SEC Form 4 · accession 0001509589-16-000110
Bonanza Creek Energy, Inc. · BCEI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lynn Boone
Officer — SVP, Planning & Reserves
Period of report
Jul 19, 2016
Accepted (ET)
Jul 21, 2016 · 7:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001509589
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTIP UnitsF1,F3,F2 | — | Jul 19, 2016 | A | 108,424 | A | — | — | Common Stock | 108,424 | 108,424 | D |
Explanation of responses
- F1Each LTIP unit represents a contingent right to receive one share of BCEI common stock, subject to adjustment as described in Footnote 3.
- F2This award will vest in three equal installments on March 15, 2017, March 15, 2018, and March 15, 2019.
- F3The distribution at each vesting date will be adjusted downward if the BCEI stock price exceeds $26.00, so that the distribution represents a value equivalent to $26.00 per share.