Statement of Changes in Beneficial Ownership (4)
April 04 2018 - 4:33PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
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
*
WATSON ROBERT L G
|
2. Issuer Name
and
Ticker or Trading Symbol
ABRAXAS PETROLEUM CORP
[
AXAS
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
President/CEO
|
(Last)
(First)
(Middle)
18803 MEISNER DRIVE
|
3. Date of Earliest Transaction
(MM/DD/YYYY)
4/4/2018
|
(Street)
SAN ANTONIO, TX 78258
(City)
(State)
(Zip)
|
4. 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 Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security
(Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. 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
|
Abraxas Petroleum Common Stock
|
4/1/2018
|
|
A
|
|
52511
|
A
|
$2.19
|
1394867
|
D
|
|
Abraxas Petroleum Common Stock
|
3/31/2018
(1)
|
|
P
|
|
7478
(1)
|
A
|
$2.20
|
61365
|
I
|
401-K
|
Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security
(Instr. 3)
|
2. Conversion or Exercise Price of Derivative Security
|
3. Trans. Date
|
3A. Deemed Execution Date, if any
|
4. Trans. 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
|
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 of Derivative Security: 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
|
Performance-based Restricted Stock Unit
|
$0
(2)
|
4/1/2018
|
|
M
|
|
52511
|
|
(3)
|
(3)
|
Abraxas Petroleum Common Stock
|
52511
|
$2.19
|
0
(3)
|
D
|
|
Employee Stock Option
|
$.97
|
|
|
|
|
|
|
3/15/2017
|
3/15/2026
|
Abraxas Petroleum Common Stock
|
415000
|
|
415000
|
D
|
|
Employee Stock Option
|
$3.16
|
|
|
|
|
|
|
3/3/2016
|
3/3/2025
|
Abraxas Petroleum Common Stock
|
300000
|
|
300000
|
D
|
|
Employee Stock Option
|
$3.15
|
|
|
|
|
|
|
3/11/2016
|
3/11/2025
|
Abraxas Petroleum Common Stock
|
46000
|
|
46000
|
D
|
|
Employee Stock Option
|
$2.39
|
|
|
|
|
|
|
5/14/2014
|
5/14/2023
|
Abraxas Petroleum Common Stock
|
42000
|
|
42000
|
D
|
|
Employee Stock Option
|
$3.74
|
|
|
|
|
|
|
3/8/2013
|
3/8/2022
|
Abraxas Petroleum Common Stock
|
20000
|
|
20000
|
D
|
|
Employee Stock Option
|
$4.72
|
|
|
|
|
|
|
3/15/2012
|
3/15/2021
|
Abraxas Petroleum Common Stock
|
60000
|
|
60000
|
D
|
|
Employee Stock Option
|
$2.09
|
|
|
|
|
|
|
3/16/2011
|
3/16/2020
|
Abraxas Petroleum Common Stock
|
90000
|
|
90000
|
D
|
|
Employee Stock Option
|
$1.75
|
|
|
|
|
|
|
10/5/2010
|
10/5/2019
|
Abraxas Petroleum Common Stock
|
267750
|
|
267750
|
D
|
|
Employee Stock Option
|
$0.99
|
|
|
|
|
|
|
3/17/2010
|
3/17/2019
|
Abraxas Petroleum Common Stock
|
125000
|
|
125000
|
D
|
|
Employee Stock Option
|
$3.60
|
|
|
|
|
|
|
8/28/2011
|
8/28/2017
|
Abraxas Petroleum Common Stock
|
41624
|
|
41624
|
D
|
|
Explanation of Responses:
|
(1)
|
401-K shares acquired as a result of Abraxas Petroleum safe harbor match for calendar year 2017.
|
(2)
|
Each performance-based restricted stock unit (RSU) represents the right to receive, following vesting, up to 200% of one share of Abraxas Petroleum common stock. The resulting number of shares of Abraxas Petroleum common stock acquired upon vesting of the performance based RSU is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three year period beginning April 1, 2018 and ending April 1, 2021.
|
(3)
|
Unless earlier forfeited under the terms of the performance-based RSUs, each performance based vest and converts into no more than 200% of one share of Abraxas Petroleum common stock.
|
Reporting Owners
|
Reporting Owner Name / Address
|
Relationships
|
Director
|
10% Owner
|
Officer
|
Other
|
WATSON ROBERT L G
18803 MEISNER DRIVE
SAN ANTONIO, TX 78258
|
|
|
President/CEO
|
|
Signatures
|
Robert L.G. Watson
|
|
4/4/2018
|
**
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 control number.
|
Abraxas Petroleum (CE) (USOTC:AXAS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Abraxas Petroleum (CE) (USOTC:AXAS)
Historical Stock Chart
From Apr 2023 to Apr 2024