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Actionable news in BBG: BILL BARRETT CORPORATION,

Departure of Directors or Certain

Severance Agreement with Larry A. Parnell

On February 23, 2016, Bill Barrett Corporation (the "Company") announced that Larry A. Parnell, Senior Vice President-Business Development, would separate from his position with the Company on March 11, 2016, which was subsequently extended one week to March 18, 2016. On April 7, 2016, Mr. Parnell and the Company entered into a Confidential Severance Agreement and Release (the "Severance Agreement"). The Severance Agreement provides, among other things:

Mr. Parnell will receive all obligations and benefits that have accrued or vested prior to the date of separation from his position with the Company (such date, the "Separation Date"), including salary, outstanding benefits, and reimbursement of business expenses.

Mr. Parnell will rec eive a severance payment in the amount of $562,314, payable in cash in four equal quarterly installments.

On the Separation Date, all unvested equity awards, with the exception of performance shares, will vest.

Mr. Parnell will release and discharge...


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