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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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. | |||
| 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. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Performance Share Units | (4) | 02/19/2024 | A(4) | 26,452 | (4) | 12/31/2026 | Common Stock | 26,452 | $ 0 | 26,452 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Foschi Marianella 555 - 17TH STREET, SUITE 3700 DENVER, CO 80202 |
CFO & Treasurer | |||
| By: Rosemary Morice, Attorney-in-Fact For: Marianella Foschi | 02/21/2024 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(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) | The restricted stock units are scheduled to vest in three equal installments on February 19, 2025, February 19, 2026, and February 19, 2027. |
| (2) | In January 2021, the reporting person was granted a performance unit award with a performance period beginning on January 20, 2021 and ending on January 20, 2024, based on the Issuer's absolute total stockholder return ("TSR") as further specified in the award agreement. The actual number of shares that could be earned and vest ranged from zero to 200% of the target number of shares. On February 19, 2024, the Compensation Committee determined that there was a payout with respect to TSR-based performance units. |
| (3) | Represents shares withheld to satisfy tax withholding obligations upon vesting of performance stock units. |
| (4) | The number of performance stock units that could be earned and vest under this grant depend on the Issuer's absolute total shareholder return over the performance period beginning on January 1, 2024 and ending on December 31, 2026. The actual number of shares that may vest ranges from zero to 225% of the target number of shares. |