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*
DARDEN THOMAS F

(Last) (First) (Middle)
777 WEST ROSEDALE STREET

(Street)
FORT WORTH TX 76104

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
QUICKSILVER RESOURCES INC [ KWK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman of the Board
3. Date of Earliest Transaction (Month/Day/Year)
01/02/2008
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, $.01 par value 03/31/2007 G V 8,464(1) A $0 1,284,243(2)(3)(4) D
Common Stock, $.01 par value 01/02/2008 A 18,237 A $0 1,302,480 D
Common Stock, $.01 par value 03/31/2007 G V 9,936(2) D $0 0 I By Thomas Darden Grantor Retained Annuity Trust
Common Stock, $.01 par value 42,818(3) I By Thomas Darden 2006 Grantor Retained Annuity Trust
Common Stock, $.01 par value 128,210(4) I By Thomas Darden 2007 Grantor Retained Annuity Trust
Common Stock, $.01 par value 22,783,456(2)(5)(6) I By Quicksilver Energy, L.P.
Common Stock, $.01 par value 44,047(7) I By 401(k) plan
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
Stock option(8) $61.9 01/02/2008 A 36,170 (9) 01/01/2018 Common Stock, $.01 par value 36,170 $0 36,170 D
Explanation of Responses:
1. Represents remainder interest distribution from family member trust.
2. On March 2, 2007, the Thomas Darden Grantor Retained Annuity Trust (the "Trust") terminated. Effective March 31, 2007, the reporting person received the final annuity distribution of 87,568 shares of Quicksilver Resources Inc. from the Trust and 9,936 shares of Quicksilver Resources Inc. common stock were distributed by the Trust to Quicksilver Energy, L.P. at the direction of the Trust's beneficiaries.
3. Effective April 14, 2007, 32,178 shares of Quicksilver Resources inc. common stock were distributed from the Thomas Darden 2006 Grantor Retained Annuity Trust to the reporting person.
4. Effective May 10, 2007, the reporting person transferred 128,210 shares of Quicksilver Resources Inc. common stock to the Thomas Darden 2007 Grantor Retained Annuity Trust.
5. Effective March 31, 2007, three grantor retained annuity trusts established by Messrs. Glenn Darden and Thomas F. Darden and Ms. Anne Darden Self transferred, following their termination, a total of 60,448 shares of Quicksilver Resources Inc. common stock to Quicksilver Energy, L.P. pursuant to a Contribution Agreement dated February 21, 2007.
6. These shares are owned directly by Quicksilver Energy, L.P. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of the securities for purposes fo Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
7. The reporting person owned 28,293.4260 units of a Unitized Stock Fund under a 401(k) plan as of December 31, 2007. Such units equate to 44,047 shares of common stock.
8. Represents a right to buy.
9. The stock option vests in three equal annual installments beginning January 2, 2009.
Remarks:
/s/ John C. Cirone_______John C. Cirone, Attorney-in-Fact for Thomas F. Darden, Chairman of the Board 01/04/2008
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.