CIVITAS RESOURCES, INC. — Director's Dealing 2016

Jul 22, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bonanza Creek Energy, Inc. (BCEI)
CIK: 0001509589
Period of Report: 2016-07-19

Reporting Person: Buchanon Anthony G (EVP, Chief Operating Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-19	LTIP Units	$	A	228261.0	Acquired		Common Stock (228261)	Direct

Footnotes

F1: Each LTIP unit represents a contingent right to receive one share of BCEI common stock, subject to adjustment as described in Footnote 3.

F2: This award will vest in three equal installments on March 15, 2017, March 15, 2018, and March 15, 2019.

F3: The distribution at each vesting date will be adjusted downward if the BCEI stock price exceeds $26.00, so that the distribution represents a value equivalent to $26.00 per share.