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Filing Details

Accession Number:: 0000899243-19-022120
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-08-20 17:15:22
Reporting Period:: 2019-08-16

Accepted Time:: 2019-08-20 17:15:22
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1022646	Ultra Petroleum Corp	UPL	Crude Petroleum & Natural Gas (1311)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1518277	Bradley C Johnson	116 Inverness Drive East #400 Englewood CO 80112	President, Ceo And Director	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2019-08-16	102,670	$0.10	354,212	No	4	P	Direct
Common Stock	Acquisiton	2019-08-19	743,296	$0.12	1,097,508	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Units	$0.00			163,622	2,388,116	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	163,622	2,388,116	Direct

Footnotes

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.1028 to $0.1050, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range stated.
The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.1095 to $0.1250, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range stated.
Each restricted stock unit represents a contingent right to receive one common share of the Company.
327,245 of the restricted stock units are time-based and scheduled to vest, if at all, in two equal annual installments beginning on May 25, 2020. 359,712 of the restricted stock units are time-based and scheduled to vest, if at all, in three equal annual installments beginning on March 1, 2020. The time-based awards will terminate and the applicable restricted stock units will not vest if the Reporting Person is not employed by the Company on the date any portion of the award is scheduled to vest.
(Continued from Footnote 4) 1,701,159 of the restricted stock units are subject to both performance-based and time-based vesting terms. The performance-based vesting conditions are assessed based on the volume-weighted average price of the Company's common shares as measured over 60 consecutive trading days relative to pre-established price goals. Once a performance-based vesting condition is achieved, the restricted stock units that have become performance vested will time-vest over the two or three-year period following the date on which they became performance vested.