PHILLIPS D MARTIN 4
4 · WPX ENERGY, INC. · Filed Jan 11, 2021
Insider Transaction Report
Form 4
PHILLIPS D MARTIN
Director
Transactions
- Disposition to Issuer
Common Stock
2021-01-07−28,143→ 0 total
Footnotes (2)
- [F1]Represents 28,143 shares of restricted stock of WPX (as defined in footnote 2) subject to time-based vesting which were converted into awards denominated in shares of common stock of Devon (as defined in footnote 2) based on the Exchange Ratio (as defined in footnote 2) and which will vest in accordance with the terms and conditions governing the shares of restricted stock in effect immediately before the effective time (the "Effective Time") of the Merger (as defined in footnote 2).
- [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 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").