0000899243-16-011652.txt : 20160113
0000899243-16-011652.hdr.sgml : 20160113
20160113181706
ACCESSION NUMBER: 0000899243-16-011652
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160111
FILED AS OF DATE: 20160113
DATE AS OF CHANGE: 20160113
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PDC ENERGY, INC.
CENTRAL INDEX KEY: 0000077877
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 952636730
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1775 SHERMAN STREET
STREET 2: SUITE 3000
CITY: DENVER
STATE: CO
ZIP: 80203
BUSINESS PHONE: 303-860-5800
MAIL ADDRESS:
STREET 1: PDC ENERGY, INC.
STREET 2: 1775 SHERMAN ST
CITY: SUITE 3000
STATE: CO
ZIP: 80203
FORMER COMPANY:
FORMER CONFORMED NAME: PETROLEUM DEVELOPMENT CORP
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: YELLOW WING URANIUM CORP
DATE OF NAME CHANGE: 19730606
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Amidon Daniel Willson
CENTRAL INDEX KEY: 0001374254
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37419
FILM NUMBER: 161341570
MAIL ADDRESS:
STREET 1: 1775 SHERMAN STREET
CITY: DENVER
STATE: CO
ZIP: 80203
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2016-01-11
0
0000077877
PDC ENERGY, INC.
PDCE
0001374254
Amidon Daniel Willson
1775 SHERMAN STREET, SUITE 3000
DENVER
CO
80203
0
1
0
0
Sr. VP, General Counsel & Sec.
Common Stock
2016-01-11
4
M
0
9640
A
72303
D
Common Stock
2016-01-11
4
F
0
3177
51.63
D
69126
D
Common Stock
2016-01-11
4
A
0
9123
0.00
A
78249
D
Performance Share Rights
2016-01-11
4
M
0
4820
D
2015-12-31
Common Stock
4820
0
D
Stock Appreciation Rights
51.63
2016-01-11
4
A
0
8690
0.00
A
2026-01-11
Common Stock
8690
8690
D
Performance Share Units
2016-01-11
4
A
0
3594
0.00
A
2018-12-31
Common Stock
3594
3594
D
Each performance share/right represented a contingent right to receive shares of Company stock upon achievement of specified minimum thresholds of total shareholder return (TSR) compared to certain peers measured in December of 2015, as described in the related grant agreement. Shares granted represented a 200% payout on previously awarded performance shares/rights.
Represents shares of common stock surrendered to issuer to cover tax withholding obligation of the reporting person upon vesting of shares of restricted stock pursuant to time-based vesting.
The restricted stock units vest in three pro rata installments on December 29, 2016, December 28, 2017, and January 11, 2019.
The Stock Appreciation Rights ("SARs") become exercisable in three pro rata installments on December 29, 2016, December 28, 2017, and January 11, 2019. The reporting person also holds additional previously awarded SARs subject to different vesting, exercise price and other criteria.
Each performance share unit represents a contingent right to receive 0-200% of that number in shares of PDCE common stock. The amount reported represents the "target" number. The performance shares units vest upon continued employment and achievement of specified thresholds of total shareholder return (TSR) compared to certain peers, as measured on December of 2018 and as described in the related grant agreement. Participant also holds additional previously awarded performance shares/rights and performance share units, all subject to different future vesting and performance criteria.
/s/Daniel Willson Amidon
2016-01-13