Stephen W Herod, EVP of Halcon Resources Corporation, has just filed an initial statement of beneficial ownership where 249,164 shares of Halcon Resources Corporation were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Herod. Herod operates out of Houston, TX. Some additional info was provided as follows:
The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. The reporting person is neither the trustee nor a remainderman and the trusts are irrevocable.
In accordance with the Plan approved by the B
ankruptcy Court, the exercise price of the Options on was determined after the market closed on September 20, 2016. All other details of the Option grant were reported to the Securities and Exchange Commission on September 13, 2016.
The option vests in three equal annual installments beginning September 12, 2017.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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