Kelley Russell T JR 4
4 · Extraction Oil & Gas, Inc. · Filed Apr 9, 2019
Insider Transaction Report
Form 4
Kelley Russell T JR
Chief Financial Officer
Transactions
- Award
COMMON STOCK
2019-04-05+107,362→ 1,071,757 total
Holdings
- 755,995(indirect: See Footnote (2))
COMMON STOCK
- 600,000(indirect: See Footnote (3))
COMMON STOCK
- 1,275,925
Employee Stock Option (right to buy)
Exercise: $19.00Exp: 2026-10-11→ COMMON STOCK (1,275,925 underlying)
Footnotes (4)
- [F1]Represents an award of 107,362 unvested restricted stock units, which vest 25% on April 1, 2020 and 2021 and 50% on April 1, 2022, subject to continued service through each vesting date, and will be setttled in shares of common stock.
- [F2]These shares are owned by Extraction Employee Incentive, LLC, an entity in which the reporting person owns a membership interest. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.
- [F3]These shares are owned by RTK Family LLC, of which the Reporting Person holds 100% of the membership interests.
- [F4]377,775 and 438,900 of the options vested on October 11, 2017 and 2018, respectively, and the remaining options will vest on October 11, 2019, subject to continued service through the vesting date.