SEC Form 4 · accession 0001209191-16-151515
BATTALION OIL CORP · BATL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Floyd C Wilson
Officer — Chairman, CEO & President
Period of report
Nov 17, 2016
Accepted (ET)
Nov 21, 2016 · 8:52 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 | Nov 17, 2016 | J | 155,618 | $0.00 | A | 1,121,919 | D | |
| Common StockF2 | Nov 17, 2016 | J | 5,895 | $0.00 | A | 6,583 | I | By Trusts |
| Common StockF3 | holding | — | — | — | 2,403 | I | By Family Trusts | |
| Common StockF4 | holding | — | — | — | 324 | I | By Trust | |
| Common Stock | holding | — | — | — | 4,292 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (Right to Buy) | $14.04 | Nov 18, 2016 | J | 40,952 | A | Sep 9, 2016 | Sep 9, 2020 | Common Stock | 40,952 | 42,117 | D |
| Warrants (Right to Buy)F2 | $14.04 | Nov 18, 2016 | J | 1,557 | A | Sep 9, 2016 | Sep 9, 2020 | Common Stock | 1,557 | 1,557 | I |
| Warrants (Right to Buy) | $14.04 | holding | — | — | — | Sep 9, 2016 | Sep 9, 2020 | Common Stock | 1,165 | 1,165 | I |
| Employee Stock Option (Right to Buy)F5 | $9.24 | holding | — | — | — | — | Sep 12, 2026 | Common Stock | 1,862,500 | 1,862,500 | D |
Explanation of responses
- F1Pro rata distribution from Mwewe Partners LLC.
- F2These 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.
- F3The 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.
- F4The shares are held in a trust for the benefit of the reporting person's grandchild 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.
- F5The option vests in three equal annual installments beginning September 12, 2017.