AI assistant
CIVITAS RESOURCES, INC. — Director's Dealing 2017
May 3, 2017
31396_dirs_2017-05-02_0d085237-b24e-4c0f-861f-371304f75d71.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Bonanza Creek Energy, Inc. (BCEI)
CIK: 0001509589
Period of Report: 2017-04-28
Reporting Person: MARTER IV CYRUS D (SVP, General Counsel & Secy.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-04-28 | Common Stock | A | 24380 | — | Acquired | 24380 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-04-28 | LTIP Units | $ | D | 150000 | Disposed | Common Stock (150000) | Direct | |
| 2017-04-28 | Stock Options | $34.36 | A | 24380 | Acquired | 2027-04-28 | Common Stock (24380) | Direct |
Footnotes
F1: Represents restricted stock units with respect to New Common Stock granted to the Reporting Person on the Effective Date pursuant to the Issuer's Management Incentive Plan that are scheduled to vest in three equal installments on April 28, 2018, April 28, 2019 and April 28, 2020.
F2: On December 23, 2016, the Issuer entered into a Restructuring Support and Lock-Up Agreement (the "RSA"), and on January 4, 2017, in accordance with the terms of the RSA, the Issuer and all of its subsidiaries (collectively with the Issuer, the "Debtors") filed voluntary petitions under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the "Court") to pursue the Debtors' Joint Prepackaged Plan of Reorganization Under Chapter 11 of the Bankruptcy Code (as amended, the "Prepackaged Plan"). On April 7, 2017, the Court entered an order confirming the Prepackaged Plan, which order was stayed until April 24, 2017. The Issuer emerged from Chapter 11 on April 28, 2017 (the "Effective Date"). On the Effective Date, all outstanding shares of the Issuer's common stock ("Old Common Stock"), and all equity awards with respect to Old Common Stock, were cancelled and extinguished.
F3: Represents stock options with respect to New Common Stock granted to the Reporting Person on the Effective Date pursuant to the Issuer's Management Incentive Plan that are scheduled to vest and become exercisable in three equal installments on April 28, 2018, April 28, 2019 and April 28, 2020.