Andrews Richard Kevin 4
4 · BATTALION OIL CORP · Filed Aug 25, 2020
Insider Transaction Report
Form 4
Andrews Richard Kevin
EVP, CFO and Treasurer
Transactions
- Award
Restricted Stock Unit
2020-08-21+26,564→ 26,564 total→ Common Stock (26,564 underlying) - Award
Restricted Stock Unit
2020-08-21+26,564→ 26,564 total→ Common Stock (26,564 underlying) - Award
Employee Stock Option (Right to Buy)
2020-08-21+26,564→ 26,564 totalExercise: $28.23Exp: 2027-08-21→ Common Stock (26,564 underlying) - Award
Restricted Stock Unit
2020-08-21+53,128→ 53,128 total→ Common Stock (53,128 underlying) - Award
Employee Stock Option (Right to Buy)
2020-08-21+26,564→ 26,564 totalExercise: $18.91Exp: 2027-08-21→ Common Stock (26,564 underlying) - Award
Employee Stock Option (Right to Buy)
2020-08-21+26,564→ 26,564 totalExercise: $37.83Exp: 2027-08-21→ Common Stock (26,564 underlying)
Footnotes (7)
- [F1]All awards are pursuant to the Battalion Oil Corporation 2020 Long-Term Incentive Plan ("the LTIP") approved and adopted by the Board of Directors.
- [F2]The Reporting Person received an award of stock options ("Options"). 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.
- [F3]The Reporting Person received an award of stock options ("Options"). 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.
- [F4]The Reporting Person received an award of stock options ("Options"). 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.
- [F5]The Reporting Person received an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Issuer's common stock. The RSUs vest in four equal annual installments beginning August 21, 2021.
- [F6]The Reporting Person received an award of restricted stock units ("RSUs"). 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.
- [F7]The Reporting Person received an award of restricted stock units ("RSUs"). 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.