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