Statement of Changes in Beneficial Ownership (4)
April 01 2020 - 4:30PM
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
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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
*
Mills Greg L |
2. Issuer Name and Ticker or Trading Symbol
ADAMS RESOURCES & ENERGY, INC.
[
AE
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President, GulfMark Energy |
(Last)
(First)
(Middle)
17 SOUTH BRIAR HOLLOW LANE, SUITE 100 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/30/2020 |
(Street)
HOUSTON, TX 77027
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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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. 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 |
Restricted stock units | (1) | 3/30/2020 | | A | | 1117 | | (2) | (2) | Common stock | 1117.0 | $0 | 1117 | D | |
Performance share units | (3) | 3/30/2020 | | A | | 1117 | | (3) | (3) | Common stock | 1117.0 | $0 | 1117 | D | |
Explanation of Responses: |
(1) | The reporting person received a grant of 1,117 restricted stock units of Adams Resources & Energy, Inc. (AE) on March 30, 2020. Each restricted stock unit represents a contingent right to receive one share of AE common stock upon vesting. |
(2) | The restricted stock units will vest (i.e., the restrictions will lapse) in three equal annual installments beginning on March 1, 2021, provided the reporting person remains in continuing active service on the vesting date (subject to accelerated vesting in some circumstances). |
(3) | The reporting person received a grant of 1,117 performance share units of Adams Resources & Energy, Inc. on March 30, 2020. The performance share units will vest on March 1, 2023, provided the reporting person remains in continuing active service on the vesting date (subject to accelerated vesting in certain circumstances), and subject to the attainment of certain performance criteria as specified in the award agreement. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Mills Greg L 17 SOUTH BRIAR HOLLOW LANE SUITE 100 HOUSTON, TX 77027 |
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| President, GulfMark Energy |
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Signatures
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/s/ Greg L. Mills | | 4/1/2020 |
**Signature of Reporting Person | Date |
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