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Filing Details

Accession Number:: 0001594466-20-000118
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-08-20 17:50:22
Reporting Period:: 2020-08-18

Accepted Time:: 2020-08-20 17:50:22
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1594466	Parsley Energy Inc.	PE	Crude Petroleum & Natural Gas (1311)	464314192

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1606914	Bryan Sheffield	303 Colorado Street Austin TX 78701	See Remarks	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
Class A Common Stock	Acquisiton	2020-08-18	900,000	$0.00	9,310,686	No	4	C	Direct
Class A Common Stock	Disposition	2020-08-18	300,000	$12.12	9,010,686	No	4	S	Direct
Class A Common Stock	Disposition	2020-08-19	300,000	$12.00	8,710,686	No	4	S	Direct
Class A Common Stock	Disposition	2020-08-20	300,000	$11.46	8,410,686	No	4	S	Direct
Class B Common Stock	Disposition	2020-08-18	900,000	$0.00	19,515,517	No	4	J	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	J	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Parsley Energy, LLC Membership Unit	Disposition	2020-08-18	900,000	$0.00	900,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
19,515,517			No	4	C	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	352,521	Indirect	By Spouse
Class A Common Stock	948,043	Indirect	By Bryan S. Sheffield Spousal Lifetime Access Trust
Class A Common Stock	297,761	Indirect	By Sharoll M. Sheffield 2012 Irrevocable Trust
Class B Common Stock	371,249	Indirect	By Spouse
Class B Common Stock	998,406	Indirect	By Bryan S. Sheffield Spousal Lifetime Access Trust
Class B Common Stock	313,579	Indirect	By Sharoll M. Sheffield 2012 Irrevocable Trust

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Parsley Energy, LLC Membership Units	$0.00	371,249	371,249	Indirect
Class A Common Stock	Parsley Energy, LLC Membership Units	$0.00	998,406	998,406	Indirect
Class A Common Stock	Parsley Energy, LLC Membership Units	$0.00	313,579	313,579	Indirect

Amount	Remaning Holdings	Nature of Ownership
371,249	371,249	Indirect
998,406	998,406	Indirect
313,579	313,579	Indirect

Footnotes

On August 18, 2020, the Reporting Person, pursuant to the terms of the Fourth Amended and Restated Limited Liability Company Agreement of Parsley Energy, LLC, dated July 22, 2019, by and among Parsley Energy, LLC and the members thereof (the "PE LLC Agreement"), exchanged 900,000 membership units of Parsley Energy, LLC (with a corresponding number of shares of Class B common stock) for 900,000 shares of Class A common stock of Parsley Energy, Inc.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.01 to $12.37, inclusive. The Reporting Person undertakes to provide to Parsley Energy, Inc., any security holder of Parsley Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.89 to $12.09, inclusive. The Reporting Person undertakes to provide to Parsley Energy, Inc., any security holder of Parsley Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.385 to $11.57, inclusive. The Reporting Person undertakes to provide to Parsley Energy, Inc., any security holder of Parsley Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Mr. Sheffield serves as the investment trustee of the Bryan S. Sheffield Spousal Lifetime Access Trust, and Mr. Sheffield and his children are beneficiaries of the Bryan S. Sheffield Spousal Lifetime Access Trust.
Mr. Sheffield's spouse serves as the investment trustee of the Sharoll M. Sheffield 2012 Irrevocable Trust, and Mr. Sheffield's spouse and children are beneficiaries of the Sharoll M. Sheffield 2012 Irrevocable Trust.
Each share of Class B common stock has no economic rights but entitles its holder to one vote on all matters to be voted on by stockholders generally.
Subject to the terms of the PE LLC Agreement, the membership units of Parsley Energy, LLC (together with a corresponding number of shares of Class B common stock) are exchangeable from time to time for Class A common stock at an exchange ratio of one share of Class A common stock for each membership unit of Parsley Energy, LLC (and a corresponding share of Class B common stock) exchanged.