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EGY Vaalco Energy Inc

6.34
0.00 (0.00%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Vaalco Energy Inc NYSE:EGY NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.34 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

30/06/2020 2:18pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Prochnow Elizabeth D
2. Issuer Name and Ticker or Trading Symbol

VAALCO ENERGY INC /DE/ [ EGY ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Financial Officer
(Last)          (First)          (Middle)

9800 RICHMOND AVE., SUITE 700
3. Date of Earliest Transaction (MM/DD/YYYY)

6/25/2020
(Street)

HOUSTON, TX 77042
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 6/25/2020  A  52500 (1)A$0.00 70769 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Options $1.23 6/25/2020  A   84677 (2)   6/25/2021 6/25/2024 Common Stock 84677 $0.00 84677 D  

Explanation of Responses:
(1) The Company granted shares of restricted stock under the Company's 2020 Long-Term Incentive Compensation Plan. The shares vest in three equal annual installments beginning on the first anniversary of the date of grant.
(2) Stock options issued on June 25, 2020 vest in equal installments annually on June 25, 2021, June 25, 2022 and June 25, 2023 and upon satisfaction of stock price appreciation of 15%, 32.5% and 52.5%, respectably, using a 30 day average stock price from the stock price on the date of the grant

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Prochnow Elizabeth D
9800 RICHMOND AVE.
SUITE 700
HOUSTON, TX 77042


Chief Financial Officer

Signatures
/s/Elizabeth Prochnow by Michael G. Silver as attorney-n-fact6/29/2020
**Signature of Reporting PersonDate

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