4//SEC Filing
Robertson Audrey 4
Accession 0001655020-21-000069
CIK 0001655020other
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 7:18 PM ET
Size
40.6 KB
Accession
0001655020-21-000069
Insider Transaction Report
Form 4
Robertson Audrey
Director
Transactions
- Exercise of In-Money
COMMON STOCK
2021-01-20$16.25/sh+33$536→ 66 total - Disposition to Issuer
COMMON STOCK
2021-01-20−950→ 0 total(indirect: See footnote) - Award
Warrants B (Right to Buy)
2021-01-20+133→ 133 totalExercise: $122.32Exp: 2026-01-20→ COMMON STOCK (133 underlying) - Award
COMMON STOCK
2021-01-20+33→ 33 total - Award
COMMON STOCK
2021-01-20+2→ 2 total(indirect: See footnote.) - Exercise of In-Money
COMMON STOCK
2021-01-20$16.25/sh+1$16→ 3 total(indirect: See footnote.) - Award
Warrants A (Right to Buy)
2021-01-20+266→ 266 totalExercise: $107.64Exp: 2025-01-20→ COMMON STOCK (266 underlying) - Exercise of In-Money
Subscription Rights (Rights to Buy)
2021-01-20$16.25/sh−2$33→ 0 total(indirect: See Footnote)Exercise: $16.25From: 2021-01-20→ COMMON STOCK (2 underlying) - Disposition to Issuer
COMMON STOCK
2021-01-20−25,000→ 0 total - Award
Warrants A (Right to Buy)(Indirect)
2021-01-20+11→ 11 total(indirect: See Footnote)Exercise: $107.64Exp: 2025-01-20→ COMMON STOCK (11 underlying) - Award
COMMON STOCK
2021-01-20+2→ 2 total(indirect: See footnote) - Exercise of In-Money
COMMON STOCK
2021-01-20$16.25/sh+1$16→ 3 total(indirect: See footnote) - Award
Warrants A (Right to Buy)(Indirect)
2021-01-20+11→ 11 total(indirect: See Footnote)Exercise: $107.64Exp: 2025-01-20→ COMMON STOCK (11 underlying) - Award
Warrants B (Right to Buy)(Indirect)
2021-01-20+6→ 6 total(indirect: See Footnote)Exercise: $122.32Exp: 2026-01-20→ COMMON STOCK (6 underlying) - Exercise of In-Money
Subscription Rights (Rights to Buy)
2021-01-20$16.25/sh−2$33→ 0 total(indirect: See Footnote)Exercise: $16.25From: 2021-01-20→ COMMON STOCK (2 underlying) - Disposition to Issuer
COMMON STOCK
2021-01-20−950→ 0 total(indirect: See footnote) - Award
Warrants B (Right to Buy)(Indirect)
2021-01-20+6→ 6 total(indirect: See Footnote)Exercise: $122.32Exp: 2026-01-20→ COMMON STOCK (6 underlying) - Exercise of In-Money
Subscription Rights (Rights to Buy)
2021-01-20$16.25/sh−33$536→ 0 total(indirect: See Footnote)Exercise: $16.25From: 2021-01-20→ COMMON STOCK (33 underlying)
Footnotes (9)
- [F1]On June 14, 2021, Extraction Oil & Gas, Inc., a Delaware corporation (the "Issuer"), and certain of its subsidiaries (together with the Issuer, the "Company") commenced voluntary cases under chapter 11 of the United States Bankruptcy Code in the United State Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). On December 23, 2020, the Bankruptcy Court entered an order confirming the Sixth Amended Joint Plan of Reorganization of Extraction Oil & Gas, Inc. and its Debtor Affiliates (as amended, modified or supplemented from time to time, the "Plan"). On January 20, 2021 (the "Effective Date"), the Plan became effective in accordance with its terms and the Company emerged from chapter 11.
- [F2]On the Effective Date, all outstanding shares of the Issuer's common stock ("Old Common Stock") and all unvested restricted stock units held by the Reporting Person ("RSUs") were cancelled and extinguished in accordance with the Plan approved by the Bankruptcy Court.
- [F3]No shares of New Common Stock were issued in respect of the unvested RSUs held by the Reporting Person.
- [F4]On the Effective Date, new shares of the Issuer's common stock ("New Common Stock") were issued to the Reporting Person pursuant to the Plan in exchange for Old Common Stock held by the Reporting Person on the Effective Date at an effective exchange ratio of 0.00131007 of a share of New Common Stock for each share of Old Common Stock. The receipt of shares of New Common Stock was involuntary, without additional consideration and in accordance with the Plan approved by the Bankruptcy Court.
- [F5]These shares were purchased pursuant to the exercise of subscription rights purchased by the Reporting Person, which subscription rights were available for purchase by holders of the Old Common Stock on a pro rata basis pursuant to the Plan.
- [F6]On the Effective Date, all outstanding shares of the Old Common Stock were cancelled and extinguished in accordance with the Plan approved by the Bankruptcy Court.
- [F7]Ms. Robertson is the sole trustee of her children's UGMA accounts. They are the beneficial owners of these shares, but she has sole decision making authority.
- [F8]On the Effective Date, the Reporting Person also received Tranche A Warrants to purchase shares of New Common Stock in exchange for Old Common Stock held by the Reporting Person on the Effective Date at an effective exchange ratio of 0.01062003 of a Tranche A Warrant for each share of Old Common Stock. The Tranche A Warrants are exercisable for one share of New Common Stock from the date of issuance until 5:00 p.m., New York time, on the expiration date. The receipt of Tranche A Warrants was involuntary, without additional consideration and in accordance with the Plan approved by the Bankruptcy Court.
- [F9]On the Effective Date, the Reporting Person also received Tranche B Warrants to purchase shares of New Common Stock in exchange for Old Common Stock held by the Reporting Person on the Effective Date at an effective exchange ratio of 0.00531001 of a Tranche B Warrant for each share of Old Common Stock. The Tranche B Warrants are exercisable for one share of New Common Stock from the date of issuance until 5:00 p.m., New York time, on the expiration date. The receipt of Tranche B Warrants was involuntary, without additional consideration and in accordance with the Plan approved by the Bankruptcy Court.
Documents
Issuer
Extraction Oil & Gas, Inc.
CIK 0001655020
Entity typeother
Related Parties
1- filerCIK 0001788585
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 7:18 PM ET
- Size
- 40.6 KB