WARREN RESOURCES INC 4
4 · WARREN RESOURCES INC · Filed May 5, 2015
Insider Transaction Report
Form 4
Dowell Robert Michael
Vice President, Warren E&P
Transactions
- Exercise/Conversion
Restricted Stock Units
2015-05-02−10,923→ 0 totalExp: 2015-05-02→ Common Stock (10,923 underlying) - Exercise/Conversion
Common Stock
2015-05-02+10,923→ 87,561 total - Tax Payment
Common Stock
2015-05-02$1.07/sh−4,007$4,287→ 83,554 total
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") converts into Common Stock of Warren Resources, Inc. (the "Issuer") on a one-to-one basis
- [F2]On May 2, 2012, the Issuer issued RSUs to the reporting person. The RSUs granted on May 2, 2012 vested 1/3 on each anniversary of the issue date. The 1/3 of the award vested on May 2, 2015.
- [F3]This number represents shares of the Issuer's Common Stock withheld to satisfy the tax withholding obligation due upon vesting of RSUs.