SEC Form 4 · accession 0001509589-17-000037
Bonanza Creek Energy, Inc. · BCEI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas B Tyree Jr.
Director
Period of report
Jun 5, 2017
Accepted (ET)
Jun 6, 2017 · 4:59 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 Stock | Jun 5, 2017 | A | 10,223 | $0.00 | A | 10,223 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock units with respect to shares of the Issuer's Common Stock granted to the Reporting Person on June 5, 2017 pursuant to the Issuer's 2017 Long Term Incentive Plan. The restricted stock units are scheduled to vest in three equal installments on April 28, 2018, April 28, 2019 and April 28, 2020 and be delivered to the Reporting Person in shares within 30 days after April 28, 2020 (subject to accelerated vesting and delivery on specified terminations of the Reporting Person's service or a change in control of the Issuer). The number of shares was determined by dividing the award value of $375,000 by $36.68 (which was the volume weighted average price of a share for the 30-day period beginning on May 1, 2017).