SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
LEACH TIMOTHY A

(Last) (First) (Middle)
ONE CONCHO CENTER
600 W. ILLINOIS AVENUE

(Street)
MIDLAND TX 79701

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CONCHO RESOURCES INC [ CXO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman, CEO and President
3. Date of Earliest Transaction (Month/Day/Year)
09/02/2014
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 74,291 (1) I See Footnote (2)
Common Stock 74,291 (1) I See Footnote (2)
Common Stock 09/02/2014 M 43,630 A $20.4 865,471 D
Common Stock 09/02/2014 M 65,700 A $21.84 931,171 D
Common Stock 09/02/2014 S 102,630 (3) D $139.1863 828,541 D
Common Stock 09/02/2014 S 6,700 (4) D $139.9321 821,841 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $20.4 09/02/2014 M 10,908 02/26/2010 02/26/2019 Common Stock 10,908 $0 32,722 D
Employee Stock Option (Right to Buy) $20.4 09/02/2014 M 10,908 02/26/2011 02/26/2019 Common Stock 10,908 $0 21,814 D
Employee Stock Option (Right to Buy) $20.4 09/02/2014 M 10,907 02/26/2012 02/26/2019 Common Stock 10,907 $0 10,907 D
Employee Stock Option (Right to Buy) $20.4 09/02/2014 M 10,907 02/26/2013 02/26/2019 Common Stock 10,907 $0 0 D
Employee Stock Option (Right to Buy) $21.84 09/02/2014 M 28,200 02/27/2011 02/27/2018 Common Stock 28,200 $0 37,500 D
Employee Stock Option (Right to Buy) $21.84 09/02/2014 M 37,500 02/27/2012 02/27/2018 Common Stock 37,500 $0 0 D
Explanation of Responses:
1. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.
2. These securities are owned directly by a partnership, of which the reporting person is the manager of its general partner.
3. Represents shares sold at a weighted-average price of open market same-day sale. Sale of shares took place at actual prices ranging from $138.68 to $139.65 per share.
4. Represents shares sold at a weighted-average price of open market same-day sale. Sale of shares took place at actual prices ranging from $139.68 to $140.05 per share.
/s/ Travis L. Counts, as attorney-in-fact 09/04/2014
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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