SEC Form 4 · accession 0001509589-15-000002
Bonanza Creek Energy, Inc. · BCEI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J. Cassidy
Officer — EVP & CFO
Period of report
Sep 15, 2015
Accepted (ET)
Sep 17, 2015 · 6:26 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,F2 | Sep 15, 2015 | F | 1,209 | $5.73 | D | 42,695 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF3 | — | holding | — | — | — | — | Dec 31, 2015 | Common Stock | 3,779 | 3,779 | D |
| Performance SharesF3 | — | holding | — | — | — | — | Dec 31, 2016 | Common Stock | 12,450 | 12,450 | D |
| Performance SharesF3 | — | holding | — | — | — | — | Dec 31, 2017 | Common Stock | 22,652 | 22,652 | D |
Explanation of responses
- F1Represents shares withheld to satisfy tax obligations upon vesting of restricted stock.
- F2Includes (i) 7,964 shares of common stock and (ii) 34,731 shares or restricted common stock subject to vesting.
- F3Each performance share represents a contingent right to receive 0-200% of that number of shares of common stock. The amount listed represents what the Reporting Person would receive at the target or 100% level. The performance shares vest upon continued employment and achievement of certain predetermined performance goals.