Approach Resources Inc 4
4 · Approach Resources Inc · Filed Jan 3, 2014
Insider Transaction Report
Form 4
Smart Steven P.
EVP & CFO
Transactions
- Tax Payment
Common Stock
2013-12-31$19.30/sh−6,933$133,807→ 325,141 total - Disposition to Issuer
Common Stock
2013-12-31−80,697→ 244,444 total - Award
Restricted Stock Units
2013-12-31+43,257→ 43,257 total→ Common Stock (43,257 underlying)
Footnotes (4)
- [F1]Represents tax liability on December 31, 2013, by surrendering 6,399 previously owned shares incident to the vesting of securities under Restricted Stock Award Agreement dated August 6, 2010, between the Reporting Person and the Issuer.
- [F2]Unvested shares that were forfeited in connection with the previously-announced retirement.
- [F3]Restricted stock unit granted pursuant to Executive Grant and Separation Agreement dated December 31, 2013. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock plus certain rights to dividends declared on the Issuer's common stock.
- [F4]The restricted stock units vest on December 31, 2014, and the shares of the Issuer's common stock underlying the restricted stock units will be delivered to the Reporting Person on December 31, 2014.