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Filing Details

Accession Number:: 0001022646-20-000021
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-09-02 18:11:00
Reporting Period:: 2020-08-31

Accepted Time:: 2020-09-02 18:11:00
SEC Url:: Form 4 Filing

Issuer

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

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1196791	W David Honeyfield	C/O Ultra Petroleum Corp. 116 Inverness Drive East Suite 400 Englewood CO 80112	Sr Vp, Chief Financial Officer	No	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	Disposition	2020-08-31	450,990	$0.01	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	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			1,025,024	1,025,024	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	1,025,024	1,025,024	Direct

Footnotes

The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.0065 to $0.0066, 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 sold at each separate price within the range stated.
Each restricted stock unit represents a contingent right to receive one common share of the Company.
136,352 of such remaining restricted stock units are time-based and will vest, if at all, in two equal annual installments beginning on November 9, 2020. 119,904 of the restricted stock units set forth in box 9 of this Form 4 are time-based and will vest, if at all, in two equal annual installments beginning March 1, 2021. 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 3) 768,768 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.