Bonanza Creek Energy, Inc. 4
4 · Bonanza Creek Energy, Inc. · Filed Feb 25, 2016
Insider Transaction Report
Form 4
Zorn Ryan
Vice President, Finance
Transactions
- Exercise/Conversion
Common Stock
2016-02-23+2,322→ 34,001 total - Expiration
Common Stock
2016-02-23$1.75/sh−866$1,516→ 33,135 total - Exercise/Conversion
Performance Shares
2016-02-23−2,322→ 0 totalExp: 2016-03-14→ Common Stock (2,322 underlying)
Holdings
- 4,186
Performance Shares
Exp: 2016-12-31→ Common Stock (4,186 underlying) - 7,701
Performance Shares
Exp: 2017-12-31→ Common Stock (7,701 underlying)
Footnotes (4)
- [F1]The amount listed represents shares of the Company's common stock that vested on February 23, 2016, based on the Board of Directors' determination of the achievement of certain predetermined performance goals under previously issued performance-based stock units.
- [F2]Represents shares withheld to satisfy tax obligations upon vesting of restricted stock.
- [F3]Includes (i) 15,249 shares of common stock and (ii) 17,886 shares of restricted common stock subject to vesting.
- [F4]Each performance share represents a contingent right to receive 0-200% of that number of shares of common stock. The amount listed represents what the Reporting Person would receive at the target or 100% level. The performance shares vest upon continued employment and achievement of certain predetermined performance goals.