Filing Details

Accession Number:
0000899243-19-022368
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-08-23 17:15:27
Reporting Period:
2019-08-21
Accepted Time:
2019-08-23 17:15:27
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1022646 Ultra Petroleum Corp UPLC Crude Petroleum & Natural Gas (1311) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1714805 Jr. Jay J. Stratton 116 Inverness Drive East #400
Englewood CO 80112
Sr Vp, Chief Operating 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 Acquisiton 2019-08-21 40,000 $0.12 172,616 No 4 P Direct
Common Stock Acquisiton 2019-08-22 80,000 $0.15 252,616 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Units $0.00 0 1,084,976 Direct
Common Stock Put Option (obligation to buy) $0.00 0 3,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
0 1,084,976 Direct
0 3,000 Direct
Footnotes
  1. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.1168 to $0.12, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range stated.
  2. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.144 to $0.146, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range stated.
  3. Each restricted stock unit represents a contingent right to receive one common share of the Company.
  4. 136,352 of the restricted stock units are time-based and will vest, if at all, in two equal annual installments beginning on May 25, 2020. 179,856 of the restricted stock units set forth in box 9 of this Form 4 are time-based and will vest, if at all, in three equal annual installments beginning on March 1, 2020. The time-based awards will terminate and the applicable restricted stock units will not vest if the Reporting Person is not employed by the Company on the date any portion of the award is scheduled to vest.
  5. (Continued from Footnote 4) 768,768 of the restricted stock units are subject to both performance-based and time-based vesting terms. The performance-based vesting conditions are assessed based on the volume-weighted average price of the Company's common shares as measured over 60 consecutive trading days relative to pre-established price goals. Once a performance-based vesting condition is achieved, the restricted stock units that have become performance vested will time-vest over the two or three-year period following the date on which they became performance vested.
  6. The Reporting Person is party to written put contracts obligating him to buy 3,000 shares of the Company's common stock, exercisable at $5.00 per share, to the holder of the put option, on January 17, 2020.