0000899243-16-011656.txt : 20160113 0000899243-16-011656.hdr.sgml : 20160113 20160113183019 ACCESSION NUMBER: 0000899243-16-011656 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160111 FILED AS OF DATE: 20160113 DATE AS OF CHANGE: 20160113 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PDC ENERGY, INC. CENTRAL INDEX KEY: 0000077877 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 952636730 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1775 SHERMAN STREET STREET 2: SUITE 3000 CITY: DENVER STATE: CO ZIP: 80203 BUSINESS PHONE: 303-860-5800 MAIL ADDRESS: STREET 1: PDC ENERGY, INC. STREET 2: 1775 SHERMAN ST CITY: SUITE 3000 STATE: CO ZIP: 80203 FORMER COMPANY: FORMER CONFORMED NAME: PETROLEUM DEVELOPMENT CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: YELLOW WING URANIUM CORP DATE OF NAME CHANGE: 19730606 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BROOKMAN BARTON R JR CENTRAL INDEX KEY: 0001234638 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37419 FILM NUMBER: 161341600 MAIL ADDRESS: STREET 1: 1775 SHERMAN STREET, SUITE 3000 CITY: DENVER STATE: CO ZIP: 80203 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2016-01-11 0 0000077877 PDC ENERGY, INC. PDCE 0001234638 BROOKMAN BARTON R JR 1775 SHERMAN STREET, SUITE 3000 DENVER CO 80203 1 1 0 0 CEO, President & Director Common Stock 2016-01-11 4 M 0 12050 A 127453 D Common Stock 2016-01-11 4 F 0 3936 51.63 D 123517 D Common Stock 2016-01-11 4 A 0 30483 0.00 A 154000 D Common Stock 3750 I By 401(k) Plan Performance Share Rights 2016-01-11 4 M 0 6025 D 2015-12-31 Common Stock 6025 0 D Stock Appreciation Rights 51.63 2016-01-11 4 A 0 29036 0.00 D 2026-01-11 Common Stock 29036 29036 D Performance Share Units 2016-01-11 4 A 0 12008 0.00 D 2018-12-31 Common Stock 12008 12008 D Each performance share/right represented a contingent right to receive shares of Company stock upon achievement of specified minimum thresholds of total shareholder return (TSR) compared to certain peers measured in December of 2015, as described in the related grant agreement. Shares granted represented a 200% payout on previously awarded performance shares/rights. Represents shares of common stock surrendered to issuer to cover tax withholding obligation of the reporting person upon vesting of shares of restricted stock pursuant to time-based vesting. The restricted stock units vest in three pro rata installments on December 29, 2016, December 28, 2017, and January 11, 2019. The Stock Appreciation Rights ("SARs") become exercisable in three pro rata installments on December 29, 2016, December 28, 2017, and January 11, 2019. The reporting person also holds additional previously awarded SARs subject to different vesting, exercise price and other criteria. Each performance share unit represents a contingent right to receive 0-200% of that number in shares of PDCE common stock. The amount reported represents the "target" number. The performance shares units vest upon continued employment and achievement of specified thresholds of total shareholder return (TSR) compared to certain peers, as measured on December of 2018 and as described in the related grant agreement. Participant also holds additional previously awarded performance shares/rights and performance share units, all subject to different future vesting and performance criteria. /s/Barton R. Brookman, Jr. 2016-01-13