Morin Ronald Joseph 4
4 · WARREN RESOURCES INC · Filed Mar 7, 2012
Insider Transaction Report
Form 4
Morin Ronald Joseph
Senior Vice President
Transactions
- Exercise/Conversion
Common Stock
2012-03-05$3.99/sh+13,250$52,868→ 13,250 total - Tax Payment
Common Stock
2012-03-05$3.99/sh−4,724$18,849→ 8,526 total - Exercise/Conversion
Restricted Stock Units
2012-03-05$3.99/sh−13,250$52,868→ 26,500 totalExercise: $0.00From: 2012-03-05Exp: 2014-03-04→ Common Stock (13,250 underlying)
Footnotes (2)
- [F1]On March 4, 2011, Reporting Person was issued restricted stock units. Each RSU represented a contingent right to one (1) share of Warren Resources, Inc. common stock once vested. The RSUs granted on March 4, 2011 vest: 1/3rd on March 4, 2012, 1/3rd on March 4, 2013 and 1/3rd on March 4, 2014.
- [F2]Restricted Stock vested through net settlement with the Company pursuant to which the Company withheld the number of shares necessary to cover Reporting Person's minimum tax withholding.