Cresta Greenwood, LLC 4
4 · NORTHERN OIL & GAS, INC. · Filed Nov 26, 2019
Insider Transaction Report
Form 4
Rowling Robert B.
10% Owner
Transactions
- Purchase
6.5% Series A Perpetual Convertible Preferred Stock
2019-11-22+10,947→ 10,947 total
Footnotes (2)
- [F1]Each share of 6.5% Series A Perpetual Cumulative Convertible Preferred Stock (the "Preferred Stock") of Northern Oil and Gas, Inc. (the "Issuer") is generally convertible at any time at the election of the holder into shares of common stock, $0.001 par value per share, of the Issuer (the "Common Stock"), however the Preferred Stock acquired by the Reporting Persons is not convertible in accordance with the restrictions in Section 9(a) of the Certificate of Designations for the Preferred Stock because the Reporting Persons beneficially own Common Stock in excess of 9.99% of the aggregate number of shares of Common Stock outstanding.
- [F2]The shares of Preferred Stock were acquired by Cresta Investments, LLC in exchange for $1,032,735.85 in principal amount of the Issuer's 8.50% Senior Secured Second Lien Notes due 2023 in connection with the Issuer's exchange offer. Robert B. Rowling indirectly beneficially owns all of the reported securities due to his ownership of 100% of the ownership interests in Cresta Investments, LLC.