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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
2013 Performance Based Units | $ 0 | 01/30/2016 | M | 44,540 | (4) | 01/30/2016 | Common Stock | 44,540 | $ 0 | 0 | D | ||||
2014 Performance Based Units | $ 0 | 01/30/2016 | J | 14,368 (5) | (4) | 01/30/2017 | Common Stock | 14,368 | $ 0 | 14,367 | D | ||||
2014 Performance Based Units | $ 0 | 02/02/2016 | J | 14,367 (6) | (4) | 01/30/2017 | Common Stock | 14,367 | $ 0 | 0 | D | ||||
2015 Performance Based Units | $ 0 | 02/02/2016 | J | 145,833 (6) | (7) | 01/30/2018 | Common Stock | 145,833 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
McCown Michael 1331 LAMAR, SUITE 650 HOUSTON, TX 77010 |
Senior VP & COO |
/s/ Michael McCown, by Michael A. Gerlich as Attorney in Fact | 02/02/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Shares forfeited to meet tax obligation of restricted share vesting. |
(2) | Common stock acquired as a result of the 2013 performance based unit award vesting at 200% of the target award based on Gastar's share price appreciation over the performance period. |
(3) | Shares forfeited to meet tax obligation of performance based unit vesting. |
(4) | These performance based units ("PBUs") vest ratably over a three-year performance period as previously reported. |
(5) | These PBUs vested and forfeited as a result of the 2014 PBU award settling at 0% of the target award based on Gastar's share price depreciation over the performance period. |
(6) | These PBUs were forfeited in conjunction with reporting person's retirement. |
(7) | These PBUs vest in their entirety at the end of a three-year performance period as previously reported. |