0001127602-20-020916.txt : 20200702
0001127602-20-020916.hdr.sgml : 20200702
20200702163148
ACCESSION NUMBER: 0001127602-20-020916
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200630
FILED AS OF DATE: 20200702
DATE AS OF CHANGE: 20200702
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ale John C.
CENTRAL INDEX KEY: 0001548336
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08246
FILM NUMBER: 201009866
MAIL ADDRESS:
STREET 1: 2350 N. SAM HOUSTON PARKWAY
STREET 2: SUITE 125
CITY: HOUSTON
STATE: TX
ZIP: 77032
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SOUTHWESTERN ENERGY CO
CENTRAL INDEX KEY: 0000007332
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 710205415
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 10000 ENERGY DRIVE
CITY: SPRING
STATE: TX
ZIP: 77389
BUSINESS PHONE: 832-796-4700
MAIL ADDRESS:
STREET 1: 10000 ENERGY DRIVE
CITY: SPRING
STATE: TX
ZIP: 77389
FORMER COMPANY:
FORMER CONFORMED NAME: ARKANSAS WESTERN GAS CO
DATE OF NAME CHANGE: 19790917
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2020-06-30
1
0000007332
SOUTHWESTERN ENERGY CO
SWN
0001548336
Ale John C.
10000 ENERGY DRIVE
SPRING
TX
77389
1
Retired SVP & General Counsel
Common Stock
2020-06-30
4
M
0
106375
0
A
319374
D
Common Stock
2020-06-30
4
F
0
23403
2.56
D
295971
D
Common Stock
2020-06-30
4
M
0
158040
0
A
454011
D
Common Stock
2020-06-30
4
F
0
49661
2.56
D
404350
D
Common Stock
2020-06-30
4
M
0
378903
0
A
783253
D
Common Stock
2020-06-30
4
F
0
149099
2.56
D
634154
D
Restricted Stock Unit
0
2020-06-30
4
M
0
106375
0
D
Common Stock
106375
0
D
Restricted Stock Unit
2020-06-30
4
M
0
158040
0
D
Common Stock
158040
0
D
Restricted Stock Unit
2020-06-30
4
M
0
378903
0
D
Common Stock
378903
0
D
Each Restricted Stock Unit ("RSU") has the economic equivalent of one share of Southwestern Energy Company ("SWN") common stock. The RSUs vesting on June 30, 2020 were settled in common stock based on the closing price of SWN common stock on the vesting date.
On February 27, 2018, the reporting person was granted RSUs vesting in four equal installments beginning on the first anniversary of the grant date, or immediately upon death, disability, retirement at age 65 with required years of service, or a change in control. Vesting units will be settled in shares of SWN common stock, cash, or a combination of shares of SWN common stock and cash.
On February 26, 2019, the reporting person was granted RSUs, vesting in four equal installments beginning on the first anniversary of the grant date, or immediately upon death, disability, retirement at age 65 with the required years of service, or a change in control. Vesting RSUs will be settled in shares of SWN common stock, cash, or a combination of shares of SWN common stock and cash.
On February 26, 2020, the reporting person was granted restricted stock units, vesting in four equal installments beginning on the first anniversary of the grant date, or immediately upon death, disability, retirement at age 65 with required years of service, or a change in control.
Each restricted stock unit that vests will entitle the holder to receive, payable in common stock or cash at the Compensation Committee's option, a value based on an adjusted stock price, calculated as the sum of (1) the closing stock price on the date of grant and (2) 50 percent of the difference between (a) the closing stock price on the date of vesting and (b) the closing stock price on the date of grant. The reporting person received 378,903 shares of common stock in settlement of the restricted stock units granted on February 26, 2020. In accordance with the terms of the award agreement, the number of shares of common stock are less than the number of restricted stock units granted.
/s/ Melissa D. McCarty, attorney-in-fact for Mr. Ale
2020-07-02