CIVITAS RESOURCES, INC. — Director's Dealing 2016

Feb 26, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bonanza Creek Energy, Inc. (BCEI)
CIK: 0001509589
Period of Report: 2016-02-23

Reporting Person: Zorn Ryan (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-23	Common Stock	M	2322.00	—	Acquired	34001.00	Direct
2016-02-23	Common Stock	E	866.00	$1.75	Disposed	33135.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-23	Performance Shares	$	M	2322.00	Disposed	2016-03-14	Common Stock (2322.00)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance Shares	$	2016-12-31	Common Stock (4186.00)	4186.00	Direct
Performance Shares	$	2017-12-31	Common Stock (7701.00)	7701.00	Direct

Footnotes

F1: The amount listed represents shares of the Company's common stock that vested on February 23, 2016, based on the Board of Directors' determination of the achievement of certain predetermined performance goals under previously issued performance-based stock units.

F2: Represents shares withheld to satisfy tax obligations upon vesting of restricted stock.

F3: Includes (i) 15,249 shares of common stock and (ii) 17,886 shares of restricted common stock subject to vesting.

F4: Each performance share represents a contingent right to receive 0-200% of that number of shares of common stock. The amount listed represents what the Reporting Person would receive at the target or 100% level. The performance shares vest upon continued employment and achievement of certain predetermined performance goals.