0001181431-14-004837.txt : 20140203 0001181431-14-004837.hdr.sgml : 20140203 20140203202655 ACCESSION NUMBER: 0001181431-14-004837 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140130 FILED AS OF DATE: 20140203 DATE AS OF CHANGE: 20140203 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Gastar Exploration USA, Inc. CENTRAL INDEX KEY: 0001431372 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 383531640 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1331 LAMAR STREET STREET 2: SUITE 650 CITY: HOUSTON STATE: TX ZIP: 77010 BUSINESS PHONE: (713) 739-1800 MAIL ADDRESS: STREET 1: 1331 LAMAR STREET STREET 2: SUITE 650 CITY: HOUSTON STATE: TX ZIP: 77010 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: McCown Michael CENTRAL INDEX KEY: 0001578219 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35211 FILM NUMBER: 14569806 MAIL ADDRESS: STREET 1: 1331 LAMAR, SUITE 650 CITY: HOUSTON STATE: TX ZIP: 77010 4 1 rrd401244.xml FORM 4 MCCOWN X0306 4 2014-01-30 0 0001431372 Gastar Exploration USA, Inc. GSTPRAPRB 0001578219 McCown Michael 1331 LAMAR ST SUITE 650 HOUSTON TX 77010 0 1 0 0 Senior VP & COO Bonus Stock Award (restricted share grant) 2014-01-30 4 A 0 43104 5.80 A 355843 D Restricted Shares 2014-01-30 4 F 0 29357 5.80 D 326486 D Common Stock 2014-01-30 4 M 0 89082 5.80 A 415568 D Common Stock 2014-01-30 4 F 0 30678 5.80 D 384890 D Performance Based Units 0 2014-01-30 4 M 0 44541 0 D Common Stock 44541 89080 D Performance Based Units 0 2014-01-30 4 A 0 43103 0 A Common Stock 43103 132183 D The bonus stock award vests in three equal annual installments beginning on 01/30/2015. Shares forfeited to meet tax obligation of restricted share vesting. Common stock acquired as a result of the 2013 performance based unit award vesting and settling at 200% of the target award based on Gastar's share price appreciation over the performance period. Shares forfeited to meet tax obligation of performance based unit vesting. Not applicable. Performance Based Units ("PBUs"): Vesting is ratable over the three year performance period, with settlement in common stock between 0% and 200% (**subject to limitations discussed in Footnote 7 below) of the target award based on Gastar's share price appreciation over a three year performance period relative to a peer index. Share price appreciation is measured generally as the change in market value of common stock during the performance period. The PBUs have no voting rights but provide for dividend equivalents to be paid upon vesting. The number of PBUs reported (43,103) represents the target award. As such, the number of shares that may be issued upon vesting ranges from 0 shares to 86,206 shares. **As discussed in Footnote 6 above, at the end of the performance period, the participant may earn up to 200% of the target award, subject to a maximum award limitation of one million (1,000,000) shares that may be issued to any individual in a calendar year under the Gastar Exploration Inc. 2006 Long-Term Stock Incentive Plan, as Amended. /s/ Michael A. Gerlich, as Attorney in Fact 2014-02-03