UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Act of 1934
Date of Report (Date of earliest event reported): August 1, 2014
Synergy Resources Corporation
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(Exact name of registrant as specified in its charter)
Colorado 001-35245 20-2835920
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
20203 Highway 60
Platteville, Colorado 80651
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(Address of principal executive offices) (Zip Code)
(970) 737-1073
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(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CRF 240.133-4(c))
Item 8.01 Other Events.
On August 1, 2014, each of Ed Holloway, Co-Chief Executive Officer and a
director of Synergy Resources Corporation (the "Company"), William E. Scaff,
Co-Chief Executive Officer and a director of the Company, and Frank L. Jennings,
Chief Financial Officer of the Company, adopted pre-arranged stock trading plans
to sell shares of the Company's common stock beneficially owned by them. The
plans were established as part of their individual long-term strategies for
asset diversification and liquidity. The plans were established under Rule
10b5-1 of the Securities Exchange Act of 1934, as amended, and the Company's
polices regarding securities transactions.
Pursuant to Mr. Holloway's 10b5-1 trading plan, a brokerage firm may sell
up to 350,000 shares of the Company's common stock beneficially owned by him on
or before February 27, 2015. The maximum number of shares that may be sold by
Mr. Holloway constitutes less than 1% of the Company's issued and outstanding
shares of common stock. If all shares under the plan are sold, Mr. Holloway
would continue to beneficially own 2,901,287 shares of the Company's common
stock (as of August 6, 2014).
Pursuant to Mr. Scaff's 10b5-1 trading plan, a brokerage firm may sell up
to 350,000 shares of the Company's common stock beneficially owned by him on or
before February 27, 2015. The maximum number of shares that may be sold by Mr.
Scaff constitutes less than 1% of the Company's issued and outstanding shares of
common stock. If all shares under the plan are sold, Mr. Scaff would continue to
beneficially own 2,901,287 shares of the Company's common stock (as of August 6,
2014).
Pursuant to the 10b5-1 trading plan of Mr. Jennings, a brokerage firm may
sell up to 50,000 shares of the Company's common stock beneficially owned by him
on or before February 27, 2015. The maximum number of shares that may be sold by
Mr. Jennings constitutes less than 1% of the Company's issued and outstanding
shares of common stock. If all shares under the plan are sold, Mr. Jennings
would continue to beneficially own 186,618 shares of the Company's common stock
(as of August 6, 2014).
Each of plans is effective September 2, 2014 and is scheduled to terminate
on the earlier to occur of February 27, 2015, when all of trades under the plan
have been executed; the date the plan broker receives notice of the liquidation,
dissolution, bankruptcy, insolvency the business combination involving the
Company, or death or incapacity of the individual, or the plan broker receives
notice of the individual's termination of the plan.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Synergy Resources Corporation
Dated: August 6, 2014 /s/ Frank L. Jennings
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Frank L. Jennings
Chief Financial Office
