Statement of Changes in Beneficial Ownership (4)
04 June 2020 - 8:21AM
Edgar (US Regulatory)
FORM 4
[X]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Tolmachev Oleg E |
2. Issuer Name and Ticker or Trading Symbol
Montage Resources Corp
[
MR
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Former EVP & COO |
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(Last)
(First)
(Middle)
2316 BRIDGEWOOD DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
6/1/2020 |
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(Street)
ROANOKE, TX 76262
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | 6/1/2020 | | M | | 24791 | A | (1)(2) | 152228 | D | |
| Common Stock | 6/1/2020 | | F | | 7491 (3) | D | $6.12 (4) | 144737 | D | |
| Common Stock | 6/1/2020 | | F | | 10531 (5) | D | $6.12 (4) | 134206 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Performance Units | (1) | 6/1/2020 | | M | | | 9951 | (1) | (1) | Common Stock | 9951 | $0.00 | 2807 | D | |
| Performance Units | (1) | 6/1/2020 | | D | | | 2807 | (1) | (1) | Common Stock | 2807 | $0.00 | 0 | D | |
| Performance Units | (2) | 6/1/2020 | | M | | | 14840 | (2) | (2) | Common Stock | 14840 | $0.00 | 24160 | D | |
| Performance Units | (2) | 6/1/2020 | | D | | | 24160 | (2) | (2) | Common Stock | 24160 | $0.00 | 0 | D | |
| Explanation of Responses: |
| (1) | On February 23, 2018, the Reporting Person was granted 12,758 performance units (as adjusted to reflect the 15-to-1 reverse stock split of the Issuer's common stock on February 28, 2019) pursuant to the Issuer's 2014 Long-Term Incentive Plan, with each performance unit representing the right to receive one share of the Issuer's common stock. On June 1, 2020, 9,951 of the performance units vested and the remaining 2,807 performance units were forfeited. |
| (2) | On June 18, 2019, the Reporting Person was granted 39,000 performance units pursuant to the Issuer's 2019 Long-Term Incentive Plan, with each performance unit representing the right to receive one share of the Issuer's common stock. On June 1, 2020, 14,840 of the performance units vested and the remaining 24,160 performance units were forfeited. |
| (3) | Represents shares withheld to satisfy tax withholding obligations upon vesting of performance units. |
| (4) | Represents the closing price per share of the Issuer's common stock on May 29, 2020, which was the last trading day immediately preceding the June 1, 2020 vesting date. |
| (5) | Represents shares withheld to satisfy tax withholding obligations upon vesting of restricted stock units that were granted to the Reporting Person on February 23, 2018 under the Issuer's 2014 Long-Term Incentive Plan and upon vesting of restricted stock units that were granted to the Reporting Person on June 18, 2019 under the Issuer's 2019 Long-Term Incentive Plan. The restricted stock units vested on June 1, 2020 in accordance with the terms and conditions of the underlying restricted stock unit award agreements. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Tolmachev Oleg E
2316 BRIDGEWOOD DRIVE
ROANOKE, TX 76262 |
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| Former EVP & COO |
Signatures
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| /s/ Oleg E. Tolmachev | | 6/3/2020 |
| **Signature of Reporting Person | Date |
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