CARRIG JOHN A 4
4 · WPX ENERGY, INC. · Filed Jan 11, 2021
Insider Transaction Report
Form 4
CARRIG JOHN A
Director
Transactions
- Exercise/Conversion
Common Stock
2021-01-07+115,141→ 182,948 total - Disposition to Issuer
Common Stock
2021-01-07−182,948→ 0 total - Exercise/Conversion
Restricted Stock Units
2021-01-07−115,141→ 0 total→ Common Stock (115,141 underlying) - Disposition to Issuer
Common Stock
2021-01-07−10,000→ 0 total(indirect: By Spouse)
Footnotes (4)
- [F1]Each restricted stock unit represented a contingent right to receive a share of common stock, subject to the applicable award agreement.
- [F2]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement") by and among Devon Energy Corporation ("Devon"), WPX Energy, Inc. ("WPX"), and East Merger Sub, Inc. ("Merger Sub"), upon the effective time (the "Effective Time") of the merger of Merger Sub into WPX (the "Merger") on January 7, 2021, each share of common stock of WPX was converted into the right to receive 0.5165 shares of Devon common stock (the "Exchange Ratio").
- [F3]Represents restricted stock units that vested upon the reporting person's Separation from Service (as defined in the WPX Energy Board of Directors Nonqualified Deferred Compensation Plan).
- [F4]This award of restricted stock units vested at the Effective Time.