Initial Statement of Beneficial Ownership (3)
April 06 2018 - 4:58PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Lynch Richard D.
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2. Date of Event Requiring Statement (MM/DD/YYYY)
4/2/2018
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3. Issuer Name
and
Ticker or Trading Symbol
HESS CORP [HES]
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(Last)
(First)
(Middle)
C/O HESS CORPORATION, 1185 AVENUE OF THE AMERICAS
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4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director
_____ 10% Owner
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X
___ Officer (give title below)
_____ Other (specify below)
Senior Vice President /
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(Street)
NEW YORK, NY 10036
(City)
(State)
(Zip)
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5. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
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X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security
(Instr. 4)
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2. Amount of Securities Beneficially Owned
(Instr. 4)
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3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
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4. Nature of Indirect Beneficial Ownership
(Instr. 5)
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Common Stock, $1.00 par value
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33363
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D
(1)
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 4)
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2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
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3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
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4. Conversion or Exercise Price of Derivative Security
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5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
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6. Nature of Indirect Beneficial Ownership
(Instr. 5)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Option to purchase Common Stock
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3/3/2016
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3/3/2025
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Common Stock, $1.00 par value
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3968
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$74.49
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D
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Option to purchase Common Stock
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3/3/2017
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3/3/2025
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Common Stock, $1.00 par value
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3968
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$74.49
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D
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Option to purchase Common Stock
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3/3/2018
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3/3/2025
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Common Stock, $1.00 par value
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3969
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$74.49
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D
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2016 Performance Share Unit
(2)
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3/1/2016
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(3)
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Common Stock, $1.00 par value
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12611
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$0.00
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D
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Option to purchase Common Stock
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3/1/2017
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3/1/2026
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Common Stock, $1.00 par value
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6252
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$44.31
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D
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Option to purchase Common Stock
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3/1/2018
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3/1/2026
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Common Stock, $1.00 par value
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6252
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$44.31
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D
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Option to purchase Common Stock
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3/1/2019
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3/1/2026
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Common Stock, $1.00 par value
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6252
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$44.31
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D
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2017 Performance Share Unit
(4)
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3/6/2017
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(3)
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Common Stock, $1.00 par value
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14188
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$0.00
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D
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Option to purchase Common Stock
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3/6/2018
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3/6/2027
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Common Stock, $1.00 par value
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5743
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$51.03
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D
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Option to purchase Common Stock
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3/6/2019
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3/6/2027
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Common Stock, $1.00 par value
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5743
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$51.03
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D
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Option to purchase Common Stock
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3/6/2020
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3/6/2027
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Common Stock, $1.00 par value
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5743
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$51.03
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D
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2018 Performance Share Unit
(5)
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3/6/2018
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(3)
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Common Stock, $1.00 par value
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12573
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$0.00
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D
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Option to purchase Common Stock
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3/6/2019
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3/6/2028
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Common Stock, $1.00 par value
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6087
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$48.48
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D
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Option to purchase Common Stock
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3/6/2020
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3/6/2028
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Common Stock, $1.00 par value
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6087
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$48.48
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D
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Option to purchase Common Stock
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3/6/2021
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3/6/2028
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Common Stock, $1.00 par value
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6088
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$48.48
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D
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Explanation of Responses:
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(1)
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This amount includes 13,219 shares held in escrow pursuant to the Corporation's Long Term Incentive Plans. The reporting person has only voting power of these shares until lapsing of the period set by the Committee administering the Plans at which time the shares plus accrued dividends will be delivered to the reporting person if he is still an employee of the Corporation.
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(2)
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Each 2016 Performance Share Unit entitles the holder to a payout of shares of Hess common stock equal to between 0% and 200% of such Performance Share Unit depending on the relative performance of the total shareholder return of Hess common stock compared with that of its peers over a three year performance period ending December 31, 2018, as more particularly described in the applicable award agreement.
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(3)
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Not applicable
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(4)
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Each 2017 Performance Share Unit entitles the holder to a payout of shares of Hess common stock equal to between 0% and 200% of such Performance Share Unit depending on the relative performance of the total shareholder return of Hess common stock compared with that of its peers over a three year performance period ending December 31, 2019, as more particularly described in the applicable award agreement.
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(5)
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Each 2018 Performance Share Unit entitles the holder to a payout of shares of Hess common stock equal to between 0% and 200% of such Performance Share Unit depending on the relative performance of the total shareholder return of Hess common stock compared with that of its peers over a three year performance period ending December 31, 2020, as more particularly described in the applicable award agreement.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Lynch Richard D.
C/O HESS CORPORATION
1185 AVENUE OF THE AMERICAS
NEW YORK, NY 10036
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Senior Vice President
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Signatures
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Barry Schachter for Richard D. Lynch
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4/6/2018
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 5(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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.
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