| Accession Number: | 0000899243-19-007374 |
| Date: | 2019-03-11 |
| Issuer: | ULTRA PETROLEUM CORP (UPL) |
| Original Submission Date: |
STRATTON J. JAY JR.
116 INVERNESS DRIVE EAST #400
ENGLEWOOD, CO 80112
| Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
|---|---|---|---|---|---|---|---|---|---|
| COMMON STOCK | 2019-03-11 | 0 | $0.00 | 4,200 | direct |
| Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RESTRICTED STOCK UNITS | 0.0 | 2019-03-11 | deemed execution date | A | 179,856 (a) | common stock 179,856 | $0.00 | 793,440 | direct | |||
| RESTRICTED STOCK UNITS | 0.0 | 2019-03-11 | deemed execution date | A | 359,712 (a) | common stock 359,712 | $0.00 | 1,153,152 | direct | |||
| PUT OPTION (OBLIGATION TO BUY) | 0.0 | 2019-03-11 | deemed execution date | 0 ( ) | common stock | $0.00 | 3,000 | direct |
| ID | footnote |
|---|---|
| f1 | each restricted stock unit represents a contingent right to receive one share of common stock of the company. |
| f2 | the restricted stock units are time-based and will vest, if at all, in three equal annual installments beginning on march 1, 2020. the award will terminate and the applicable restricted stock units will not vest if the reporting person is not employed by the reporting person on the date any portion of the award is scheduled to vest. |
| f3 | 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. |
| f4 | the reporting person is party to written put contracts obligating him to buy 3,000 shares of the company's common stock, exercisable at $5.00 per share, to the holder of the put option, on january 17, 2020. |
