Matador Resources Co — Director's Dealing 2020

Feb 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Matador Resources Co (MTDR)
CIK: 0001520006
Period of Report: 2020-02-13

Reporting Person: Lancaster David E (EVP and CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-13	Phantom Units	$	M	17951	Disposed		Common Stock (17951.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	373475	Direct
Common Stock	75500	Indirect

Footnotes

F1: Includes 14,226 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: Each phantom unit is the economic equivalent of one share of the Issuer's common stock. As required by the terms of the award, upon the February 13, 2020 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $13.01 per unit based upon the closing price of the Issuer's common stock on such date. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.

F3: The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, February 13, 2019.