SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Johnson Kenneth Wayne

(Last) (First) (Middle)
18803 MEISNER DRIVE

(Street)
SAN ANTONIO TX 78258

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ABRAXAS PETROLEUM CORP [ AXAS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice President - Operations
3. Date of Earliest Transaction (Month/Day/Year)
11/30/2018
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Abraxas Petroleum Corp Common Stock 11/06/2018 A 103,539 A $1.8 87,336,087 D
Abraxas Petroleum Corp Common Stock 31,346 I 401-K
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option $0.99 03/17/2010 03/17/2019 Abraxas Petroleum Corp Common Stock 11,250 11,250 D
Employee Stock Option $1.75 10/05/2010 10/05/2019 Abraxas Petroleum Corp Common Stock 31,875 31,875 D
Employee Stock Option $2.09 03/16/2011 03/16/2020 Abraxas Petroleum Corp Common Stock 33,000 33,000 D
Employee Stock Option $4.72 03/15/2012 03/15/2021 Abraxas Petroleum Corp Common Stock 15,000 15,000 D
Employee Stock Option $3.55 08/09/2012 08/09/2021 Abraxas Petroleum Corp Common Stock 25,000 25,000 D
Employee Stock Option $3.74 03/08/2013 03/08/2022 Abraxas Petroleum Corp Common Stock 9,500 9,500 D
Employee Stock Option $2.39 05/14/2014 05/14/2023 Abraxas Petroleum Corp Common Stock 21,500 21,500 D
Employee Stock Option $3.15 03/11/2015 03/11/2024 Abraxas Petroleum Corp Common Stock 23,000 23,000 D
Employee Stock Option $0.97 03/15/2017 03/15/2026 Abraxas Petroleum Corp Common Stock 77,000 77,000 D
Performance based restricted stock $2.37 04/01/2021 04/01/2021(1) Abraxas Petroleum Corp Common Stock 27,306 27,306 D
Explanation of Responses:
1. Each performance-based restricted stock unit (RSU) represents the right to receive, following vesting, up to 200% of one share of Abraxas Petroleum common stock. The resulting number of shares of Abraxas Petroleum common stock acquired upon vesting of the performance based RSU is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three year period beginning April 1, 2018 and ending April 1, 2021.
Kenneth W. Johnson 11/30/2018
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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