Eric M. Willis - 05 Jan 2024 Form 4 Insider Report for Amplify Energy Corp. (AMPY)

Role
SVP, GENERAL COUNSEL & CORPORATE SECRETARY
Signature
/s/ Eric M. Willis
Issuer symbol
AMPY
Transactions as of
05 Jan 2024
Transactions value $
-$81,443
Form type
4
Filing time
08 Jan 2024, 16:06:44 UTC
Previous filing
20 Mar 2023
Next filing
05 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMPY Common Stock, par value $0.01 per share Options Exercise +31.1K +26.44% 149K 05 Jan 2024 Direct F1
transaction AMPY Common Stock, par value $0.01 per share Tax liability -$81.4K -13.7K -9.23% $5.93 135K 05 Jan 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AMPY Performance Stock Units Options Exercise $0 -18.6K -22.15% $0.00 65.5K 05 Jan 2024 Common Stock 18.6K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares of common stock, par value $0.01 per share ("Common Stock"), of Amplify Energy Corp. (the "Company") granted upon settlement of previously awarded restricted stock units with performance and service-based vesting conditions ("PSUs"). On January 5, 2024, the Compensation Committee (the "Compensation Committee") of the Company certified the Company's relative total shareholder return performance over the third performance period, which ran from January 1, 2021 through December 31, 2023, resulting in 50% of the PSUs originally granted on April 1, 2021 becoming earned at 167% of the target amount.
F2 These PSUs were granted under the Amplify Energy Corp. Equity Incentive Plan and vest pursuant to the Company's achievement of certain performance goals and so long as the reporting person remains employed by the Company through the vesting date. Each PSU represents a contingent right to receive, upon vesting, up to 200% of the target amount. On January 5, 2024, the Compensation Committee certified the Company's relative total shareholder return performance over the third performance period, which ran from January 1, 2021 through December 31, 2023, resulting in 50% of the PSUs originally granted on April 1, 2021 becoming earned at 167% of the target amount.

Remarks:

SVP, GENERAL COUNSEL & CORPORATE SECRETARY