Anthony William Lopez - Jan 7, 2023 Form 4 Insider Report for Amplify Energy Corp. (AMPY)

Role: SVP ENGINEERING & EXPLOITATION
Signature: /s/ Eric M. Willis, Attorney-in-Fact
Stock symbol: AMPY
Transactions as of: Jan 7, 2023
Transactions value $: -$47,598
Form type: 4
Date filed: 1/9/2023, 03:04 PM
Previous filing: Mar 17, 2022
Next filing: Feb 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMPY	Common Stock, par value $0.01 per share	Options Exercise		+14.4K	+33.65%		57.1K	Jan 7, 2023	Direct	F1
transaction	AMPY	Common Stock, par value $0.01 per share	Tax liability	-$47.6K	-5.42K	-9.48%	$8.79	51.7K	Jan 7, 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AMPY	Performance Stock Units	Options Exercise	$0	-7.19K	-14.56%	$0.00	42.2K	Jan 7, 2023	Common Stock	7.19K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Reflects shares of common stock, par value $0.01 per share ("Common Stock") of Amplify Energy Corp. (the "Company") granted upon settlement of previously awarded restricted stock units with performance and service-based vesting conditions ("PSUs"). On January 7, 2023, the Compensation Committee (the "Compensation Committee") of the Company certified the Company's relative total shareholder return performance over the second performance period, which ran from January 1, 2022 through December 31, 2022, resulting in 25% of the PSUs originally granted on April 1, 2021 becoming earned at 200% of the target amount.
F2	These PSUs were granted under the Amplify Energy Corp. Equity Incentive Plan and vest pursuant to the Company's achievement of certain performance goals and so long as the reporting person remains employed by the Company through the vesting date. Each PSU represents a contingent right to receive, upon vesting, up to 200% of the target amount. On January 7, 2023, the Compensation Committee certified the Company's relative total shareholder return performance over the second performance period, which ran from January 1, 2022 through December 31, 2022, resulting in 25% of the PSUs originally granted on April 1, 2021 becoming earned at 200% of the target amount.

Content

Reflects shares of common stock, par value $0.01 per share ("Common Stock") of Amplify Energy Corp. (the "Company") granted upon settlement of previously awarded restricted stock units with performance and service-based vesting conditions ("PSUs"). On January 7, 2023, the Compensation Committee (the "Compensation Committee") of the Company certified the Company's relative total shareholder return performance over the second performance period, which ran from January 1, 2022 through December 31, 2022, resulting in 25% of the PSUs originally granted on April 1, 2021 becoming earned at 200% of the target amount.

These PSUs were granted under the Amplify Energy Corp. Equity Incentive Plan and vest pursuant to the Company's achievement of certain performance goals and so long as the reporting person remains employed by the Company through the vesting date. Each PSU represents a contingent right to receive, upon vesting, up to 200% of the target amount. On January 7, 2023, the Compensation Committee certified the Company's relative total shareholder return performance over the second performance period, which ran from January 1, 2022 through December 31, 2022, resulting in 25% of the PSUs originally granted on April 1, 2021 becoming earned at 200% of the target amount.