SEC Form 4 · accession 0000950103-17-003891
Bonanza Creek Energy, Inc. · BCEI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard J Carty
Officer — President & CEO · Director
Period of report
Apr 24, 2017
Accepted (ET)
Apr 26, 2017 · 9:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001509589
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 24, 2017 | M | 145,834 | — | A | 227,341 | D | |
| Common StockF2 | Apr 24, 2017 | F | 46,400 | $0.87 | D | 180,941 | D | |
| Common StockF3 | Apr 24, 2017 | F | 3,703 | $1.13 | D | 177,238 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTIP UnitsF1 | — | Apr 24, 2017 | M | 145,834 | D | — | — | Common Stock | 145,834 | 291,666 | D |
Explanation of responses
- F1Each LTIP unit represents a contingent right to receive one share based on the level of attainment of the applicable performance goal. One-third of the award was settled in shares on April 24, 2017. The remaining two-thirds of the award is scheduled to vest in equal installments on March 15, 2018 and March 15, 2019.
- F2Represents shares withheld to satisfy tax withholding obligations arising on settlement of the LTIP units referenced in footnote 1.
- F3Represents shares withheld to satisfy tax withholding obligations arising on vesting of restricted stock on March 15, 2017.