received replacement awards of 15,900 Restricted Stock Units and 15,900 Performance Stock Units at target performance. As the vesting of the Performance Stock Units is based on the Issuer's total shareholder return performance relative to its peers, they are not currently reportable under SEC rules and such units are not reported on this Form 4.
- [F3]The Restricted Stock Units vest annually in three substantially equal installments on March 5 of each of 2020, 2021 and 2022.