Bonanza Creek Energy, Inc. 4
4 · Bonanza Creek Energy, Inc. · Filed Feb 25, 2016
Insider Transaction Report
Form 4
Henry Lynn Boone
Sr. VP, Reservoir Engineering
Transactions
- Tax Payment
Common Stock
2016-02-23$1.75/sh−1,062$1,859→ 49,514 total - Exercise/Conversion
Common Stock
2016-02-23+2,847→ 50,576 total - Exercise/Conversion
Performance Shares
2016-02-23−2,847→ 0 totalExp: 2016-03-14→ Common Stock (2,847 underlying)
Holdings
- 5,076
Performance Shares
Exp: 2016-12-31→ Common Stock (5,076 underlying) - 9,147
Performance Shares
Exp: 2017-12-31→ Common Stock (9,147 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) 34,422 shares of common stock and (ii) 15,092 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.