4//SEC Filing
Gaensbauer John Shepherd 4
Accession 0001655020-21-000071
CIK 0001655020other
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 7:24 PM ET
Size
13.1 KB
Accession
0001655020-21-000071
Insider Transaction Report
Form 4
Gaensbauer John Shepherd
Director
Transactions
- Award
Warrants B (Right to Buy)
2021-01-20+817→ 817 totalExercise: $122.32Exp: 2026-01-20→ COMMON STOCK (817 underlying) - Disposition to Issuer
COMMON STOCK
2021-01-20−153,834→ 0 total - Award
COMMON STOCK
2021-01-20+202→ 202 total - Award
Warrants A (Right to Buy)
2021-01-20+1,634→ 1,634 totalExercise: $107.64Exp: 2025-01-20→ COMMON STOCK (1,634 underlying)
Footnotes (5)
- [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") were cancelled and extinguished in accordance with the Plan approved by the Bankruptcy Court.
- [F3]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.
- [F4]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.
- [F5]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 0001409709
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 7:24 PM ET
- Size
- 13.1 KB