SEC Form 4 · accession 0001127602-18-000733
WHITING PETROLEUM CORP · WLL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James J Volker
Director
Period of report
Dec 29, 2017
Accepted (ET)
Jan 3, 2018 · 5:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001255474
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 29, 2017 | F | 43,081 | $26.48 | D | 137,067 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2011 Stock Option - Right to PurchaseF2,F3 | $241.1408 | holding | — | — | — | — | Jan 18, 2021 | Common Stock | 6,222 | 6,222 | D |
| Stock Option - Right to PurchaseF4,F3 | $51.0208 | holding | — | — | — | — | Feb 18, 2019 | Common Stock | 18,680 | 18,680 | D |
| Stock Option - Right to PurchaseF5,F3 | $137.24 | holding | — | — | — | — | Jan 26, 2020 | Common Stock | 4,822 | 4,822 | D |
| Stock Option - Right to PurchaseF6,F3 | $204.88 | holding | — | — | — | — | Jan 18, 2022 | Common Stock | 4,588 | 4,588 | D |
Explanation of responses
- F1The number of shares of common stock previously reported by the reporting person was reduced by 540,439 as a result of the 1-for-4 reverse stock split of Whiting Petroleum Corporation's common stock effective on November 8, 2017. Cash was paid in lieu of the issuance of fractional shares with respect to shares of common stock not subject to restrictions.
- F2This option was previously reported as covering 24,890 shares at an exercise price of $60.285, but was adjusted to reflect the 1-for-4 reverse stock split of Whiting Petroleum Corporation's common stock effective on November 8, 2017. Any fractional share that would have become subject to this option as a result of the reverse stock split was canceled for no consideration.
- F3Grant to reporting person of ten-year option to buy shares of common stock under the Whiting Petroleum Corporation 2003 Equity Incentive Plan. The option vests and becomes exercisable as follows: 1/3 on 1st anniversary of the date of grant, 2/3 on 2nd anniversary of the date of grant and 3/3 on 3rd anniversary of the date of grant.
- F4This option was previously reported as covering 74,720 shares at an exercise price of $12.755, but was adjusted to reflect the 1-for-4 reverse stock split of Whiting Petroleum Corporation's common stock effective on November 8, 2017. Any fractional share that would have become subject to this option as a result of the reverse stock split was canceled for no consideration.
- F5This option was previously reported as covering 19,290 shares at an exercise price of $34.31, but was adjusted to reflect the 1-for-4 reverse stock split of Whiting Petroleum Corporation's common stock effective on November 8, 2017. Any fractional share that would have become subject to this option as a result of the reverse stock split was canceled for no consideration.
- F6This option was previously reported as covering 18,352 shares at an exercise price of $51.22, but was adjusted to reflect the 1-for-4 reverse stock split of Whiting Petroleum Corporation's common stock effective on November 8, 2017. Any fractional share that would have become subject to this option as a result of the reverse stock split was canceled for no consideration.