GOBBLE KENNETH A 4
4 · WARREN RESOURCES INC · Filed Mar 9, 2010
Insider Transaction Report
Form 4
GOBBLE KENNETH A
Senior Vice President
Transactions
- Award
Stock Options (Right-to-But)
2010-03-05+85,000→ 85,000 totalExercise: $2.42From: 2011-03-05Exp: 2015-03-05→ Common Stock (85,000 underlying) - Exercise/Conversion
Restricted Stock Unit
2010-03-09$2.56/sh−4,729$12,106→ 14,187 totalExercise: $0.00From: 2010-03-09Exp: 2010-12-10→ Common Stock (4,729 underlying) - Exercise/Conversion
Common Stock
2010-03-09$2.56/sh+4,729$12,106→ 4,729 total - Award
Restricted Stock Unit
2010-03-05+18,916→ 18,916 totalExercise: $0.00From: 2010-03-09Exp: 2010-12-10→ Common Stock (18,916 underlying)
Footnotes (2)
- [F1]Each RSU represents a contingent right to receive one (1) share of Warren Resources, Inc. common stock once vested. The RSUs granted on March 5, 2010 will vest as follows: 1/4th on March 9, 2010; 1/4th on June 10, 2010; 1/4th on on September 10, 2010; and 1/4th on December 10, 2010.
- [F2]Stock Options vest and become exercisable as follows: 1/3rd after one year from grant, 1/3rd after two years and 1/3rd after three years.