David A. Pursell - 03 Jan 2022 Form 4 Insider Report for APA Corp (APA)

Role
Exec. Vice Pres - Development
Signature
Raj Sharma, Attorney-in-Fact
Issuer symbol
APA
Transactions as of
03 Jan 2022
Transactions value $
-$431,170
Form type
4
Filing time
05 Jan 2022, 18:26:40 UTC
Previous filing
04 Jan 2022
Next filing
01 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APA Common Stock Options Exercise $0 +14.5K +35.74% $0.00 55K 03 Jan 2022 Direct F1
transaction APA Common Stock Tax liability -$160K -5.7K -10.36% $28.06 49.3K 03 Jan 2022 Direct F2
transaction APA Common Stock Options Exercise +9.66K +19.58% 59K 03 Jan 2022 Direct F3
transaction APA Common Stock Disposed to Issuer -$271K -9.66K -16.38% $28.06 49.3K 03 Jan 2022 Direct F3, F4

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 APA Restricted Stock / Units Options Exercise $0 -14.5K -13.81% $0.00 90.4K 03 Jan 2022 Common Stock 14.5K $0.00 Direct F1, F5
transaction APA Restricted Stock / Units Options Exercise $0 -9.66K -10.69% $0.00 80.8K 03 Jan 2022 Common Stock 9.66K $0.00 Direct F3, F6
transaction APA Restricted Stock / Units Award $0 +22K +27.23% $0.00 103K 04 Jan 2022 Common Stock 22K $0.00 Direct F5, F7, F8
transaction APA Restricted Stock / Units Award $0 +14.7K +14.27% $0.00 117K 04 Jan 2022 Common Stock 14.7K $0.00 Direct F5, F7, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting on 01/03/2022 of restricted stock units under the employer plan. Vesting occurs ratably over three years.
F2 Shares withheld to cover required tax withholding on vesting of restricted stock.
F3 Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock and can only be settled in cash.
F4 Table does not reflect vesting on 01/03/2022 of 530 performance restricted stock units granted under the employer plan and tied solely to Altus Midstream Company's Class A common stock price. The restricted stock units can be settled only in cash and vesting occurs ratably over three years.
F5 One share of APA common stock for each restricted stock unit.
F6 Vesting on 01/03/2022 of cash-based restricted stock units under employer plan. Vesting occurs ratably over three years.
F7 With tandem tax withholding right.
F8 Restricted stock units granted 01/04/2022 under employer plan. The units vests ratably over three years.
F9 Restricted stock units granted 01/04/2022 under employer plan. The units vests ratably over three years and may only be paid in cash.