Statement of Changes in Beneficial Ownership (4)
October 05 2020 - 4:12PM
Edgar (US Regulatory)
FORM 4
[X]
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
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
VAN KLEEF WILLIAM T |
2. Issuer Name and Ticker or Trading Symbol
NOBLE ENERGY INC
[
NBL
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
1001 NOBLE ENERGY WAY |
3. Date of Earliest Transaction
(MM/DD/YYYY)
10/5/2020 |
(Street)
HOUSTON, TX 77070
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Noble Energy, Inc. Common Stock | 10/5/2020 | | D | | 125352 | D | (1)(2) | 0 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. 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 Date | 7. 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) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Employee Stock Option Grant (Right to Buy) | $44.57 | 10/5/2020 | | D | | | 5600 | 2/1/2012 | 2/1/2021 | Noble Energy Inc. Common Stock | 5600 | (3)(4) | 0 | D | |
Employee Stock Option Grant (Right to Buy) | $50.91 | 10/5/2020 | | D | | | 5028 | 2/1/2013 | 2/1/2022 | Noble Energy Inc. Common Stock | 5028 | (3)(4) | 0 | D | |
Employee Stock Option Grant (Right to Buy) | $54.60 | 10/5/2020 | | D | | | 4710 | 2/1/2014 | 2/1/2023 | Noble Energy Inc. Common Stock | 4710 | (3)(4) | 0 | D | |
Employee Stock Option Grant (Right to Buy) | $62.33 | 10/5/2020 | | D | | | 4011 | 1/31/2015 | 1/31/2024 | Noble Energy Inc. Common Stock | 4011 | (3)(4) | 0 | D | |
Employee Stock Option Grant (Right to Buy) | $47.74 | 10/5/2020 | | D | | | 5350 | 1/30/2016 | 1/30/2025 | Noble Energy Inc. Common Stock | 5350 | (3)(4) | 0 | D | |
Employee Stock Option Grant (Right to Buy) | $31.65 | 10/5/2020 | | D | | | 9900 | 2/1/2017 | 2/1/2026 | Noble Energy Inc. Common Stock | 9900 | (3)(4) | 0 | D | |
Employee Stock Option Grant (Right to Buy) | $39.46 | 10/5/2020 | | D | | | 7541 | 2/1/2018 | 2/1/2027 | Noble Energy Inc. Common Stock | 7541 | (3)(4) | 0 | D | |
Explanation of Responses: |
(1) | On October 5, 2020, pursuant to the Agreement and Plan of Merger dated as of July 20, 2020 (the "Merger Agreement"), by and among Chevron Corporation ("Chevron"), Chelsea Merger Sub Inc. ("Merger Sub") and Noble Energy, Inc. ("Noble Energy"), Merger Sub merged with and into Noble Energy (the "Merger"), with Noble Energy surviving the Merger as a direct, wholly-owned subsidiary of Chevron. Pursuant to the Merger Agreement, each share of Noble Energy common stock issued and outstanding immediately prior to the effective time of the Merger was converted into the right to receive 0.1191 of a share of Chevron common stock. On October 2, 2020 (the day prior to the Merger), the closing price of one share of Chevron common stock was $71.19. |
(2) | Pursuant to the Merger Agreement, each award of shares of restricted Noble Energy common stock, subject to vesting, repurchase or other lapse restriction solely based on continued service (a "Noble Energy RS Award"), was converted into an award, on the same terms and conditions as were applicable under such Noble Energy RS award immediately prior to the effective time of the Merger (including any provisions for acceleration) with respect to the number (rounded to the nearest whole number) of shares of Chevron common stock determined by multiplying (i) the number of shares of Noble Energy common stock subject to such Noble Energy RS Award immediately prior to the effective time of the Merger by (ii) 0.1191 of a share of Chevron common stock. |
(3) | Pursuant to the Merger Agreement, each outstanding option to purchase shares of Noble Energy common stock (a "Noble Energy Stock Option") was converted into an option to acquire, on the same terms and conditions as were applicable under such Noble Energy Stock Option immediately prior to the effective time of the Merger (including any provisions for acceleration), the number (rounded down to the nearest whole number) of shares of Chevron common stock determined by multiplying (i) the number of shares of Noble Energy common stock subject to such Noble Energy Stock Option immediately prior to the effective time of the merger by (ii) 0.1191 of a share of Chevron common stock. |
(4) | (Continued from footnote 3) The exercise price per share of Chevron common stock subject to each converted option is equal to (x) the exercise price per share of Noble Energy common stock that was subject to the applicable Noble Energy Stock Option immediately prior to the effective time of the Merger divided by (y) 0.1191 (rounded up to the nearest one hundredth of a cent). |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
VAN KLEEF WILLIAM T 1001 NOBLE ENERGY WAY HOUSTON, TX 77070 | X |
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Signatures
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/s/ Rachel Clingman, attorney-in-fact for William T. Van Kleef | | 10/5/2020 |
**Signature of Reporting Person | Date |
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