5 June 2009director interest notice● Neutral
Approach Resources Inc EVP - Land Manoushagian Ralph P. received 16,364 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 May 2009director interest notice● Neutral
Approach Resources Inc VP - Operations Reed Glenn Wilson sold 6,051 shares.
12 May 2009director interest notice● Neutral
Approach Resources Inc director Brandi James H bought 1,000 shares on the open market at $7.86.
29 Apr 2009director interest notice● Neutral
Approach Resources Inc VP - Operations Reed Glenn Wilson sold 18,751 shares.
16 Apr 2009debt financing▼ Bad
A fourth amendment keeps the borrowing base and commitment at $100 million but raises the cost of borrowing: the Eurodollar margin goes from 1.25%-2.00% to 2.25%-3.25%, the base rate margin from 0% to 1.25%-2.25%, and the unused commitment fee from 0.375% to 0.50%. Borrowing under the facility becomes more expensive for shareholders' company.
20 Mar 2009director interest notice● Neutral
Approach Resources Inc VP - Operations Reed Glenn Wilson sold 17,000 shares at $5.78.
16 Mar 2009director interest notice● Neutral
Approach Resources Inc VP - Operations Reed Glenn Wilson sold 6,799 shares at $4.03.
17 Feb 2009substantial holder notice● Neutral
NWQ Investment Management Company, LLC reported a Approach Resources Inc shareholding of 1,544,505 shares (7.48% of votes) in a periodic institutional filing.
17 Feb 2009substantial holder notice● Neutral
Wellington Management Company, LLP reported no remaining Approach Resources Inc shareholding in its periodic institutional filing.
11 Feb 2009substantial holder notice● Neutral
TimesSquare Capital Management, LLC disclosed a new substantial Approach Resources Inc shareholding (5.30% of votes).
28 Jan 2009director interest notice● Neutral
Approach Resources Inc director Sheldon B Lubar received 14,139 shares as part of the equity award.
28 Jan 2009director interest notice● Neutral
Approach Resources Inc director Brandi James H received 10,000 shares as part of the equity award.
28 Jan 2009director interest notice● Neutral
Approach Resources Inc director Whyte Christopher J. received 13,353 shares as part of the equity award.
28 Jan 2009director interest notice● Neutral
Approach Resources Inc director James C Crain received 13,353 shares as part of the equity award.
27 Jan 2009director interest notice● Neutral
Approach Resources Inc EVP & General Counsel J Curtis Henderson had 5,621 shares withheld for taxes on vesting stock.
17 Nov 2008director interest notice● Neutral
Approach Resources Inc Exec VP ? Eng & Operations Reed Glenn Wilson sold 1,108 shares at $12.50.
17 Nov 2008director interest notice● Neutral
Approach Resources Inc Exec VP of Eng & Ops Reed Glenn Wilson exercised stock options for 34,614 shares and disposed of 44,014 shares.
14 Nov 2008director interest notice● Neutral
Approach Resources Inc director Bryan H Lawrence disposed of 936,451 shares via option/appreciation-right settlement.
14 Nov 2008director interest notice● Neutral
Approach Resources Inc 10%+ owner Yorktown Energy Partners V LP disposed of 936,451 shares via option/appreciation-right settlement.
14 Nov 2008director interest notice● Neutral
Approach Resources Inc 10%+ owner Yorktown V CO LLC disposed of 936,451 shares via option/appreciation-right settlement.
13 Nov 2008director interest notice● Neutral
Approach Resources Inc Exec VP of Eng & Ops Glenn W Reed exercised stock options for 34,614 shares and disposed of 44,014 shares.
15 Sept 2008director interest notice● Neutral
Approach Resources Inc director Sheldon B Lubar bought 4,600 shares on the open market.
11 Sept 2008director interest notice● Neutral
Approach Resources Inc director Sheldon B Lubar bought 20,400 shares on the open market.
11 Sept 2008director interest notice● Neutral
Approach Resources Inc director Sheldon B Lubar bought 8,466 shares on the open market.
10 Sept 2008director interest notice● Neutral
Approach Resources Inc President & CEO Craft J. Ross bought 10,000 shares on the open market.
10 Sept 2008director interest notice● Neutral
Approach Resources Inc EVP, CFO and Treasurer Smart Steven P. bought 5,100 shares on the open market.
10 Sept 2008director interest notice● Neutral
Approach Resources Inc director Brandi James H bought 1,917 shares on the open market.
28 Aug 2008material agreement● Neutral
A third amendment to the credit agreement adds Fortis Capital and KeyBank as lenders (Frost 30%, JPMorgan 30%, Fortis 20%, KeyBank 20%) and adds a covenant capping debt at 3.5 times EBITDAX. The filing also discloses the earlier May 2008 second amendment, which raised the borrowing base and commitments to $100 million.
15 Aug 2008substantial holder notice● Neutral
Michael C. Murr, Eva G. Murr disclosed a new substantial Approach Resources Inc shareholding (5.00% of votes).
11 Aug 2008director interest notice● Neutral
Approach Resources Inc 10%+ owner Yorktown Energy Partners V LP disposed of 940,979 shares via option/appreciation-right settlement.