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*
WAGNER ROBERT N

(Last) (First) (Middle)
777 WEST ROSEDALE STREET
SUITE 300

(Street)
FORT WORTH TX 76104

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
QUICKSILVER RESOURCES INC [ KWK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice President-Reserve Group
3. Date of Earliest Transaction (Month/Day/Year)
04/06/2004
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
Common Stock, $.01 par value 04/06/2004 X 918 A $22.08 18,997(1) D
Common Stock, $.01 par value 04/06/2004 X 8,333 A $7.125 27,330(1) D
Common Stock, $.01 par value 04/06/2004 X 1,389 A $16.04 28,719(1) D
Common Stock, $.01 par value 04/06/2004 S 10,640 D $38.34 18,079(1) D
Common Stock, $.01 par value 944.658(2) I By 401(k) plan
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
Stock Option(3) $22.08 04/06/2004 X 918 02/11/2004(4) 02/11/2008 Common Stock, $.01 par value 2,754 (8) 1,836 D
Stock Option(3) $7.125 04/06/2004 X 8,333 07/01/2001(5) 07/01/2005 Common Stock, $.01 par value 8,333 (8) 0 D
Stock Option(3) $16.04 04/06/2004 X 1,389 12/04/2002(6) 12/04/2006 Common Stock, $.01 par value 2,778 (8) 1,389 D
Stock Option(3) $33.03 01/07/2005(7) 01/07/2010 Common Stock, $.01 par value 7,120 7,120 D
Explanation of Responses:
1. As reported in this Form 4, on April 6, 2004, the reporting person exercised stock options to acquire 10,640 shares of common stock. These 10,640 shares were then sold the same day. As such, the reporting person's direct beneficial ownership of common stock remains at 18,079 shares, the same number that the reporting person held immeidately prior to April 6, 2004.
2. The reporting person owns 1,608.750 units of a Unitized Stock Fund under a 401(k) plan as of March 31, 2004. Such units equate to 944.6580 shares of Common Stock.
3. Represents a right to buy.
4. The stock option vests in three equal annual installments beginning on February 11, 2004, with full vesting on February 11, 2006. As reported in this Form 4, on April 6, 2004, the reporting person exercised the stock option for 918 shares of common stock that vested as of February 11, 2004. The remaining 1,836 shares issuable under the stock option will vest one-half on February 11, 2005 and one-half on February 11, 2006.
5. The stock option vested in three equal annual installments beginning on July 1, 2001, with full vesting on July 1, 2003.
6. The stock option vests in three equal annual installments beginning on December 4, 2002, with full vesting on December 4, 2004. On April 29, 2003, the reporting person exercised the stock option for 1,389 shares of common stock that vested as of December 4, 2002. As reported in this Form 4, on April 6, 2004, the reporting person exercised the stock option for 1,389 shares of common stock that vested as of December 4, 2003. The remaining 1,389 shares issuable under the stock option will vest on December 4, 2004.
7. The stock option vests in five equal annual installments beginning on January 7, 2005, with full vesting on January 7, 2009.
8. Not applicable.
Robert N. Wagner 04/07/2004
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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