Sec Form 4 Filing - MIXON ART M III @ PETROQUEST ENERGY INC - 2016-11-12

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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
MIXON ART M III
2. Issuer Name and Ticker or Trading Symbol
PETROQUEST ENERGY INC [ PQ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Exec VP - Operations and Prod
(Last) (First) (Middle)
400 E. KALISTE SALOOM RD., SUITE 6000
3. Date of Earliest Transaction (MM/DD/YY)
11/12/2016
(Street)
LAFAYETTE, LA70508
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 11/12/2016 M 7,998 A $ 0 ( 1 ) 126,406 ( 2 ) D
Common Stock 11/12/2016 F 2,596 D $ 3.2 123,810 D
Common Stock 11/12/2016 F 1,771 D $ 3.2 122,039 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
Restricted Stock Units ( 1 ) 11/12/2016 M 7,998 ( 3 ) ( 3 ) Common Stock 7,998 $ 0 7,999 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MIXON ART M III
400 E. KALISTE SALOOM RD.
SUITE 6000
LAFAYETTE, LA70508
Exec VP - Operations and Prod
Signatures
/s/ Arthur M. Mixon III 11/15/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each Restricted Stock Unit represents a continent right to receive one share of PetroQuest common stock.
( 2 )The number of shares acquired and the number of shares beneficially owned following the transaction have been adjusted to reflect the one for four reverse split of the common stock effective May 18, 2016 (the "Reverse Split"). Also includes 2,520 and 6,574 post Reverse Split shares acquired under PetroQuest's employee stock purchase plan on January 31, 2016 and July 31, 2016, respectively.
( 3 )On November 12, 2014 the reporting person was granted 23,996 post Reverse Split Restricted Stock Units. One third of the Restricted Stock Units vest on each of the first, second and third anniversaries of the grant date. The applicable number of shares of PetroQuest common stock will be delivered to the reporting person on each such vesting date.

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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