Lance Lauck - Mar 7, 2022 Form 4 Insider Report for PDC ENERGY, INC. (PDCE)

Role
EVP, Corp. Dev. & Strategy
Signature
/s/ Nicole L. Martinet, by power of attorney
Stock symbol
PDCE
Transactions as of
Mar 7, 2022
Transactions value $
-$380,471
Form type
4
Date filed
3/7/2022, 07:01 PM
Previous filing
Mar 1, 2022
Next filing
Aug 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCE Common Stock Options Exercise $125K +3.37K +1.76% $37.18 194K Mar 3, 2022 Direct
transaction PDCE Common Stock Options Exercise $125K +3.37K +1.73% $37.18 198K Mar 3, 2022 Direct
transaction PDCE Common Stock Options Exercise $125K +3.37K +1.7% $37.18 201K Mar 3, 2022 Direct
transaction PDCE Common Stock Options Exercise $167K +3.37K +1.67% $49.57 205K Mar 3, 2022 Direct
transaction PDCE Common Stock Options Exercise $167K +3.37K +1.65% $49.57 208K Mar 3, 2022 Direct
transaction PDCE Common Stock Options Exercise $167K +3.37K +1.62% $49.57 211K Mar 3, 2022 Direct
transaction PDCE Common Stock Tax liability -$500K -7.52K -3.56% $66.59 204K Mar 3, 2022 Direct F1
transaction PDCE Common Stock Tax liability -$75.4K -1.13K -0.56% $66.59 203K Mar 3, 2022 Direct F2
transaction PDCE Common Stock Tax liability -$375K -5.57K -2.75% $67.36 197K Mar 3, 2022 Direct F3
transaction PDCE Common Stock Sale -$305K -4.52K -2.3% $67.44 193K Mar 3, 2022 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 PDCE Stock Appreciation Rights Options Exercise $0 -3.37K -100% $0.00* 0 Mar 3, 2022 Common Stock 3.37K $37.18 Direct
transaction PDCE Stock Appreciation Rights Options Exercise $0 -3.37K -100% $0.00* 0 Mar 3, 2022 Common Stock 3.37K $37.18 Direct
transaction PDCE Stock Appreciation Rights Options Exercise $0 -3.37K -100% $0.00* 0 Mar 3, 2022 Common Stock 3.37K $37.18 Direct
transaction PDCE Stock Appreciation Rights Options Exercise $0 -3.37K -100% $0.00* 0 Mar 3, 2022 Common Stock 3.37K $49.57 Direct
transaction PDCE Stock Appreciation Rights Options Exercise $0 -3.37K -100% $0.00* 0 Mar 3, 2022 Common Stock 3.37K $49.57 Direct
transaction PDCE Stock Appreciation Rights Options Exercise $0 -3.37K -100% $0.00* 0 Mar 3, 2022 Common Stock 3.37K $49.57 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 7,516 shares representing the deemed exercise price for the Stock Appreciation Rights with an exercise price of $49.57 per share.
F2 Includes 1,132 shares surrendered to issuer to cover tax withholding obligations of the reporting person for the Stock Appreciation Rights with an exercise price of $49.57 per share.
F3 Includes 5,573 shares representing the deemed exercise price for the Stock Appreciation Rights with an exercise price of $37.18 per share.