REX ENERGY CORP 4
4 · REX ENERGY CORP · Filed Sep 3, 2015
Insider Transaction Report
Form 4
REX ENERGY CORPREXX
HIGBEE JOHN W
Director
Transactions
- Exercise/Conversion
Common Stock
2015-09-01+2,904→ 54,547 total - Disposition to Issuer
Common Stock
2015-09-01−2,904→ 51,643 total - Exercise/Conversion
Phantom Stock
2015-09-01$3.45/sh−2,904$10,019→ 8,267 totalFrom: 2015-09-01Exp: 2015-09-01→ Common Stock (2,904 underlying)
Footnotes (1)
- [F1]This filing represents the deemed conversion of phantom stock into cash. On September 1, 2015, the reporting person had an award of phantom stock that vested in accordance with the provisions in a grant made on December 15, 2014. Each share of phantom stock was the economic equivalent of one share of REXX common stock. The phantom shares were settled in cash valued at $3.45 per share, based on the market closing price on August 31, 2015. No shares were actually issued, converted, or sold in connection with this transaction.