Gary D. Packer - 05 Oct 2021 Form 4 Insider Report for Lonestar Resources US Inc.

Reporting relationship: Vice President-Rocky Mountains, Director
Issuer ticker: N/A
Reported as of: 05 Oct 2021
Net transaction value: $0
SEC form: 4
Accepted by SEC: 07 Oct 2021, 06:11:00 UTC
Source filing: View source filing
Reporting owner signature: /s/ Jason Werth, as Attorney-In-Fact for Gary D. Packer

Key filing fact

Gary D. Packer filed Form 4 for Lonestar Resources US Inc. on 07 Oct 2021.

Key facts

This page summarizes Gary D. Packer's Form 4 filing for Lonestar Resources US Inc..
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 07 Oct 2021, 06:11.

Change

No earlier filing in this sequence is available for direct comparison.
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.

LONE transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -9,800
Change %: -100%
Price
Shares after: 0
Date: 05 Oct 2021
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LONE transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +10,015
Change %: +72%
Price: $0.000000
Shares after: 24,015
Date: 05 Oct 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,015
Exercise price
Footnotes: F3, F4

LONE transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
Shares: -24,015
Change %: -100%
Price
Shares after: 0
Date: 05 Oct 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 24,015
Exercise price
Footnotes: F3, F5

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Gary D. Packer is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 5 footnotes

Footnote F1

On October 5, 2021, pursuant to the Agreement and Plan of Merger dated as of July 10, 2021 (the "Merger Agreement"), by and among Penn Virginia Corporation ("Penn Virginia"), Lonestar Resources US Inc. ("Lonestar") and the other parties thereto, Upsilon Merger Sub Inc. merged with and into Lonestar (the "First Merger"), with Lonestar surviving the First Merger as the surviving corporation (the "Surviving Corporation"), and following the First Merger, the merger of the Surviving Corporation with and into Pi Merger Sub LLC ("Merger Sub LLC"), with Merger Sub LLC continuing as the surviving entity. Pursuant to the Merger Agreement, each share of Lonestar common stock issued and outstanding immediately prior to the effective time of the First Merger was converted into the right to receive 0.51 shares of Penn Virginia common stock (the "Exchange Ratio").

Footnote F2

(Continued from footnote 1) On October 4, 2021 (the day prior to the effective time of the First Merger), the closing price of one share of Penn Virginia common stock was $32.32.

Footnote F3

Each restricted stock unit ("RSU") represented the right to receive one share of Lonestar common stock. Pursuant to the Merger Agreement, each RSU of Lonestar outstanding as of immediately prior to the effective time of the First Merger became fully vested and was cancelled and converted into the right to receive a number of shares of Penn Virginia common stock obtained by multiplying (A) the number of shares of Lonestar common stock subject to such RSU as of immediately prior to the effective time of the First Merger, by (B) the Exchange Ratio, less applicable tax withholdings. On October 4, 2021 (the day prior to the effective time of the First Merger), the closing price of one share of Penn Virginia common stock was $32.32.

Footnote F4

This award of RSUs provided for vesting with respect to (x) 50% of the RSUs on the date of grant, and (y) 50% of the RSUs on December 31, 2021.

Footnote F5

These awards of RSUs, which vested in full pursuant to the Merger Agreement, consisted of (i) 28,000 time-based RSUs which provided for vesting with respect to (x) 50% of the time-based RSUs on April 13, 2020, and (y) 50% of the time-based RSUs on December 31, 2021 and (ii) 10,015 time-based RSUs granted immediately prior to the consummation of the transactions contemplated by the Merger Agreement, which provided for vesting with respect to (x) 50% of the time-based RSUs on the date of grant, and (y) 50% of the time-based RSUs on December 31, 2021.