4//SEC Filing
Rowling Robert B. 4
Accession 0001104659-22-026175
CIK 0001104485other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 5:11 PM ET
Size
8.3 KB
Accession
0001104659-22-026175
Insider Transaction Report
Form 4
Rowling Robert B.
10% Owner
Transactions
- Sale
6.5% Series A Perpetual Cumulative Convertible Preferred Stk
2022-02-18$132.06/sh−21,894$2,891,322→ 0 totalFrom: 2020-02-20→ Common Stock (95,523 underlying)
Transactions
- Sale
6.5% Series A Perpetual Cumulative Convertible Preferred Stk
2022-02-18$132.06/sh−21,894$2,891,322→ 0 totalFrom: 2020-02-20→ Common Stock (95,523 underlying)
Footnotes (4)
- [F1]Each share of Preferred Stock was 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 was $100 divided by the conversion rate in effect at such time. The Preferred Stock was also subject to mandatory conversion at the election of the Issuer if the closing sales price of the Common Stock of the Issuer equaled or exceeded 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.
- [F2]The reported transaction is a sale by the Rowling Family 2012 Long Term Trust (the "Trust") of Preferred Stock to the Issuer.
- [F3]The Preferred Stock was perpetual and therefore had no expiration date.
- [F4]All shares sold in the reported transaction were owned directly by the Trust, a family trust for which Mr. Rowling serves as trustee and of which his family members are the beneficiaries.
Documents
Issuer
NORTHERN OIL & GAS, INC.
CIK 0001104485
Entity typeother
Related Parties
1- filerCIK 0001436419
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 5:11 PM ET
- Size
- 8.3 KB