4//SEC Filing
Altizer Ragan T 4
Accession 0001209191-20-011518
CIK 0001282648other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 4:17 PM ET
Size
24.0 KB
Accession
0001209191-20-011518
Insider Transaction Report
Form 4
Altizer Ragan T
Chief Financial Officer
Transactions
- Award
Employee Stock Option (Right to Buy)
2020-02-20+26,564→ 26,564 totalExercise: $18.91Exp: 2027-02-20→ Common Stock (26,564 underlying) - Award
Employee Stock Option (Right to Buy)
2020-02-20+26,564→ 26,564 totalExercise: $28.23Exp: 2027-02-20→ Common Stock (26,564 underlying) - Award
Employee Stock Option (Right to Buy)
2020-02-20+26,564→ 26,564 totalExercise: $37.83Exp: 2027-02-20→ Common Stock (26,564 underlying) - Award
Restricted Stock Unit
2020-02-20+26,564→ 26,564 total→ Common Stock (26,564 underlying) - Award
Restricted Stock Unit
2020-02-20+26,564→ 26,564 total→ Common Stock (26,564 underlying) - Award
Restricted Stock Unit
2020-02-20+53,128→ 53,128 total→ Common Stock (53,128 underlying)
Footnotes (8)
- [F1]On August 7, 2019, the Issuer and its subsidiaries (collectively, the "Debtors") filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of Texas (the "Chapter 11 Cases," and such court, the "Bankruptcy Court"). On September 24, 2019, the Bankruptcy Court entered an order (the "Confirmation Order") confirming the Debtors' Joint Prepackaged Plan of Reorganization, as modified by the Confirmation Order (the "Plan"). On October 8, 2019 (the "Effective Date"), the Plan became effective in accordance with its terms and the Debtors emerged from the Chapter 11 Cases. On the Effective Date, all outstanding shares of the Issuer's common stock (the "Old Common Stock") were cancelled and extinguished.
- [F2]All awards are issued in accordance with the Plan approved by the Bankruptcy Court and pursuant to the Battalion Oil Corporation 2020 Long-Term Incentive Plan ("the LTIP") approved and adopted by the Board of Directors.
- [F3]The Reporting Person received an award of stock options ("Options") granted on the first full day of trading of the New Shares following the Effective Date. The exercise price per share of the Options will be equal to an Issuer equity value of $335.0 million divided by the number of shares outstanding. The Options vest in four equal annual installments beginning February 20, 2021.
- [F4]The Reporting Person received an award of stock options ("Options") granted on the first full day of trading of the New Shares following the Effective Date. The exercise price per share of the Options will be equal to an Issuer equity value of $500.0 million divided by the number of shares outstanding. The Options vest in four equal annual installments beginning February 20, 2021.
- [F5]The Reporting Person received an award of stock options ("Options") granted on the first full day of trading of the New Shares following the Effective Date. The exercise price per share of the Options will be equal to an Issuer equity value of $670.0 million divided by the number of shares outstanding. The Options vest in four equal annual installments beginning February 20, 2021.
- [F6]The Reporting Person received an award of restricted stock units ("RSUs") granted on the first full day of trading of the New Shares following the Effective Date. Each RSU represents a contingent right to receive one share of Issuer's common stock. The RSUs vest in four equal annual installments beginning February 20, 2021.
- [F7]The Reporting Person received an award of restricted stock units ("RSUs") granted on the first full day of trading of the New Shares following the Effective Date. Each RSU represents a contingent right to receive one share of Issuer's common stock. The RSUs vest in full only upon the achievement of certain business combination goals.
- [F8]The Reporting Person received an award of restricted stock units ("RSUs") granted on the first full day of trading of the New Shares following the Effective Date. Each RSU represents a contingent right to receive one share of Issuer's common stock, subject to a decrease to zero based on the Issuer's total shareholder return relative to the total shareholder return of certain of its peer companies over the four-year period ending on February 20, 2024 (the "Performance Period".) The RSUs vest at the end of the Performance Period.
Issuer
BATTALION OIL CORP
CIK 0001282648
Entity typeother
Related Parties
1- filerCIK 0001786310
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 4:17 PM ET
- Size
- 24.0 KB