Form Type: 4

SEC EDGAR Link
Accession Number:0001104659-20-003850
Date:2020-01-01
Issuer: SRC ENERGY INC. (SRCI)
Original Submission Date:

Reporting Person:

ZUCKER JENNIFER S
1675 BROADWAY, SUITE 2600
DENVER, CO 80202

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-01-01 A 8,316 a $0.00 51,120 direct
COMMON STOCK 2020-01-14 D 8,316 d $0.00 0 direct
COMMON STOCK 2020-01-14 D 51,120 d $0.00 0 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 represents shares issued quarterly by src energy inc. (the "company") as consideration for annual director compensation. valuation pursuant to director compensation arrangements.
f2 on january 14, 2020, pursuant to the agreement and plan of merger, dated as of august 25, 2019 (the "merger agreement"), by and between pdc energy, inc. ("pdc") and the company, the company merged with and into pdc (the "merger"), with pdc surviving the merger. pursuant to the merger agreement, at the effective time of the merger (the "effective time"), each share of company common stock issued and outstanding immediately prior to the effective time owned by the reporting person converted into the right to receive 0.158 of a validly issued, fully-paid and nonassessable share of pdc common stock, with cash in lieu of any fractional shares (the "merger consideration"). the closing price per share of pdc common stock on january 13, 2020, the day prior to the effective time, was $25.78.
f3 on january 14, 2020, immediately prior to the effective time, each then outstanding restricted stock unit award in respect of shares of src common stock, whether vested or unvested, became fully vested and was cancelled and converted into the right to receive the merger consideration in respect of each share of src common stock subject to the award (less required tax withholdings), pursuant to the merger agreement.
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