0001714805-19-000002.txt : 20191007
0001714805-19-000002.hdr.sgml : 20191007
20191007170147
ACCESSION NUMBER: 0001714805-19-000002
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190624
FILED AS OF DATE: 20191007
DATE AS OF CHANGE: 20191007
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: 191141350
MAIL ADDRESS:
STREET 1: 116 EAST INVERNESS DRIVE
STREET 2: SUITE 400
CITY: ENGLEWOOD
STATE: CO
ZIP: 80112
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
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2019-06-24
0
0001022646
ULTRA PETROLEUM CORP
UPLC
0001714805
Stratton J. Jay Jr.
116 EAST INVERNESS DRIVE
SUITE 400
ENGLEWOOD
CO
80112
0
1
0
0
Sr VP, Chief Operating Officer
Common Stock
2019-06-24
4
X
0
500
5
A
253116
D
Common Stock
2019-07-08
4
X
0
2000
5
A
255116
D
Common Stock
2019-08-09
4
X
0
500
5
A
255616
D
Restricted Stock Units
Common Stock
0
1084976
D
Put Option (obligation to buy)
2019-06-24
4
X
0
5
0
D
Common Stock
0
2500
D
Put Option (obligation to buy)
2019-07-08
4
X
0
20
0
D
Common Stock
0
500
D
Put Option (obligation to buy)
2019-08-09
4
X
0
5
0
D
Common Stock
0
0
D
The Reporting Person was party to written put contracts obligating him to buy 3,000 shares of the Company's common stock, exercisable at $5.00 per share. The holder of the put option elected to partially exercise the put option on each of June 24, 2019, July 8, 2019 and August 9, 2019 thereby obligating the Reporting Person to purchase, on a non-discretionary basis, 500 shares of the Company's common stock, 2,000 shares of the Company's common stock and 500 shares of the Company's common stock, respectively.
Each restricted stock unit represents a contingent right to receive one common share of the Company.
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.
(Continued from Footnote 3) 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.
The Reporting Person was 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. As disclosed in Footnote 1, the holder of the put option exercised the put option in stages on each of June 24, 2019, July 8, 2019 and August 9, 2019, thereby obligating the Reporting Person to purchase, on a non-discretionary basis, 3,000 shares of the Company's common stock.
/s/ Rex Griffin, as Attorney in Fact for J. Jay Stratton, Jr.
2019-10-07