4//SEC Filing
PDC ENERGY, INC. 4
Accession 0000899243-16-011901
CIK 0000077877operating
Filed
Jan 18, 7:00 PM ET
Accepted
Jan 19, 6:23 PM ET
Size
8.0 KB
Accession
0000899243-16-011901
Insider Transaction Report
Form 4
PDC ENERGY, INC.PDCE
WAKIM KIMBERLY LUFF
Director
Transactions
- Award
PHANTOM STOCK
2016-01-16+850→ 8,544 total→ COMMON STOCK (850 underlying) - Disposition to Issuer
Common Stock
2016-01-16−850→ 15,016 total
Footnotes (3)
- [F1]The reporting person previously elected to defer 850 shares of restricted stock vesting on January 16, 2016 (the shares of restricted stock were originally granted on January 16, 2014), and accordingly received 850 shares of phantom stock on January 16, 2016 pursuant to the PDC Energy, Inc. Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"). As a result, the reporting person is reporting the disposition of 850 shares of common stock in exchange for an equal number of shares of phantom stock.
- [F2]Each share of phantom stock represents a right to receive one share of common stock or, at the reporting person's election, the cash value thereof.
- [F3]The phantom stock becomes payable upon the first to occur of (1) the reporting person's "separation of service" as defined under Section 409A of the Internal Revenue Code of 1986, as amended, or (2) a "Change in Control" of PDC Energy, Inc. as such item is defined in the Plan.
Documents
Issuer
PDC ENERGY, INC.
CIK 0000077877
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000077877
Filing Metadata
- Form type
- 4
- Filed
- Jan 18, 7:00 PM ET
- Accepted
- Jan 19, 6:23 PM ET
- Size
- 8.0 KB