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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | |||
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Performance Stock Units (2023) | (2) | (2) | Common Stock | 18,775 | $ (2) | D | |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| HOLYOAK CHET 7900 E UNION AVE, SUITE 320 DENVER, CO 80237 |
Interim CFO | |||
| /s/ Chet Holyoak | 08/10/2023 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Represents restricted stock units ("RSUs") issued under the Issuer's 2016 Equity Incentive Plan. The RSUs are scheduled to vest in three equal tranches on March 17, 2024, March 17, 2025 and March 17, 2026. |
| (2) | Represents performance stock units ("PSUs") issued under the Issuer's 2016 Equity Incentive Plan. The PSUs were granted on March 17, 2023. Each PSU represents the right to receive one share of the Issuer's common stock or cash equal to the value of one share of the Issuer's common stock. The Reporting Person may earn between 0% - 150% of the target PSUs based on the total shareholder return of the Issuer during the performance period of January 1, 2023 through December 31, 2025, measured against the total shareholder return of selected peer companies. The performance stock units are scheduled to 100% vest on December 31, 2025. |