FLEMING DAVID E 4
4 · WARREN RESOURCES INC · Filed May 6, 2013
Insider Transaction Report
Form 4
FLEMING DAVID E
Secretary & General Counsel
Transactions
- Tax Payment
Common Stock
2013-05-02$2.57/sh−3,313$8,514→ 24,396 total - Exercise/Conversion
Restricted Stock Units
2013-05-02$2.57/sh−10,240$26,317→ 20,480 totalExercise: $0.00From: 2013-05-02Exp: 2015-05-02→ Common Stock (10,240 underlying) - Exercise/Conversion
Common Stock
2013-05-02$2.57/sh+10,240$26,317→ 27,709 total
Footnotes (2)
- [F1]On May 2, 2012, 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 May 2, 2012 vest: 1/3rd on on May 2, 2013, 1/3rd on May 2, 2014 and 1/3rd on May 2, 2015.
- [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.