Porter J Russell

SEC source: 0001213900-24-031967 · ownership.xml · nonDerivative · entry 3

Porter J Russell · CIK 0001348372 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,683

F3 · kind: On March 21, 2024, the Sponsor effectuated a pro rata distribution of 40,961 shares of Class A Common Stock previously held by the Sponsor to its members, of which 2,833 were transferred to the Reporting Person.

F3 · price: On March 21, 2024, the Sponsor effectuated a pro rata distribution of 40,961 shares of Class A Common Stock previously held by the Sponsor to its members, of which 2,833 were transferred to the Reporting Person.

SEC source: 0001213900-24-031967 · ownership.xml · nonDerivative · entry 2

Porter J Russell · CIK 0001348372 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 3,234,375

F3 · kind: On March 21, 2024, the Sponsor effectuated a pro rata distribution of 40,961 shares of Class A Common Stock previously held by the Sponsor to its members, of which 2,833 were transferred to the Reporting Person.

F3 · price: On March 21, 2024, the Sponsor effectuated a pro rata distribution of 40,961 shares of Class A Common Stock previously held by the Sponsor to its members, of which 2,833 were transferred to the Reporting Person.

F2 · ownership.nature: The Sponsor is the record holder of the securities reported herein. J. Russell Porter is the sole member of the board of managers of the Sponsor. Mr. Porter may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor and disclaims any such beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

SEC source: 0001213900-24-031967 · ownership.xml · derivative · entry 4

Porter J Russell · CIK 0001348372 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 0

Underlying: Class A Common Stock · 40,961 shares

Expires 2024-02-15

F1 · shares: On February 15, 2023, the Issuer issued a non-interest bearing promissory note to CENAQ Sponsor LLC (the "Sponsor") in the principal amount of $409,612 (the "Note"). The Note may be prepaid at any time and was due and payable on or before February 15, 2024 at the Issuer's election in cash or shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), at a conversion price of $10.00 per share. On February 15, 2024, the Issuer issued to the Sponsor 40,961 shares of Class A Common Stock upon the Issuer's election to repay the Note in shares of Class A Common Stock at a conversion price of $10.00 per share.

F1 · derivative.exercise_date: On February 15, 2023, the Issuer issued a non-interest bearing promissory note to CENAQ Sponsor LLC (the "Sponsor") in the principal amount of $409,612 (the "Note"). The Note may be prepaid at any time and was due and payable on or before February 15, 2024 at the Issuer's election in cash or shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), at a conversion price of $10.00 per share. On February 15, 2024, the Issuer issued to the Sponsor 40,961 shares of Class A Common Stock upon the Issuer's election to repay the Note in shares of Class A Common Stock at a conversion price of $10.00 per share.

F2 · ownership.nature: The Sponsor is the record holder of the securities reported herein. J. Russell Porter is the sole member of the board of managers of the Sponsor. Mr. Porter may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor and disclaims any such beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

SEC source: 0001213900-24-031967 · ownership.xml · nonDerivative · entry 1

Porter J Russell · CIK 0001348372 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 3,275,336

F2 · ownership.nature: The Sponsor is the record holder of the securities reported herein. J. Russell Porter is the sole member of the board of managers of the Sponsor. Mr. Porter may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor and disclaims any such beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

SEC source: 0001013762-23-006966 · ownership.xml · nonDerivative · entry 3

Porter J Russell · CIK 0001348372 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 19,850

F3 · kind: On August 25, 2023, the Sponsor effectuated a pro rata distribution of 198,251 shares of Class A Common Stock to its members, of which 19,850 were transferred to the Reporting Person.

F3 · price: On August 25, 2023, the Sponsor effectuated a pro rata distribution of 198,251 shares of Class A Common Stock to its members, of which 19,850 were transferred to the Reporting Person.

SEC source: 0001013762-23-006966 · ownership.xml · nonDerivative · entry 2

Porter J Russell · CIK 0001348372 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 3,234,375

F3 · kind: On August 25, 2023, the Sponsor effectuated a pro rata distribution of 198,251 shares of Class A Common Stock to its members, of which 19,850 were transferred to the Reporting Person.

F3 · price: On August 25, 2023, the Sponsor effectuated a pro rata distribution of 198,251 shares of Class A Common Stock to its members, of which 19,850 were transferred to the Reporting Person.

F2 · ownership.nature: The Sponsor is the record holder of the securities reported herein. J. Russell Porter is the sole member of the board of managers of the Sponsor. Messr. Porter may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor and disclaims any such beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

SEC source: 0001013762-23-006966 · ownership.xml · nonDerivative · entry 1

Porter J Russell · CIK 0001348372 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 3,432,626

F1 · kind: On August 25, 2023, CENAQ Sponsor LLC (the "Sponsor") transferred to various third parties a total of 54,874 shares of the Issuer's Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), representing a "make-whole" amount in connection with such third parties purchasing shares of Class A Common Stock at the per share redemption price of approximately $10.31 per share from the Issuer's redeeming stockholders prior to the completion of the business combination between the Issuer, Verde Clean Fuels OpCo, LLC, Bluescape Clean Fuels Holdings, LLC, Bluescape Clean Fuels Intermediate Holdings, LLC and the Sponsor on February 15, 2023 (the "Business Combination") in lieu of their agreements to purchase shares of Class A Common Stock for $10.00 per share in a private placement.

F1 · price: On August 25, 2023, CENAQ Sponsor LLC (the "Sponsor") transferred to various third parties a total of 54,874 shares of the Issuer's Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), representing a "make-whole" amount in connection with such third parties purchasing shares of Class A Common Stock at the per share redemption price of approximately $10.31 per share from the Issuer's redeeming stockholders prior to the completion of the business combination between the Issuer, Verde Clean Fuels OpCo, LLC, Bluescape Clean Fuels Holdings, LLC, Bluescape Clean Fuels Intermediate Holdings, LLC and the Sponsor on February 15, 2023 (the "Business Combination") in lieu of their agreements to purchase shares of Class A Common Stock for $10.00 per share in a private placement.

F2 · ownership.nature: The Sponsor is the record holder of the securities reported herein. J. Russell Porter is the sole member of the board of managers of the Sponsor. Messr. Porter may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor and disclaims any such beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

SEC source: 0001013762-23-006966 · ownership.xml · derivative · entry 5

Porter J Russell · CIK 0001348372 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 254,594

Underlying: Class A Common Stock · 254,594 shares

Expires not disclosed

F4 · kind: On June 21, 2023, the Sponsor effectuated a pro rata distribution of 2,475,000 private placement warrants to its members (the "Distribution"), of which 254,594 were transferred to the Reporting Person.

F4 · price: On June 21, 2023, the Sponsor effectuated a pro rata distribution of 2,475,000 private placement warrants to its members (the "Distribution"), of which 254,594 were transferred to the Reporting Person.

F5 · derivative.exercise_date: The warrants became exercisable on March 17, 2023, 30 days after the completion of the Business Combination. The warrants will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation, as described in the prospectus for the Issuer's initial public offering.

F5 · derivative.expiration_date: The warrants became exercisable on March 17, 2023, 30 days after the completion of the Business Combination. The warrants will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation, as described in the prospectus for the Issuer's initial public offering.

SEC source: 0001013762-23-006966 · ownership.xml · derivative · entry 4

Porter J Russell · CIK 0001348372 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 0

Underlying: Class A Common Stock · 2,475,000 shares

Expires not disclosed

F4 · kind: On June 21, 2023, the Sponsor effectuated a pro rata distribution of 2,475,000 private placement warrants to its members (the "Distribution"), of which 254,594 were transferred to the Reporting Person.

F4 · price: On June 21, 2023, the Sponsor effectuated a pro rata distribution of 2,475,000 private placement warrants to its members (the "Distribution"), of which 254,594 were transferred to the Reporting Person.

F5 · derivative.exercise_date: The warrants became exercisable on March 17, 2023, 30 days after the completion of the Business Combination. The warrants will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation, as described in the prospectus for the Issuer's initial public offering.

F5 · derivative.expiration_date: The warrants became exercisable on March 17, 2023, 30 days after the completion of the Business Combination. The warrants will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation, as described in the prospectus for the Issuer's initial public offering.

F6 · ownership.nature: The Sponsor is the record holder of the securities reported herein. J. Russell Porter is the sole member, and at the time of the Distribution, John B. Connally III and Michael J. Mayell were members, of the board of managers of the Sponsor. Each of Messrs. Connally, Porter and Mayell may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor. Each such person disclaims any such beneficial ownership of such securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

SEC source: 0001213900-23-012141 · ownership.xml · derivative · entry 1

Porter J Russell · CIK 0001348372 · 10% owner · Fmr Director and CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 2,475,000

Underlying: Class A Common Stock · 2,475,000 shares

Expires not disclosed

F1 · kind: In connection with the consummation of the business combination between the Issuer, Verde Clean Fuels OpCo, LLC, Bluescape Clean Fuels Holdings, LLC, Bluescape Clean Fuels Intermediate Holdings, LLC and CENAQ Sponsor LLC ("Sponsor") on February 15, 2023 (the "Business Combination"), 2,475,000 of the Sponsor's private placement warrants were forfeited by the Sponsor to the Issuer for no consideration.

F1 · price: In connection with the consummation of the business combination between the Issuer, Verde Clean Fuels OpCo, LLC, Bluescape Clean Fuels Holdings, LLC, Bluescape Clean Fuels Intermediate Holdings, LLC and CENAQ Sponsor LLC ("Sponsor") on February 15, 2023 (the "Business Combination"), 2,475,000 of the Sponsor's private placement warrants were forfeited by the Sponsor to the Issuer for no consideration.

F2 · derivative.exercise_date: The warrants will become exercisable 30 days after the completion of the Business Combination. The warrants will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation, as described in the prospectus for the Issuer's initial public offering.

F2 · derivative.expiration_date: The warrants will become exercisable 30 days after the completion of the Business Combination. The warrants will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation, as described in the prospectus for the Issuer's initial public offering.

F3 · ownership.nature: The Sponsor is the record holder of the shares reported herein. John B. Connally III, J. Russell Porter and Michael J. Mayell are the members of the board of managers of the Sponsor. Each of Messers. Connally, Porter and Mayell may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor. Each such person disclaims any such beneficial ownership of such securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

SEC source: 0001213900-24-031963 · ownership.xml · derivative · entry 1

Porter J Russell · CIK 0001348372 · 10% owner · Fmr Director and CEO

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 1

Underlying: Class A Common Stock · 40,961 shares

Expires 2024-02-15

F1 · shares: On February 15, 2023, the Issuer issued a non-interest bearing promissory note to CENAQ Sponsor LLC (the "Sponsor") in the principal amount of $409,612 (the "Note"). The Note may be prepaid at any time and was due and payable on or before February 15, 2024 at the Issuer's election in cash or shares of Class A common stock, par value $0.0001 per share, at a conversion price of $10.00 per share.

F1 · price: On February 15, 2023, the Issuer issued a non-interest bearing promissory note to CENAQ Sponsor LLC (the "Sponsor") in the principal amount of $409,612 (the "Note"). The Note may be prepaid at any time and was due and payable on or before February 15, 2024 at the Issuer's election in cash or shares of Class A common stock, par value $0.0001 per share, at a conversion price of $10.00 per share.

F1 · derivative.exercise_date: On February 15, 2023, the Issuer issued a non-interest bearing promissory note to CENAQ Sponsor LLC (the "Sponsor") in the principal amount of $409,612 (the "Note"). The Note may be prepaid at any time and was due and payable on or before February 15, 2024 at the Issuer's election in cash or shares of Class A common stock, par value $0.0001 per share, at a conversion price of $10.00 per share.

F1 · balance_after: On February 15, 2023, the Issuer issued a non-interest bearing promissory note to CENAQ Sponsor LLC (the "Sponsor") in the principal amount of $409,612 (the "Note"). The Note may be prepaid at any time and was due and payable on or before February 15, 2024 at the Issuer's election in cash or shares of Class A common stock, par value $0.0001 per share, at a conversion price of $10.00 per share.

F2 · ownership.nature: The Sponsor is the record holder of the securities reported herein. J. Russell Porter is the sole member, and at the time of the issuance of the Note, John B. Connally III and Michael J. Mayell were members, of the board of managers of the Sponsor. Each of Messrs. Connally, Porter and Mayell may be deemed to have had or may have shared beneficial ownership of the securities held directly by the Sponsor. Each such person disclaims any such beneficial ownership of such securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person was the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

SEC source: 0001213900-22-066577 · ownership.xml · derivative · entry 2

Porter J Russell · CIK 0001348372 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 0

Underlying: Class A Common Stock · 3,487,500 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: In accordance with the third amended and restated certificate of incorporation of CENAQ Energy Corp. ("CENAQ"), CENAQ Sponsor LLC elected to convert its shares of Class B Common Stock into shares of Class A Common Stock on a one-for-one basis.

F1 · price: In accordance with the third amended and restated certificate of incorporation of CENAQ Energy Corp. ("CENAQ"), CENAQ Sponsor LLC elected to convert its shares of Class B Common Stock into shares of Class A Common Stock on a one-for-one basis.

F2 · derivative.exercise_date: The shares of Class B Common Stock were (i) convertible into shares of Class A Common Stock at CENAQ Sponsor LLC's election on a one-for-one basis and (ii) automatically convertible into shares of Class A Common Stock at the time of the closing of CENAQ's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights (which rights were waived by CENAQ Sponsor LLC in connection with CENAQ's proposed business combination), and had no expiration date.

F2 · derivative.expiration_date: The shares of Class B Common Stock were (i) convertible into shares of Class A Common Stock at CENAQ Sponsor LLC's election on a one-for-one basis and (ii) automatically convertible into shares of Class A Common Stock at the time of the closing of CENAQ's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights (which rights were waived by CENAQ Sponsor LLC in connection with CENAQ's proposed business combination), and had no expiration date.

F3 · ownership.nature: CENAQ Sponsor LLC is the record holder of the shares reported herein. John B. Connally III, J. Russell Porter and Michael J. Mayell are the members of the board of managers of CENAQ Sponsor LLC. Each of Messers. Connally, Porter and Mayell may be deemed to have or share beneficial ownership of the common stock held directly by CENAQ Sponsor LLC. Each such person disclaims any such beneficial ownership of such securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

SEC source: 0001213900-22-066577 · ownership.xml · nonDerivative · entry 1

Porter J Russell · CIK 0001348372 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 3,487,500

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: In accordance with the third amended and restated certificate of incorporation of CENAQ Energy Corp. ("CENAQ"), CENAQ Sponsor LLC elected to convert its shares of Class B Common Stock into shares of Class A Common Stock on a one-for-one basis.

F3 · ownership.nature: CENAQ Sponsor LLC is the record holder of the shares reported herein. John B. Connally III, J. Russell Porter and Michael J. Mayell are the members of the board of managers of CENAQ Sponsor LLC. Each of Messers. Connally, Porter and Mayell may be deemed to have or share beneficial ownership of the common stock held directly by CENAQ Sponsor LLC. Each such person disclaims any such beneficial ownership of such securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

SEC source: 0001209191-18-024712 · doc4.xml · derivative · entry 6

Porter J Russell · CIK 0001348372 · Director · Former CEO & President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 386,719 shares

Expires 2021-01-30

F4 · kind: Unvested performance based units forfeited upon termination.

F5 · derivative.exercise_date: These PBUs were to vest in their entirety at the end of a three-year performance period as previously reported.

SEC source: 0001209191-18-024712 · doc4.xml · derivative · entry 5

Porter J Russell · CIK 0001348372 · Director · Former CEO & President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 372,741 shares

Expires 2020-01-30

F4 · kind: Unvested performance based units forfeited upon termination.

F5 · derivative.exercise_date: These PBUs were to vest in their entirety at the end of a three-year performance period as previously reported.

SEC source: 0001209191-18-024712 · doc4.xml · derivative · entry 4

Porter J Russell · CIK 0001348372 · Director · Former CEO & President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 404,412 shares

Expires 2019-01-30

F4 · kind: Unvested performance based units forfeited upon termination.

F5 · derivative.exercise_date: These PBUs were to vest in their entirety at the end of a three-year performance period as previously reported.

SEC source: 0001209191-18-024712 · doc4.xml · nonDerivative · entry 2

Porter J Russell · CIK 0001348372 · Director · Former CEO & President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,729,265

F2 · kind: Unvested restricted shares forfeited upon termination.

SEC source: 0001209191-18-024712 · doc4.xml · nonDerivative · entry 1

Porter J Russell · CIK 0001348372 · Director · Former CEO & President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,115,984

F1 · kind: Shares forfeited to meet tax obligation of accelerated restricted share vesting upon termination.

SEC source: 0001209191-18-006390 · doc4.xml · derivative · entry 7

Porter J Russell · CIK 0001348372 · Director · Chief Executive Officer & Pres

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 386,719

Underlying: Common Stock · 386,719 shares

Expires 2021-01-30

F7 · derivative.exercise_date: These PBUs vest in their entirety at the end of the three-year performance period with settlement in common stock between 0% and 200% (**subject to limitations discussed in Footnote 8 below) of the target award based on Gastar's share price appreciation over a three-year performance period relative to a peer index. Share price appreciation is measured generally as the change in market value of common stock during the performance period. The PBUs have no voting rights but provide for dividend equivalents to be paid upon vesting.

F8 · derivative.underlying_shares: The number of PBUs reported (386,719) represents the target award. As such, the number of shares that may be issued upon vesting ranges from 0 shares to 773,438 shares. **As discussed in Footnote 7 above, at the end of the performance period, the participant may earn up to 200% of the target award, subject to a maximum award limitation of one million (1,000,000) shares that may be issued to any individual in a calendar year under the Gastar Exploration Inc. Long-Term Incentive Plan.

SEC source: 0001209191-18-006390 · doc4.xml · derivative · entry 4

Porter J Russell · CIK 0001348372 · Director · Chief Executive Officer & Pres

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 286,458 shares

Expires 2018-01-30

F5 · shares: These PBUs vested and forfeited as a result of the 2015 PBU award settling at 0% of the target award based on Gastar's share price depreciation over the performance period.

F6 · derivative.exercise_date: These PBUs vest in their entirety at the end of a three-year performance period as previously reported.

SEC source: 0001209191-18-006390 · doc4.xml · nonDerivative · entry 2

Porter J Russell · CIK 0001348372 · Director · Chief Executive Officer & Pres

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,094,110

F3 · shares: The reported shares were acquired pursuant to a restricted share grant and will vest in three equal annual installments beginning on January 30, 2019.

F2 · balance_after: Includes 2,583,300 shares acquired on various dates pursuant to previously reported restricted share grants that will vest subject to previously disclosed vesting schedules.

SEC source: 0001209191-18-006390 · doc4.xml · nonDerivative · entry 1

Porter J Russell · CIK 0001348372 · Director · Chief Executive Officer & Pres

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,707,391

F1 · shares: Shares forfeited to meet tax obligation of restricted share vesting.

F2 · balance_after: Includes 2,583,300 shares acquired on various dates pursuant to previously reported restricted share grants that will vest subject to previously disclosed vesting schedules.

SEC source: 0001209191-17-047265 · doc4.xml · nonDerivative · entry 1

Porter J Russell · CIK 0001348372 · Director · Chief Executive Officer & Pres

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,849,598

F1 · shares: The reported shares were acquired pursuant to a restricted share grant and will vest in five equal annual installments beginning on August 1, 2018.

F2 · balance_after: Includes 737,837 shares acquired on various dates pursuant to previously reported restricted share grants that will vest subject to previously disclosed vesting schedules.

SEC source: 0001209191-17-043685 · doc4.xml · derivative · entry 4

Porter J Russell · CIK 0001348372 · Director · Chief Executive Officer & Pres

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 372,741 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Not applicable.

F3 · deemedExecutionDate: Not applicable.

F3 · derivative.exercise_date: Not applicable.

F3 · derivative.expiration_date: Not applicable.

SEC source: 0001209191-17-043685 · doc4.xml · derivative · entry 3

Porter J Russell · CIK 0001348372 · Director · Chief Executive Officer & Pres

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 372,741

Underlying: Common Stock · 372,741 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Not applicable.

F3 · deemedExecutionDate: Not applicable.

F4 · shares: Represents 372,741 performance-based units ("PBUs") acquired in connection with shareholder approval of the Plan which resulted in the conversion of previously granted performance-based rights units into PBUs on June 30, 2017. The PBUs vest in their entirety at the end of a three-year performance period with settlement in common stock between 0% and 200% (subject to a maximum award limitation of one million (1,000,000) shares that may be issued to any individual in a calendar year under the Plan) of the target award based on the Gastar Exploration Inc.'s share price appreciation over a three-year performance period relative to a peer index. Share price appreciation is measured generally as the change in market value of common stock during the performance period.

F3 · derivative.exercise_date: Not applicable.

F3 · derivative.expiration_date: Not applicable.

SEC source: 0001209191-17-043685 · doc4.xml · derivative · entry 2

Porter J Russell · CIK 0001348372 · Director · Chief Executive Officer & Pres

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 372,741 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Not applicable.

F3 · deemedExecutionDate: Not applicable.

F3 · derivative.exercise_date: Not applicable.

F3 · derivative.expiration_date: Not applicable.

SEC source: 0001209191-17-043685 · doc4.xml · nonDerivative · entry 1

Porter J Russell · CIK 0001348372 · Director · Chief Executive Officer & Pres

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,649,958

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: Represents 372,741 restricted shares of common stock acquired in connection with shareholder approval of the Second Amendment to the Amended and Restated Gastar Exploration Inc. Long-Term Incentive Plan (the "Plan") which resulted in the conversion of previously granted restricted stock units ("RSUs") into restricted shares of common stock on June 30, 2017. The restricted shares will continue vesting on the same vesting schedules as the previously granted RSUs in three substantially equal installments on each anniversary of January 30, 2017.

F2 · balance_after: Includes 737,837 shares acquired on various dates pursuant to previously reported restricted share grants that will vest subject to previously disclosed vesting schedules.

SEC source: 0001209191-17-006879 · doc4.xml · derivative · entry 7

Porter J Russell · CIK 0001348372 · Director · Chief Executive Officer & Pres

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 372,741

Underlying: Common Stock · 372,741 shares

Expires 2020-01-30

F8 · derivative.exercise_date: These performance based rights units were granted in place of performance based units. At an undetermined date in the future, these performance based rights units, at the approval of the shareholders of additional shares to the Long-Term Incentive Plan, will be converted to performance based units that will vest in their entirety at the end of a three-year performance period with settlement in common stock between 0% and 200% (subject to limitations discussed below) of the target award based on Gastar's share price appreciation over a three-year performance period relative to a peer index. Share price appreciation is measured generally as the change in market value of common stock during the performance period. The performance based rights units have no voting rights. Should shareholder approval not occur, the Company will be obligated to settle the performance based rights units in cash at an amount equal to the fair value of a common share at vesting.

F9 · derivative.underlying_shares: The number of performance based rights units reported (372,741) represents the target award. As such, the number of shares that may be issued upon vesting ranges from 0 shares to 745,482 shares. **As discussed above, at the end of the performance period, the participant may earn up to 200% of the target award, subject to a maximum award limitation of one million (1,000,000) shares that may be issued to any individual in a calendar year under the Gastar Exploration Inc. Long-Term Incentive Plan.

SEC source: 0001209191-17-006879 · doc4.xml · derivative · entry 6

Porter J Russell · CIK 0001348372 · Director · Chief Executive Officer & Pres

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 372,741

Underlying: Common Stock · 372,741 shares

Expires 2020-01-30

F7 · derivative.exercise_date: These restricted stock units were granted in place of restricted common stock. At an undetermined date in the future, these restricted stock units, at the approval of the shareholders of additional shares to the Long-Term Incentive Plan, will be converted to restricted common stock that will vest in three equal annual installments beginning on January 30, 2018.

SEC source: 0001209191-17-006879 · doc4.xml · derivative · entry 3

Porter J Russell · CIK 0001348372 · Director · Chief Executive Officer & Pres

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 38,793 shares

Expires 2017-01-30

F4 · shares: These PBUs vested and forfeited as a result of the 2014 PBU award settling at 0% of the target award based on Gastar's share price depreciation over the performance period.

F5 · derivative.exercise_date: These performance based units ("PBUs") vest ratably over a three-year performance period as previously reported.

SEC source: 0001209191-17-006879 · doc4.xml · nonDerivative · entry 1

Porter J Russell · CIK 0001348372 · Director · Chief Executive Officer & Pres

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,276,857

F1 · shares: Shares forfeited to meet tax obligation of restricted share vesting.

F2 · balance_after: Includes 365,096 shares acquired on various dates pursuant to previously reported restricted share grants that will vest subject to previously disclosed vesting schedules.