4//SEC Filing
EPSTEIN PHILIP ARTHUR 4
Accession 0001181431-13-017427
CIK 0000892986other
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 4:12 PM ET
Size
7.4 KB
Accession
0001181431-13-017427
Insider Transaction Report
Form 4
EPSTEIN PHILIP ARTHUR
DirectorChief Executive OfficerOther
Transactions
- Purchase
Common Stock
2013-03-14$2.86/sh+5,000$14,300→ 1,400,000 total(indirect: By IRA) - Purchase
Common Stock
2013-03-14$2.85/sh+5,000$14,250→ 1,395,000 total(indirect: By IRA)
Footnotes (2)
- [F1]Includes 1,390,000 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 thirty (30) consecutive trading days (a "Thirty Day Period") occurring during the period commencing on December 5, 2012 with respect to 695,000 Restricted Shares and on January 2, 2013 with respective to another 695,000 Restricted Shares (collectively, the "Effective Dates") and ending on the last business day occurring before the fifth anniversary of the Effective Dates (the "Performance Period") as follows: (i) 231,666 Restricted Shares on the first day that the ACTP for any Thirty Day Period equals or exceeds $4.00, and (ii) an additional 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.
- [F2]The additional 10,000 shares acquired on March 14, 2013 were purchased by the Reporting Person's IRA account.
Documents
Issuer
WARREN RESOURCES INC
CIK 0000892986
Entity typeother
Related Parties
1- filerCIK 0001564285
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 4:12 PM ET
- Size
- 7.4 KB