0000899243-19-010658.txt : 20190415
0000899243-19-010658.hdr.sgml : 20190415
20190415201040
ACCESSION NUMBER: 0000899243-19-010658
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190411
FILED AS OF DATE: 20190415
DATE AS OF CHANGE: 20190415
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Stratton J. Jay Jr.
CENTRAL INDEX KEY: 0001714805
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33614
FILM NUMBER: 19749698
MAIL ADDRESS:
STREET 1: 1125 17TH STREET
STREET 2: SUITE 2400
CITY: DENVER
STATE: CO
ZIP: 80202
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ULTRA PETROLEUM CORP
CENTRAL INDEX KEY: 0001022646
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 000000000
STATE OF INCORPORATION: B0
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 116 EAST INVERNESS DRIVE
STREET 2: SUITE 400
CITY: ENGLEWOOD
STATE: CO
ZIP: 80112
BUSINESS PHONE: 303-708-9740
MAIL ADDRESS:
STREET 1: 116 EAST INVERNESS DRIVE
STREET 2: SUITE 400
CITY: ENGLEWOOD
STATE: CO
ZIP: 80112
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-04-11
0
0001022646
ULTRA PETROLEUM CORP
UPL
0001714805
Stratton J. Jay Jr.
116 INVERNESS DRIVE EAST #400
ENGLEWOOD
CO
80112
0
1
0
0
See Remarks
Common Stock
2019-04-11
4
P
0
80000
0.5523
A
84200
D
Restricted Stock Units
Common Stock
1153152
1153152
D
Put Option (obligation to buy)
Common Stock
3000
3000
D
The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.5441 to $0.5580, 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.
Each restricted stock unit represents a contingent right to receive one common share of the Company.
204,528 of such restricted stock units are time-based and will vest, if at all, in three equal annual installments beginning on May 25, 2019. 179,856 of such restricted stock units 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. 768,768 of such 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.
(Continued from Footnote 3) 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.
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.
Senior Vice President and Chief Operating Officer
/s/ J. Jay Stratton, Jr
2019-04-15