Initial Statement of Beneficial Ownership (3)
August 29 2016 - 4:55PM
Edgar (US Regulatory)
FORM 3
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0104
Estimated average burden
hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Gaebe Brian
|
2. Date of Event Requiring Statement (MM/DD/YYYY)
8/19/2016
|
3. Issuer Name
and
Ticker or Trading Symbol
EXCO RESOURCES INC [XCO]
|
(Last)
(First)
(Middle)
12377 MERIT DRIVE, SUITE 1700
|
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director
_____ 10% Owner
___
X
___ Officer (give title below)
_____ Other (specify below)
See Remarks /
|
(Street)
DALLAS, TX 75251
(City)
(State)
(Zip)
|
5. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
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 Beneficially Owned
|
1.Title of Security
(Instr. 4)
|
2. Amount of Securities Beneficially Owned
(Instr. 4)
|
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
|
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
|
Common Stock
|
49999
(1)
|
D
|
|
Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security
(Instr. 4)
|
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
|
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
|
4. Conversion or Exercise Price of Derivative Security
|
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
|
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
|
Date Exercisable
|
Expiration Date
|
Title
|
Amount or Number of Shares
|
Employee Stock Option (Right to Buy)
|
(2)
|
2/1/2023
|
Common Stock
|
10000
|
$6.43
|
D
|
|
Performance Share Units
|
(3)
|
(3)
|
Common Stock
|
300000
|
$0.00
|
D
|
|
Explanation of Responses:
|
(
1)
|
Includes shares of restricted common stock issued to Mr. Gaebe pursuant to the EXCO Resources, Inc. Amended and Restated 2005 Long-Term Incentive Plan, as amended (the "Plan"). Unvested shares of restricted stock are subject to forfeiture, accelerated vesting and other restrictions as more fully set forth in the Plan and each agreement pursuant to which restricted shares were issued.
|
(
2)
|
This option is fully vested and currently exercisable.
|
(
3)
|
Represents performance-based share units ("PSUs") that vest at a rate between 0% and 150% of the target number of PSUs (the number of PSUs listed herein) during a three-year performance cycle beginning on July 1, 2016 and ending on July 1, 2019 based on the issuer's relative total shareholder return in comparison to the total shareholder return of a predetermined peer group over the performance cycle. 25% of the PSUs shall be eligible to vest on July 1, 2017 and the remaining 75% of the PSUs shall be eligible to vest on July 1, 2019. The PSUs were issued to Mr. Gaebe pursuant to the Plan and the Performance-Based Share Unit Award Agreement dated July 1, 2016. The PSUs may be settled, at the issuer's discretion, in cash or shares of common stock, and are subject to forfeiture, accelerated vesting and other restrictions as more fully set forth in these agreements.
|
Remarks:
Chief Accounting Officer and Corporate Controller
|
Reporting Owners
|
Reporting Owner Name / Address
|
Relationships
|
Director
|
10% Owner
|
Officer
|
Other
|
Gaebe Brian
12377 MERIT DRIVE
SUITE 1700
DALLAS, TX 75251
|
|
|
See Remarks
|
|
Signatures
|
/s/ Brian Gaebe
|
|
8/29/2016
|
**
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 5(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 control number.
|