4//SEC Filing
Lorentzatos Nickolas J 4
Accession 0001209191-20-059847
CIK 0001486159other
Filed
Nov 19, 7:00 PM ET
Accepted
Nov 20, 8:58 PM ET
Size
15.6 KB
Accession
0001209191-20-059847
Insider Transaction Report
Form 4
Lorentzatos Nickolas J
See Remarks
Transactions
- Tax Payment
Common Stock
2020-11-18$0.12/sh−984$118→ 67,068 total - Award
Common Stock
2020-11-18+9,174→ 76,242 total - Tax Payment
Common Stock
2020-11-18$0.12/sh−3,610$433→ 72,632 total - Disposition to Issuer
Common Stock
2020-11-19−72,632→ 0 total - Award
Warrants (Rights to Buy)
2020-11-19+368→ 368 totalExercise: $94.57From: 2020-11-19Exp: 2024-11-19→ Common Stock (368 underlying) - Award
Common Stock
2020-11-18+2,500→ 68,052 total
Footnotes (5)
- [F1]Represents shares issuable to the reporting person in settlement of a grant of performance share units made on January 12, 2017. On November 18, 2020, these shares were determined to have been earned, and they vested on such date in connection with a change of control that occurred in connection with Oasis Petroleum Inc.'s voluntary cases under Chapter 11 of the U.S. Bankruptcy Code.
- [F2]Represents shares issuable to the reporting person in settlement of a grant of performance share units made on January 24, 2018. On November 18, 2020, these shares were determined to have been earned, and they vested on such date in connection with a change of control that occurred in connection with Oasis Petroleum Inc.'s voluntary cases under Chapter 11 of the U.S. Bankruptcy Code.
- [F3]On September 30, 2020, Oasis Petroleum Inc. ("Oasis") and certain of its affiliates (together with Oasis, the "Company") commenced voluntary cases under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the U.S. Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). On November 10, 2020 the Bankruptcy Court entered an order confirming the Joint Prepackaged Chapter 11 Plan of Reorganization of Oasis and its Debtor Affiliates (as amended, modified or supplemented from time to time, the "Plan"). On November 19, 2020 (the "Effective Date"), the Plan became effective in accordance with its terms and the Company emerged from Chapter 11.
- [F4]On the Effective Date, all outstanding shares of Oasis common stock were cancelled and extinguished in accordance with the Plan approved by the Bankruptcy Court.
- [F5]On the Effective Date, pursuant to and under the Plan, the Reporting Person received warrants (the "Warrants") to purchase shares of outstanding common stock, par value $0.01 per share, of Oasis (the "New Common Stock"), in exchange for all of the Reporting Person's outstanding shares of Oasis Common Stock, which were cancelled and extinguished in accordance with the Plan. Each Warrant is exercisable for one share of New Common Stock from the date of issuance until 5:00 p.m., New York time, on the expiration date. The receipt of Warrants was involuntary, without additional consideration and in accordance with the Plan approved by the Bankruptcy Court.
Documents
Issuer
Oasis Petroleum Inc.
CIK 0001486159
Entity typeother
Related Parties
1- filerCIK 0001502361
Filing Metadata
- Form type
- 4
- Filed
- Nov 19, 7:00 PM ET
- Accepted
- Nov 20, 8:58 PM ET
- Size
- 15.6 KB