WARREN RESOURCES INC 4
4 · WARREN RESOURCES INC · Filed Mar 13, 2015
Insider Transaction Report
Form 4
Dowell Robert Michael
Vice President, Warren E&P
Transactions
- Tax Payment
Common Stock
2015-03-11$1.18/sh−4,050$4,759→ 36,265 total - Exercise/Conversion
Common Stock
2015-03-11+9,444→ 40,315 total - Exercise/Conversion
Restricted Stock Units
2015-03-11−9,444→ 9,444 totalExp: 2016-03-11→ Common Stock (9,444 underlying) - Award
Stock Options (Right to Buy)
2015-03-12+125,000→ 125,000 totalExercise: $1.11Exp: 2020-03-12→ Common Stock (125,000 underlying)
Footnotes (4)
- [F1]Each restricted stock unit converts into Common Stock of Warren Resources, Inc. (the "Issuer") on a one-to-one basis.
- [F2]This number represents shares of the Issuer's Common Stock withheld to satisfy the tax withholding obligation due upon vesting of restricted stock units.
- [F3]On March 11, 2013, the Issuer issued restricted stock units ("RSUs") to the reporting person. The RSUs granted on March 11, 2013 vest 1/3 on March 11, 2014, 1/3 on March 11, 2015 and 1/3 on March 11, 2016.
- [F4]The stock options granted on March 12, 2015 vest: 1/3rd on March 12, 2016, 1/3rd on March 12, 2017 and 1/3rd on March 12, 2018.