CIVITAS RESOURCES, INC. — Director's Dealing 2017

Apr 27, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bonanza Creek Energy, Inc. (BCEI)
CIK: 0001509589
Period of Report: 2017-04-24

Reporting Person: Jaques Wade E (VP, Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-04-24	Common Stock	M	3507	—	Acquired	35023	Direct
2017-04-24	Common Stock	F	1257	$0.87	Disposed	33766	Direct
2017-04-24	Common Stock	M	25218	—	Acquired	58984	Direct
2017-04-24	Common Stock	F	9402	$0.87	Disposed	49582	Direct
2017-04-24	Common Stock	F	619	$1.13	Disposed	48963	Direct
2017-04-24	Common Stock	F	976	$1.13	Disposed	47987	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-04-24	Performance Shares	$	M	3507	Disposed		Common Stock (3507)	Direct
2017-04-24	LTIP Units	$	M	25218	Disposed		Common Stock (25218)	Direct

Footnotes

F1: Each performance share represented a contingent right to receive between 0% and 200% of a share based on the level of attainment of the applicable performance goal. The award was settled in shares on April 24, 2017.

F2: Represents shares withheld to satisfy tax withholding obligations arising on settlement of the performance shares referenced in footnote 1.

F3: Each LTIP unit represents a contingent right to receive one share based on the level of attainment of the applicable performance goal. One-third of the award was settled in shares on April 24, 2017. The remaining two-thirds of the award is scheduled to vest in equal installments on March 15, 2018 and March 15, 2019.

F4: Represents shares withheld to satisfy tax withholding obligations arising on settlement of the LTIP units referenced in footnote 3.

F5: Represents shares withheld to satisfy tax withholding obligations arising on vesting of restricted stock on March 15, 2017.