Chord Energy Corp — Director's Dealing 2020

Nov 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Oasis Petroleum Inc. (OAS)
CIK: 0001486159
Period of Report: 2020-11-18

Reporting Person: Reid Taylor L (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-18	Common Stock	A	5260	$0.00	Acquired	333894	Direct
2020-11-18	Common Stock	F	2070	$0.12	Disposed	331824	Direct
2020-11-18	Common Stock	A	17266	$0.00	Acquired	349090	Direct
2020-11-18	Common Stock	F	6795	$0.12	Disposed	342295	Direct
2020-11-19	Common Stock	D	342295	$0.00	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-19	Warrants (Rights to Buy)	$94.57	A	1733	Acquired	2024-11-19	Common Stock (1733)	Direct

Footnotes

F1: Represents shares issuable to the reporting person in settlement of a grant of performance share units made on January 12, 2017. On November 18, 2020, these shares were determined to have been earned, and they vested on such date in connection with a change of control that occurred in connection with Oasis Petroleum Inc.'s voluntary cases under Chapter 11 of the U.S. Bankruptcy Code.

F2: Represents shares issuable to the reporting person in settlement of a grant of performance share units made on January 24, 2018. On November 18, 2020, these shares were determined to have been earned, and they vested on such date in connection with a change of control that occurred in connection with Oasis Petroleum Inc.'s voluntary cases under Chapter 11 of the U.S. Bankruptcy Code.

F3: On September 30, 2020, Oasis Petroleum Inc. ("Oasis") and certain of its affiliates (together with Oasis, the "Company") commenced voluntary cases under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the U.S. Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). On November 10, 2020 the Bankruptcy Court entered an order confirming the Joint Prepackaged Chapter 11 Plan of Reorganization of Oasis and its Debtor Affiliates (as amended, modified or supplemented from time to time, the "Plan"). On November 19, 2020 (the "Effective Date"), the Plan became effective in accordance with its terms and the Company emerged from Chapter 11.

F4: On the Effective Date, all outstanding shares of Oasis common stock were cancelled and extinguished in accordance with the Plan approved by the Bankruptcy Court.

F5: On the Effective Date, pursuant to and under the Plan, the Reporting Person received warrants (the "Warrants") to purchase shares of outstanding common stock, par value $0.01 per share, of Oasis (the "New Common Stock"), in exchange for all of the Reporting Person's outstanding shares of Oasis Common Stock, which were cancelled and extinguished in accordance with the Plan. Each Warrant is 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 Warrants was involuntary, without additional consideration and in accordance with the Plan approved by the Bankruptcy Court.