CIVITAS RESOURCES, INC. — Director's Dealing 2019

Jan 11, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bonanza Creek Energy, Inc. (BCEI)
CIK: 0001509589
Period of Report: 2019-01-09

Reporting Person: Fenoglio Scott A (SVP, Finance & Planning)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-09	Common Stock	M	2598	$0.0	Acquired	31039	Direct
2019-01-09	Common Stock	F	754	$23.55	Disposed	30285	Direct
2019-01-09	Common Stock	F	4711	$23.55	Disposed	25574	Direct
2019-01-09	Common Stock	F	325	$23.55	Disposed	25249	Direct
2019-01-09	Common Stock	D	5084	$0.0	Disposed	20165	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-09	Performance Shares	$0.0	M	2598	Disposed		Common Stock (2598)	Direct

Footnotes

F1: Represents distribution of Issuer common stock upon partial vesting of performance stock units awarded on May 16, 2018. The partial vesting is based on the number of days during the applicable performance period that recipient remained employed by Issuer and on an assumed target level of performance by Issuer, in accordance with the terms of the Performance Stock Unit Agreement.

F2: Represents shares withheld to satisfy tax withholding obligations upon vesting of performance stock units.

F3: Represents shares withheld to satisfy tax withholding obligations upon vesting of restricted stock units.

F4: The securities were forfeited to the Issuer upon Reporting Person's termination of employment with the Issuer.

F5: Each performance stock unit represented a contingent right to receive one share of Issuer common stock.

F6: The performance stock units awarded vested on January 9, 2019.