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