SEC Form 4 · accession 0001209191-17-026937
BATTALION OIL CORP · BATL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph S Rinando III
Officer — SVP, CAO and Controller
Period of report
Apr 11, 2017
Accepted (ET)
Apr 13, 2017 · 6:42 pm EDT
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 StockF1 | Apr 11, 2017 | A | 20,833 | $0.00 | A | 86,329 | 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)F2 | $7.75 | Apr 11, 2017 | A | 41,667 | A | — | Apr 11, 2027 | Common Stock | 41,667 | 41,667 | D |
Explanation of responses
- F1Pursuant to the certain Joint Prepackaged Chapter 11 Plan Under Chapter 11 of the Bankruptcy Code, dated as of September 2, 2016 (the "Plan") which became effective pursuant to its terms on September 9, 2016, the Reporting Person received an award of restricted stock in accordance with the terms of the Plan. The restricted stock award will vest fully in one installment on September 12, 2017.
- F2Pursuant to that certain Joint Prepackaged Chapter 11 Plan Under Chapter 11 of the Bankruptcy Code, dated as of September 2, 2016 (the "Plan") which became effective pursuant to its terms on September 9, 2016, the Reporting Person received stock options granted in accordance with the terms of the Plan. The stock options will vest fully in three equal annual installments beginning on April 11, 2018.