Sec Form 4 Filing - ABUNDIS CHRISTOPHER M @ SILVERBOW RESOURCES, INC. - 2019-05-21

Insider filing report for Changes in Beneficial Ownership
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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
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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1. Name and Address of Reporting Person
ABUNDIS CHRISTOPHER M
2. Issuer Name and Ticker or Trading Symbol
SILVERBOW RESOURCES, INC. [ SBOW]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SR VP, GC & SECY
(Last) (First) (Middle)
575 N DAIRY ASHFORD, STE 1200
3. Date of Earliest Transaction (MM/DD/YY)
05/21/2019
(Street)
HOUSTON, TX77079
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 05/21/2019 D( 1 ) 5,333 D 27,360 D
COMMON STOCK 05/21/2019 A( 3 ) 14,100 A 41,460 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option (right to buy) $ 31.14 05/21/2019 D 43,626 08/09/2019( 1 ) 08/09/2028 SilverBow Resources, Inc. Common Stock 43,626 ( 2 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ABUNDIS CHRISTOPHER M
575 N DAIRY ASHFORD, STE 1200
HOUSTON, TX77079
SR VP, GC & SECY
Signatures
/s/ ABUNDIS CHRISTOPHER M 05/23/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The cancelled award provided for vesting in three equal installments beginning on the first anniversary of the grant date.
( 2 )On May 21, 2019, the Issuer cancelled, pursuant to a one-time equity award exchange program for certain equity awards approved by the Issuer's shareholders on the same date, awards for 5,333 Restricted Stock Units and 43,626 Nonqualified Stock Options with respect to the Issuer's common stock, both granted to the Reporting Person on August 9, 2018. The Reporting Person received replacement awards of 14,100 Restricted Stock Units and 14,100 Performance Stock Units at target performance. As the vesting of the Performance Stock Units is based on the Issuer's total shareholder return performance relative to its peers, they are not currently reportable under SEC rules and such units are not reported on this Form 4.
( 3 )The Restricted Stock Units vest annually in three substantially equal installments on March 5 of each of 2020, 2021 and 2022.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).

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