4//SEC Filing
Christ Eric J 4
Accession 0001655020-21-000089
CIK 0001655020other
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 7:55 PM ET
Size
9.8 KB
Accession
0001655020-21-000089
Insider Transaction Report
Form 4
Christ Eric J
VP, Gen Counsel & Corp Sec
Transactions
- Disposition to Issuer
COMMON STOCK
2021-01-20−101,687→ 0 total - Award
COMMON STOCK
2021-01-20+14,100→ 14,100 total - Award
Performance Stock Unit
2021-01-20+42,300→ 42,300 total→ COMMON STOCK (42,300 underlying)
Footnotes (4)
- [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 unvested restricted stock units held by the Reporting Person were cancelled and extinguished in accordance with the Plan approved by the Bankruptcy Court.
- [F3]The Reporting Person was granted an award of 14,100 unvested restricted stock units ("New RSUs"). The New RSUs vest ratably over three years on each of the three anniversaries following the date of grant, subject to continued service through each vesting date, and will be settled in new shares of the Issuer's common stock ("New Common Stock").
- [F4]Each Performance Stock Unit represents a contingent right to receive one share of New Common Stock. The Performance Stock Units will vest upon the achievement by the Issuer of certain goals pertaining to absolute total stockholder return, subject to continued service through the third anniversary of the grant date.
Documents
Issuer
Extraction Oil & Gas, Inc.
CIK 0001655020
Entity typeother
Related Parties
1- filerCIK 0001592443
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 7:55 PM ET
- Size
- 9.8 KB