Charles M. Sledge - 01 Nov 2021 Form 4 Insider Report for VINE ENERGY INC.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 01 Nov 2021
Net transaction value: $0
SEC form: 4
Accepted by SEC: 03 Nov 2021, 19:38:08 UTC
Prior SEC filing: 14 Jul 2021
Next SEC filing: 06 Jan 2022
Source filing: View source filing
Reporting owner signature: /s/ Jonathan C. Curth, as Attorney-in-Fact for Charles M. Sledge

Key filing fact

Charles M. Sledge filed Form 4 for VINE ENERGY INC. on 03 Nov 2021.

Key facts

This page summarizes Charles M. Sledge's Form 4 filing for VINE ENERGY INC..
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 03 Nov 2021, 19:38.

Change

Previous filing in this sequence was filed on 14 Jul 2021.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VEI transaction

Class A common stock

Award

Transaction value: $0
Shares: +28,571
Change %
Price: $0.000000
Shares after: 28,571
Date: 01 Nov 2021
Ownership: Direct
Footnotes: F1, F2, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Charles M. Sledge is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

On November 1, 2021, pursuant to the Agreement and Plan of Merger dated as of August 10, 2021 (the "merger agreement"), (i) a wholly owned subsidiary of Chesapeake Energy Corporation ("Chesapeake") merged with and into Vine Energy Inc. ("Vine"), with Vine surviving the merger as a wholly owned subsidiary of Chesapeake (the "first merger" and the surviving entity, the "surviving corporation", the time of such first merger being the "effective time"); and (ii) immediately following the first merger, the surviving corporation merged with and into Hannibal Merger Sub LLC, a wholly owned subsidiary of Chesapeake ("Merger Sub LLC"), with Merger Sub LLC surviving the merger as a wholly owned subsidiary of Chesapeake (the "second merger" and, together with the first merger, the "merger").

Footnote F2

(Continued from Footnote 1) At the effective time, each outstanding Vine restricted stock unit award that was accelerated by its terms by reason of the merger or as a result of a termination of employment at or immediately after the effective time became fully vested and was converted into the right to receive the merger consideration (net of applicable withholding taxes) in respect of each share of Class A common stock, par value $0.01 per share of Vine ("Vine Class A common stock"), subject to such Vine restricted stock unit award immediately prior to the effective time. At the effective time, each Vine restricted stock unit award that was not accelerated by its terms by reason of the merger was cancelled and converted into a number of Chesapeake restricted stock unit awards.

Footnote F3

(Continued from Footnote 2) Following the effective time, the Chesapeake restricted stock units become subject to substantially the same terms and conditions that were applicable to Vine restricted stock unit awards immediately prior to the effective time, except that any performance-based vesting condition has been treated as having been attained based on target performance, so that such Chesapeake restricted stock unit award remains solely subject to the time-based vesting requirements in effect for the Vine restricted stock unit awards immediately prior to the effective time.

Footnote F4

The reporting person received 7,103 shares of common stock, par value $0.01 per share of Chesapeake (the "Chesapeake Common Stock") as merger consideration as a result of 28,571 Vine restricted stock units which fully vested at the effective time by a result of a termination of employment at or immediately after the effective time.