Christopher Clason - Oct 1, 2021 Form 4 Insider Report for CIMAREX ENERGY CO (XEC)

Role: SVP and Chief HR Officer
Signature: /s/ Francis B. Barron, as Attorney-in-Fact
Stock symbol: XEC
Transactions as of: Oct 1, 2021
Transactions value $: -$4,925,841
Form type: 4
Date filed: 10/5/2021, 09:17 PM
Next filing: Nov 9, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XEC	Common Stock	Award	$0	+15.6K	+13.79%	$0.00	128K	Oct 1, 2021	Direct	F1, F2
transaction	XEC	Common Stock	Tax liability	-$4.93M	-56.5K	-43.98%	$87.20	71.9K	Oct 1, 2021	Direct	F3
transaction	XEC	Common Stock	Disposed to Issuer		-71.9K	-100%		0	Oct 1, 2021	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Christopher Clason is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Reflects the conversion of a performance-based restricted stock award in connection with the Agreement and Plan of Merger, dated May 23, 2021, as amended on June 29, 2021 (the "Merger Agreement"), by and among Cabot Oil & Gas Corporation ("Cabot"), Double C Merger Sub, Inc. ("Merger Sub") and Cimarex Energy Co. ("Cimarex"), pursuant to which Cimarex was merged with and into Merger Sub, effective as of October 1, 2021 (the "Merger"). Each converted Cabot restricted stock award is subject to the same terms and conditions (including service-based vesting terms but excluding performance criteria) as applied to the corresponding Cimarex performance-based restricted stock award as of immediately prior to the effective time of the Merger. The performance-based restricted stock award was originally subject to the satisfaction of certain performance criteria through December 1, 2022, provided that the reporting person remained in continuous employment with Cimarex through that date.
F2	The number of securities beneficially owned as reported in column 5 consists of 58,045 shares of restricted stock subject to service-based vesting and 70,388 shares subject to service-based vesting and, prior to the Merger, the satisfaction of certain performance criteria.
F3	Represents shares withheld for taxes upon the vesting of the shares referenced in Notes 1 and 2 above that vested at the effective time of the Merger.
F4	This Form 4 reports securities disposed upon the effectiveness of the Merger. At the effective time, each outstanding share of Cimarex common stock was converted into the right to receive 4.0146 shares of Cabot common stock.