Accession Number: | 0001104659-20-003850 |
Date: | 2020-01-01 |
Issuer: | SRC ENERGY INC. (SRCI) |
Original Submission Date: |
ZUCKER JENNIFER S
1675 BROADWAY, SUITE 2600
DENVER, CO 80202
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature 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 |
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 Exercisable | Expiration 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 |
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ID | footnote |
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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. |