Rowling Family 2012 Long Term Trust 3
3 · NORTHERN OIL & GAS, INC. · Filed Jul 30, 2021
Insider Transaction Report
Form 3
Holdings
6.5% Series A Perpetual Cum. Convertible Preferred Stock
From: 2020-02-20→ Common Stock (95,523 underlying)- 677,488
Common Stock, $0.001 par value per share
Footnotes (2)
- [F1]The Preferred Stock is perpetual and therefore has no expiration date.
- [F2]Each share of Preferred Stock is convertible at any time at the election of the holder into shares of Common Stock, at a conversion rate of 4.363 shares of Common Stock per share of Preferred Stock, subject to adjustment as provided in the Certificate of Designations. The "conversion price" at any time means $100, divided by the conversion rate in effect at such time. The Preferred Stock is also subject to mandatory conversion at the election of the Issuer if the closing sales price of the Common Stock of the Issuer equals or exceeds 145% of the conversion price for at least 20 trading days (whether or not consecutive) in a period of 30 consecutive trading days, including the last trading day of such 30-trading day period. The reporting person owns 21,894 shares of Preferred Stock.