Natali Steven G. 4
4 · WPX ENERGY, INC. · Filed Feb 26, 2013
Insider Transaction Report
Form 4
Natali Steven G.
Senior Vice President
Transactions
- Exercise/Conversion
Common Stock
2013-02-23+12,403→ 54,238 total - Tax Payment
Common Stock
2013-02-23$14.90/sh−3,693$55,026→ 50,545 total - Exercise/Conversion
Common Stock
2013-02-23+14,592→ 65,137 total - Exercise/Conversion
Restricted Stock Units
2013-02-23−12,403→ 31,111 total→ Common Stock (12,403 underlying) - Tax Payment
Common Stock
2013-02-23$14.90/sh−4,826$71,907→ 60,311 total - Exercise/Conversion
Restricted Stock Units
2013-02-23−7,752→ 22,647 total→ Common Stock (14,592 underlying)
Footnotes (6)
- [F1]Each restricted stock unit represented a contingent right to receive a share of common stock, subject to the applicable award agreement.
- [F2]Represents shares withheld to satisfy withholding tax obligations due upon vesting of restricted stock units.
- [F3]Includes additional shares of common stock paid out pursuant to the applicable award agreement based on a performance factor of 1.8824.
- [F4]Each performance-based restricted stock unit represented a contingent right to receive a share of common stock, subject to adjustment based on the applicable award agreement and compensation committee certification that the Company had met the three-year performance measure.
- [F5]Award vested on February 23, 2013.
- [F6]Vesting of performance-based awards are subject to compensation committee certification that the Company has met a three-year performance measure, which is based on total shareholder return with absolute and relative dependent measures.