Extraction Oil & Gas, Inc. 4
4 · Extraction Oil & Gas, Inc. · Filed Oct 28, 2016
Insider Transaction Report
Form 4
Gaensbauer John Shepherd
Director
Transactions
- Award
Common Stock
2016-10-26+40,422→ 77,922 total
Footnotes (1)
- [F1]These shares of common stock of Extraction Oil & Gas, Inc. ("XOG") were received by the reporting person in connection with the merger of Extraction Oil & Gas Holdings, LLC ("Holdings") with and into XOG in connection with the closing of the initial public offering of XOG, pursuant to which the reporting person's equity ownership (including outstanding incentive units and restricted units) in Holdings were exchanged for shares of common stock in XOG determined by reference to XOG's implied valuation based on the 10-day volume weighted average price of XOG's common stock following the beginning of trading of XOG's common stock, in accordance with the distribution mechanics set forth in the limited liability company agreement of Holdings.