STRATTON J. JAY JR. (Chief Operating Officer) reported 2 transactions at ULTRA PETROLEUM CORP

Review the transaction codes below to understand the nature of each event.

STRATTON J. JAY JR.

Filed: 3/12/2019ACC: 0000899243-19-007370

InsiderSTRATTON J. JAY JR.CIK 1714805

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IssuerULTRA PETROLEUM CORPCIK 1022646

Officer· Chief Operating Officer

Since Jul 2018

+8K

Net shares

Net buyer

$10.0K

Total acquired

Open market trades

0B · 0S

Total transactions

8K acquired

Non-Derivative Transactions2

Common Stock

Direct

X · X

+2.50K

Price / share

$2.50

Trade value

$6.25K

% of position

1250.0%

12/26/2018

200.00→2.70K

Common Stock

Direct

X · X

+1.50K

Price / share

$2.50

Trade value

$3.75K

% of position

55.6%

1/18/2019

2.70K→4.20K

Total

Net shares

+4K

Net value

$10K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/26/2018	X · X	+2.50K	$2.50	$6.25K	1250.0%	200.00	2.70K
Common Stock Direct	1/18/2019	X · X	+1.50K	$2.50	$3.75K	55.6%	2.70K	4.20K
Total			+4K		$10K

Derivative Transactions2

Put Option (obligation to buy)

Direct

X · X

Converts to

Common Stock

2.50K shares

+2.50K

Strike price

2.50

Held after

4.50K

Exercisable

—

12/26/2018

Put Option (obligation to buy)

Direct

X · X

Converts to

Common Stock

1.50K shares

+1.50K

Strike price

2.50

Held after

Exercisable

—

1/18/2019

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Put Option (obligation to buy) Direct	Common Stock2.50K shares	12/26/2018	X · X	+2.50K	2.50	—	4.50K
Put Option (obligation to buy) Direct	Common Stock1.50K shares	1/18/2019	X · X	+1.50K	2.50	—	3K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)1

Put Option (obligation to buy)

Direct

Underlying security

Common Stock

Underlying shares

N/A

Shares owned

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

0.00

Owned

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Put Option (obligation to buy) Direct	Common Stock		—	—	N/A	3K
Total					0.00	3K