WARREN RESOURCES INC 4
4 · WARREN RESOURCES INC · Filed Mar 18, 2014
Insider Transaction Report
Form 4
EPSTEIN PHILIP ARTHUR
DirectorChief Executive OfficerOther
Transactions
- Tax Payment
Common Stock
2014-03-14$4.34/sh−105,862$459,441→ 1,294,138 total
Footnotes (2)
- [F1]This number represents shares of Warren Resources, Inc. Common Stock withheld to satisfy the tax withholding obligation due upon vesting of restricted stock units.
- [F2]Includes 1,158,334 Restricted Shares of Common Stock that vest, if at all, based on the average closing trading price ("ACTP") of Warren Resources, Inc.'s Common Stock over any period of (30) consecutive trading days (a "Thirty Day Period") occurring during the period commencing December 5, 2012 with respect to 579,167 Restricted Shares and on January 2, 2013 with respect to another 579,167 Restricted Shares (collectively, the "Effective Date") and ending on the last business day occurring before the fifth anniversary of the Effective Dates (the "Performance Period") as follows: 193,056 Restricted Shares on the first day that the ACTP for any Thirty Day Period equals or exceeds any higher whole dollar increment ranging from $5 to $10.