SEC Form 4 · accession 0001209191-15-020330
BATTALION OIL CORP · BATL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David S Elkouri
Officer — EVP, Corp Strategy and CLO
Period of report
Feb 25, 2015
Accepted (ET)
Mar 2, 2015 · 5:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001282648
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 25, 2015 | G | 50,000 | $0.00 | D | 264,551 | D | |
| Common Stock | Feb 26, 2015 | A | 151,408 | $0.00 | A | 415,959 | D | |
| Common Stock | Feb 27, 2015 | F | 4,682 | $1.92 | D | 411,277 | D | |
| Common Stock | Feb 28, 2015 | F | 6,955 | $1.92 | D | 404,322 | D | |
| Common Stock | Mar 2, 2015 | J | 741 | $0.00 | A | 405,063 | D | |
| Common StockF4 | holding | — | — | — | 21,500 | I | By Trust | |
| Common Stock | holding | — | — | — | 15,000 | I | By IRA | |
| Common Stock | holding | — | — | — | 30,000 | I | By IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to buy)F5 | $1.97 | Feb 26, 2015 | A | 355,176 | A | — | Feb 26, 2026 | Common Stock | 355,176 | 355,176 | D |
Explanation of responses
- F1Represents shares withheld to satisfy withholding taxes applicable upon vesting of the February 27, 2014 restricted stock grant.
- F2Represents shares withheld to satisfy withholding taxes applicable upon vesting of the February 28, 2013 restricted stock grant.
- F3On January 30, 2015, Halcon Resources Corporation ("Halcon") declared a stock dividend, payable to all Series A Cumulative Perpetual Convertible Preferred Stock holders of record on February 13, 2015. As a result, the reporting person received 741 shares of Halcon stock on March 2, 2015.
- F4These shares are held in trust for the benefit of the reporting person's daughter. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for Section 16 or any other purpose.
- F5The option vests in three equal annual installments beginning February 26, 2016.