Steven W. Adam - Feb 23, 2022 Form 4 Insider Report for SILVERBOW RESOURCES, INC. (SBOW)

Role
EVP and COO
Signature
/s/ ADAM STEVEN W
Stock symbol
SBOW
Transactions as of
Feb 23, 2022
Transactions value $
-$150,879
Form type
4
Date filed
2/25/2022, 03:45 PM
Previous filing
Jun 30, 2021
Next filing
Feb 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBOW Common Stock Award $0 +16.4K +32.3% $0.00 67.2K Feb 23, 2022 Direct F1
transaction SBOW Common Stock Award $0 +25K +37.27% $0.00 92.2K Feb 23, 2022 Direct
transaction SBOW Common Stock Tax liability -$151K -6.25K -6.77% $24.16 86K Feb 23, 2022 Direct
transaction SBOW Common Stock Gift $0 -18.8K -21.86% $0.00 67.2K Feb 23, 2022 Direct
transaction SBOW Common Stock Gift $0 +18.8K +32.46% $0.00 76.7K Feb 23, 2022 Adam Family Living Trust F2, F3
holding SBOW Common Stock 6.28K Feb 23, 2022 IRA F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The award consists of restricted stock units which vest annually, on the first day of the month following the anniversary of the grant date, in three substantially equal installments.
F2 Mr. Adam and his spouse are both trustees and beneficiaries of the Adam Family Living Trust, and therefore Mr. Adam has shared voting and investment control of the shares therein.
F3 The shares reflected as indirectly owned by the Adam Family Living Trust were previously reported as directly held. This filing correctly classifies the ownership of the shares.
F4 The shares reflected as indirectly owned by the insider under an IRA were previously reported as directly held. This filing correctly classifies the ownership of the shares.