SEC Form 4 · accession 0001127602-18-002075
WHITING PETROLEUM CORP · WLL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley J Holly
Officer — President & CEO · Director
Period of report
Jan 16, 2018
Accepted (ET)
Jan 18, 2018 · 4:38 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,F2 | Jan 16, 2018 | A | 50,949 | $0.00 | A | 179,910 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | holding | — | — | — | — | — | Common Stock | 39,619 | 39,619 | D |
Explanation of responses
- F1Grant to reporting person of restricted stock under the Whiting Petroleum Corporation 2013 Equity Incentive Plan, which vests in equal increments over three years.
- F2The number of shares of common stock previously reported by the reporting person was reduced by 335,937 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.
- F3Grant to reporting person of restricted stock units under the Whiting Petroleum Corporation 2013 Equity Incentive Plan, each of which represents the right to receive in cash the value of Whiting Petroleum Corporation common stock. The restricted stock units vest 1/3 on each of the first three anniversaries of the grant date.
- F4These restricted stock units were previously reported as relating to 158,478 shares, but were 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 these restricted stock units as a result of the reverse stock split was canceled for no consideration.