Filing Details

Accession Number:
0001594466-20-000118
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-08-20 17:50:22
Reporting Period:
2020-08-18
Accepted Time:
2020-08-20 17:50:22
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1594466 Parsley Energy Inc. PE Crude Petroleum & Natural Gas (1311) 464314192
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1606914 Bryan Sheffield 303 Colorado Street
Austin TX 78701
See Remarks Yes 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
Class A Common Stock Acquisiton 2020-08-18 900,000 $0.00 9,310,686 No 4 C Direct
Class A Common Stock Disposition 2020-08-18 300,000 $12.12 9,010,686 No 4 S Direct
Class A Common Stock Disposition 2020-08-19 300,000 $12.00 8,710,686 No 4 S Direct
Class A Common Stock Disposition 2020-08-20 300,000 $11.46 8,410,686 No 4 S Direct
Class B Common Stock Disposition 2020-08-18 900,000 $0.00 19,515,517 No 4 J Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 J Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Parsley Energy, LLC Membership Unit Disposition 2020-08-18 900,000 $0.00 900,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
19,515,517 No 4 C Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 352,521 Indirect By Spouse
Class A Common Stock 948,043 Indirect By Bryan S. Sheffield Spousal Lifetime Access Trust
Class A Common Stock 297,761 Indirect By Sharoll M. Sheffield 2012 Irrevocable Trust
Class B Common Stock 371,249 Indirect By Spouse
Class B Common Stock 998,406 Indirect By Bryan S. Sheffield Spousal Lifetime Access Trust
Class B Common Stock 313,579 Indirect By Sharoll M. Sheffield 2012 Irrevocable Trust
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Parsley Energy, LLC Membership Units $0.00 371,249 371,249 Indirect
Class A Common Stock Parsley Energy, LLC Membership Units $0.00 998,406 998,406 Indirect
Class A Common Stock Parsley Energy, LLC Membership Units $0.00 313,579 313,579 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
371,249 371,249 Indirect
998,406 998,406 Indirect
313,579 313,579 Indirect
Footnotes
  1. On August 18, 2020, the Reporting Person, pursuant to the terms of the Fourth Amended and Restated Limited Liability Company Agreement of Parsley Energy, LLC, dated July 22, 2019, by and among Parsley Energy, LLC and the members thereof (the "PE LLC Agreement"), exchanged 900,000 membership units of Parsley Energy, LLC (with a corresponding number of shares of Class B common stock) for 900,000 shares of Class A common stock of Parsley Energy, Inc.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.01 to $12.37, inclusive. The Reporting Person undertakes to provide to Parsley Energy, Inc., any security holder of Parsley Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.89 to $12.09, inclusive. The Reporting Person undertakes to provide to Parsley Energy, Inc., any security holder of Parsley Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.385 to $11.57, inclusive. The Reporting Person undertakes to provide to Parsley Energy, Inc., any security holder of Parsley Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  5. Mr. Sheffield serves as the investment trustee of the Bryan S. Sheffield Spousal Lifetime Access Trust, and Mr. Sheffield and his children are beneficiaries of the Bryan S. Sheffield Spousal Lifetime Access Trust.
  6. Mr. Sheffield's spouse serves as the investment trustee of the Sharoll M. Sheffield 2012 Irrevocable Trust, and Mr. Sheffield's spouse and children are beneficiaries of the Sharoll M. Sheffield 2012 Irrevocable Trust.
  7. Each share of Class B common stock has no economic rights but entitles its holder to one vote on all matters to be voted on by stockholders generally.
  8. Subject to the terms of the PE LLC Agreement, the membership units of Parsley Energy, LLC (together with a corresponding number of shares of Class B common stock) are exchangeable from time to time for Class A common stock at an exchange ratio of one share of Class A common stock for each membership unit of Parsley Energy, LLC (and a corresponding share of Class B common stock) exchanged.