SEC Form 4 · accession 0001209191-15-020334
BATTALION OIL CORP · BATL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Floyd C Wilson
Officer — Chairman and CEO
Period of report
Feb 26, 2015
Accepted (ET)
Mar 2, 2015 · 5:10 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 4, 2015 | G | 300,000 | $0.00 | D | 3,229,223 | D | |
| Common StockF1 | Feb 4, 2015 | G | 45,000 | $0.00 | A | 116,805 | I | By Trusts |
| Common StockF2 | Feb 4, 2015 | G | 255,000 | $0.00 | A | 408,000 | I | By Family Trusts |
| Common Stock | Feb 26, 2015 | A | 528,169 | $0.00 | A | 3,757,392 | D | |
| Common Stock | Mar 2, 2015 | J | 7,415 | $0.00 | A | 3,764,807 | D |
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)F4 | $1.97 | Feb 26, 2015 | A | 1,238,987 | A | — | Feb 26, 2025 | Common Stock | 1,238,987 | 1,238,987 | D |
Explanation of responses
- F1These shares are held in trusts for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trusts. 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 purposes of Section 16 or for any other purpose.
- F2The shares are held in seventeen trusts for the benefit of family members for which the reporting person serves as the trustee. 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 purposes of Section 16 or for any other purpose.
- 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 7,415 shares of Halcon stock on March 2, 2015.
- F4The option vests in three equal annual installments beginning February 26, 2016.