Bonanza Creek Energy, Inc. 4
4 · Bonanza Creek Energy, Inc. · Filed Jul 21, 2016
Insider Transaction Report
Form 4
Carty Richard J
DirectorChairman of the Board
Transactions
- Award
LTIP Units
2016-07-19+437,500→ 437,500 total→ Common Stock (437,500 underlying)
Footnotes (3)
- [F1]Each LTIP unit represents a contingent right to receive one share of BCEI common stock, subject to adjustment as described in Footnote 3.
- [F2]This award will vest in three equal installments on March 15, 2017, March 15, 2018, and March 15, 2019.
- [F3]The distribution at each vesting date will be adjusted downward if the BCEI stock price exceeds $26.00, so that the distribution represents a value equivalent to $26.00 per share.