STRATTON J. JAY JR. (Chief Operating Officer) reported 3 transactions at ULTRA PETROLEUM CORP

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

STRATTON J. JAY JR.

Filed: 10/7/2019ACC: 0001714805-19-000002

InsiderSTRATTON J. JAY JR.CIK 1714805

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IssuerULTRA PETROLEUM CORPCIK 1022646

Officer· Chief Operating Officer

Since Jul 2018

+2.97K

Net shares

Net buyer

$15.0K

Total acquired

Open market trades

0B · 0S

Total transactions

3K acquired · 30.00 disposed

Non-Derivative Transactions3

Common Stock

Direct

X · X

+500.00

Price / share

$5.00

Trade value

$2.50K

% of position

0.2%

6/24/2019

252.62K→253.12K

Common Stock

Direct

X · X

+2K

Price / share

$5.00

Trade value

$10K

% of position

0.8%

7/8/2019

253.12K→255.12K

Common Stock

Direct

X · X

+500.00

Price / share

$5.00

Trade value

$2.50K

% of position

0.2%

8/9/2019

255.12K→255.62K

Total

Net shares

+3K

Net value

$15K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	6/24/2019	X · X	+500.00	$5.00	$2.50K	0.2%	252.62K	253.12K
Common Stock Direct	7/8/2019	X · X	+2K	$5.00	$10K	0.8%	253.12K	255.12K
Common Stock Direct	8/9/2019	X · X	+500.00	$5.00	$2.50K	0.2%	255.12K	255.62K
Total			+3K		$15K

Derivative Transactions3

Put Option (obligation to buy)

Direct

X · X

Converts to

Common Stock

0.00 shares

−5.00

Strike price

Held after

2.50K

Exercisable

—

6/24/2019

Put Option (obligation to buy)

Direct

X · X

Converts to

Common Stock

0.00 shares

−20.00

Strike price

Held after

500.00

Exercisable

—

7/8/2019

Put Option (obligation to buy)

Direct

X · X

Converts to

Common Stock

0.00 shares

−5.00

Strike price

Held after

0.00

Exercisable

—

8/9/2019

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Put Option (obligation to buy) Direct	Common Stock0.00 shares	6/24/2019	X · X	−5.00	—	2.50K
Put Option (obligation to buy) Direct	Common Stock0.00 shares	7/8/2019	X · X	−20.00	—	500.00
Put Option (obligation to buy) Direct	Common Stock0.00 shares	8/9/2019	X · X	−5.00	—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)1

Restricted Stock Units

Direct

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

1.08M

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

0.00

Owned

1.08M

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Restricted Stock Units Direct	Common Stock		—	—	0.00	1.08M
Total					0.00	1.08M