EPSTEIN PHILIP ARTHUR 4
4 · WARREN RESOURCES INC · Filed Jan 7, 2013
Insider Transaction Report
Form 4
EPSTEIN PHILIP ARTHUR
DirectorChief Executive OfficerOther
Transactions
- Award
Common Stock
2013-01-02+695,000→ 1,390,000 total
Footnotes (1)
- [F1]1. The Restricted Shares of Common Stock will vest, if at all, based on the average closing trading price ("ACTP") of the Company's Common Stock over any period of thirty (30) consecutive trading days (a "Thirty Day Period") occurring during the period commencing on January 2, 2013 ("Effective Date") and ending on the last business day occurring before the fifth anniversary of the Effective Date (the "Performance Period") as follows: (i) 115,833 Restricted Shares on the first day that the ACTP for any Thirty Day Period equals or exceeds $4.00, and (ii) an additional 96,528 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.