QEP Resources, Inc.

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SEC Filings

PRE 14A
QEP RESOURCES, INC. filed this Form PRE 14A on 03/09/2018
Entire Document
 

Grants of Plan-Based Awards for 2017

This table sets forth the plan-based awards granted to the NEOs during 2017. For non-equity and equity incentive plans, it provides the ranges of possible awards. For stock and option awards, the table sets forth the number of shares or options granted and the grant date fair values of those awards.
Name
Grant Date
Estimated Future Payouts Under
Non-Equity 
Incentive Plan Awards
1
Estimated Future Payouts 
Under
Equity Incentive Plan Awards
All
Other
Stock
Awards:
Number
of
Shares
of Stock
or Units
(#)
All Other
Option
Awards:
Number
of
Securities
Under-
lying
Options
(#)
Exercise
or Base
Price of
Option
Awards
6
($/share)
Grant Date
Fair Value
of Stock
and Option
Awards
($)
Threshold
($)
Target
($)
Maximum
($)
Threshold
(#)
Target
(#)
Maximum
(#)
Charles B.
Stanley
2/13/17
AIP
1,2 
-
935,000

1,870,000

 
 
 
 
 
 
 
2/13/17
PSU
3 
 

 
70,672

141,343

282,686

 
 
 
2,400,004

2/13/17
SO
4 



 
 
 
 
133,705

16.98

871,757

2/13/17
RS
5 






84,806

 
 
1,440,006

Richard J.
Doleshek
2/13/17
AIP
1,2 
-
551,000

1,102,000

 
 
 
 
 
 
 
2/13/17
PSU
3 
 

 
34,747

69,494

138,988

 
 
 
1,180,008

2/13/17
SO
4 



 
 
 
 
65,739

16.98

428,618

2/13/17
RS
5 






41,697

 
 
708,015

Jim E.
Torgerson
2/13/17
AIP
1,2 
-
489,250

978,500

 
 
 
 
 
 
 
2/13/17
PSU
3 
 

 
32,392

64,783

129,566

 
 
 
1,100,015

2/13/17
SO
4 







 
61,282

16.98

399,559

2/13/17
RS
5 


 
 
 
 
38,870

 
 
660,013

Christopher K. Woosley
2/13/17
AIP
1,2 
-
287,250

574,500




 
 
 
 
2/13/17
PSU
3 
 

 
11,779

23,558

47,116

 
 
 
400,015

2/13/17
SO
4 






 
27,856

16.98

181,621

2/13/17
RS
5 






23,558

 
 
400,015

Margo D. Fiala
2/13/17
AIP
1,2 
-
172,800

345,600

 
 
 
 
 
 
 
2/13/17
PSU
3 
 
 
 
5,595

11,190

22,380

 
 
 
190,006

2/13/17
SO
4 
 
 
 
 
 
 
 
13,232

16.98

86,273

2/13/17
RS
5 
 
 
 
 
 
 
11,190

 
 
190,006

Matthew T. Thompson
2/13/17
AIP
1,2 
-
192,000

384,000





 
 
 
 
2/13/17
PSU
3 





5,890

11,779

23,558

 
 
 
200,007

2/13/17
SO
4 









 
13,928

16.98

90,811

2/13/17
RS
5 









11,779

 
 
200,007

9/15/17
SO
7 










4,339

21.69 8

260

9/15/17
SO
7 










6,998

10.12 8

6,508

9/15/17
SO
7 










4,524

16.98 8

769

9/15/17
RS
7 









16,860



134,206

9/15/17
PSU
7 





2,484

4,967

9,934




41,514

9/15/17
PSU
7 





5,765

11,529

23,058





9/15/17
PSU
7 





1,473

2,945

5,890






1.
The amounts included in these columns reflect estimated future cash payouts under the annual incentive program of our CIP based on a targeted percentage of actual base salaries for 2017. Actual incentive payouts earned in 2017 are reflected in the Non-Equity Incentive Plan Compensation column (g) of the Summary Compensation Table.
2.
There is no applicable threshold for the AIP.
3.
This row represents the range of the number of PSUs that may be earned with respect to PSUs granted pursuant to our CIP in 2017. Payment for earned awards is made in cash or shares after the end of the three-year performance period ending December 31, 2019. If threshold levels of performance are not met, then actual payout will be zero.
4.
This row sets forth options granted pursuant to our LTSIP during 2017.
5.
This row sets forth the annual grants of restricted stock pursuant to our LTSIP during 2017.
6.
The exercise price represents the closing price per share of QEP common stock on grant date.
7.
As noted in footnotes 8 and 9 of the Summary Compensation Table, the Compensation Committee amended the terms of Mr. Thompson's (i) performance share unit agreements under the CIP to modify the vesting of 19,441 PSUs, (ii) restricted stock agreements under the LTSIP to accelerate the vesting of 16,860 shares of restricted stock, and (iii) stock option agreements under the LTSIP to accelerate the vesting of stock options to purchase 15,861 shares of common stock, all effective September 15, 2017. Without such amendments, all awards would have been forfeited. The modification of the awards requires the presentation of the amended awards as "new" grants in this table.
8.
The exercise price represents the closing price per share of QEP common stock on the original grant date. The exercise price was not modified when the stock option was accelerated in connection with Mr. Thompson's departure.

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