Matador Resources Co — Director's Dealing 2020

Feb 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Matador Resources Co (MTDR)
CIK: 0001520006
Period of Report: 2020-02-20

Reporting Person: Hairford Matthew V (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-20	Common Stock	M	10000	$9	Acquired	42601	Direct
2020-02-20	Common Stock	F	7873	$13.01	Disposed	34728	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-20	Employee Stock Option	$9.0	M	10000	Disposed	2020-02-21	Common Stock (10000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	298898	Indirect
Common Stock	9500	Indirect

Footnotes

F1: Includes 15,723 shares of restricted stock granted to the reporting person on February 16, 2018 that vest on the third anniversary of the date of grant.

F2: Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy the exercise price and tax liability based upon the exercise of 10,000 employee stock options that were granted to the reporting person on February 22, 2010. No shares were sold by the reporting person to satisfy the exercise price or the tax liability.

F3: The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these shares. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.

F4: Represents shares held of record by the Hairford Family Trust for which both the reporting person and his spouse are trustees.

F5: The employee stock options were fully vested on February 22, 2014.