4//SEC Filing
Torgerson Jim E 4
Accession 0001209191-18-008777
CIK 0001108827other
Filed
Feb 8, 7:00 PM ET
Accepted
Feb 9, 3:38 PM ET
Size
19.6 KB
Accession
0001209191-18-008777
Insider Transaction Report
Form 4
Torgerson Jim E
Sr VP Operations
Transactions
- Exercise/Conversion
Phantom Stock Units
2018-02-07−36,884→ 153,716 totalExercise: $0.00→ Phantom Stock Units
Holdings
- 5,090
Stock Option
Exercise: $27.98From: 2016-09-05Exp: 2020-09-03→ Common Stock (5,090 underlying) - 52,494
Stock Option
Exercise: $21.69Exp: 2022-02-12→ Common Stock (52,494 underlying) - 59,211
Stock Option
Exercise: $10.12Exp: 2023-02-16→ Common Stock (59,211 underlying) - 61,282
Stock Option
Exercise: $16.98Exp: 2024-02-13→ Common Stock (61,282 underlying) - 209,754
Common Stock
- 12,551
Stock Option
Exercise: $39.07From: 2014-03-05Exp: 2018-02-25→ Common Stock (12,551 underlying) - 29,065
Stock Option
Exercise: $31.74From: 2017-03-05Exp: 2021-02-13→ Common Stock (29,065 underlying) - 24,618.82(indirect: Employee Investment Plan)
Common Stock
- 6,132.705
Phantom Stock Units
Exercise: $0.00→ Phantom Stock Units (6,132.705 underlying) - 26,126
Stock Option
Exercise: $30.90From: 2015-03-05Exp: 2019-02-13→ Common Stock (26,126 underlying) - 28,286
Stock Option
Exercise: $30.12From: 2016-03-05Exp: 2020-02-13→ Common Stock (28,286 underlying)
Footnotes (6)
- [F1]In February 2015, QEP's Compensation Committee granted 36,884 PSUs under the QEP's Cash Incentive Plan, which amount represented the number of common shares on which payout would be made in cash if target performance was achieved during the three-year performance period ended 12/31/17. Payout was earned at 85% of target, and a cash payout was made on 75,243 common shares.
- [F2]In February 2016 and 2017, QEP's Compensation Committee granted 88,933 PSUs and 64,783 PSUs, respectively, under the QEP's Cash Incentive Plan, which represents the number of common shares on which payout will be made in cash (or, at the election of the Compensation Committee, shares) if target relative TSR performance is achieved during the three-year performance period ending 12/31/18 and 12/31/19, respectively.
- [F3]Phantom stock units will be payable in cash on the date of, or at a designated anniversary date following, the first to occur of the reporting person's (i) distribution election date which is not earlier than two years from the plan year (ii) separation from service from QEP (subject to 6-month delay if necessary to comply with IRC 409A), (iii) death or (iv) disability, pursuant to the QEP Resources, Inc. Deferred Compensation Wrap Plan. This total includes shares attributable to the 401(k) supplemental program of the Deferred Compensation Wrap Plan. Consequently, share totals may change without any visible activity.
- [F4]The option vests in three annual installments beginning on March 5, 2016, subject to accelerated vesting upon the occurrence of certain events as set forth in the award agreement.
- [F5]The option vests in three annual installments beginning on March 5, 2017, subject to accelerated vesting upon the occurrence of certain events as set forth in the award agreement.
- [F6]The option vests in three annual installments beginning on March 5, 2018, subject to accelerated vesting upon the occurrence of certain events as set forth in the award agreement
Documents
Issuer
QEP RESOURCES, INC.
CIK 0001108827
Entity typeother
Related Parties
1- filerCIK 0001547567
Filing Metadata
- Form type
- 4
- Filed
- Feb 8, 7:00 PM ET
- Accepted
- Feb 9, 3:38 PM ET
- Size
- 19.6 KB