Form Type: 4

SEC EDGAR Link
Accession Number:0001437749-20-000644
Date:2020-01-14
Issuer: PDC ENERGY, INC. (PDCE)
Original Submission Date:

Reporting Person:

KORUS PAUL
1775 SHERMAN STREET, SUITE 3000
DENVER, CO 80203

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 2020-01-14 A 13,223 a $0.00 13,223 direct
COMMON STOCK 2020-01-14 A 1,313 a $0.00 14,536 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 on january 14, 2020, pdc energy, inc. ("pdc") and src energy inc. ("src") completed the transactions contemplated by that certain agreement and plan of merger, dated august 25, 2019, by and between pdc and src (the "merger agreement"), pursuant to which src merged with and into pdc, with pdc as the surviving corporation (the "merger"). pursuant to the merger agreement, at the effective time (as defined therein), each share of src common stock, par value $0.001 per share ("src common stock"), beneficially owned by the reporting person at the effective time of the merger, was cancelled and exchanged for 0.158 shares of pdc common stock, par value $0.01 per share ("pdc common stock").
f2 received in exchange for 83,694 shares of src common stock in connection with the merger. on the effective date of the merger, the closing price of pdc common stock was $25.16 per share and the closing price of src common stock was $4.00 per share.
f3 pursuant to the merger agreement, at the effective time, the src restricted stock units of the reporting person immediately vested and were converted into the right to receive a number of shares of pdc common stock that is equal to the product of (a) the number of shares of src common stock subject to such src restricted stock unit as of immediately prior to the effective time, multiplied by (b) 0.158, subject to any applicable withholding taxes, with cash in lieu of fractional shares.
f4 received in exchange for 8,316 src restricted stock units in connection with the merger. on the effective date of the merger, the closing price of pdc common stock was $25.16 per share and the closing price of src common stock was $4.00 per share.
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