Filing Details

Accession Number:
0000316300-16-000091
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-03-09 15:28:49
Reporting Period:
2016-03-07
Filing Date:
2016-03-09
Accepted Time:
2016-03-09 15:28:49
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
316300 Exco Resources Inc XCO Crude Petroleum & Natural Gas (1311) 741492779
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1600737 Alan Richard Burnett 12377 Merit Drive
Suite 1700
Dallas TX 75251
Cfo & Chief Accounting Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.001 Per Share Acquisiton 2016-03-07 64,241 $0.00 607,527 No 4 A Direct
Common Stock, Par Value $0.001 Per Share Disposition 2016-03-08 64,241 $1.51 543,286 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S Direct
Footnotes
  1. Represents shares of restricted common stock issued to the reporting person pursuant to the EXCO Resources, Inc. 2015 Management Incentive Plan, as amended (the "MIP"), all of which shares are fully vested. The MIP provides for the payment of performance-based awards to eligible employees, of which seventy-five percent (75%) of the award is payable in cash and twenty-five percent (25%) of the award is payable in shares of fully-vested restricted stock (collectively, the "Award Amount") issued pursuant to the EXCO Resources, Inc. Amended and Restated 2005 Long-Term Incentive Plan, as amended (the "Plan").
  2. Represents shares sold to pay the tax liability associated with the Award Amount.
  3. This transaction was executed in multiple trades at prices ranging from $1.41 to $1.61. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.