SEC Form 4 · accession 0001562180-16-001827
Bonanza Creek Energy, Inc. · BCEI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony G Buchanon
Officer — EVP and COO
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 7:31 pm EST
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 | Feb 23, 2016 | M | 2,373 | — | A | 58,193 | D | |
| Common StockF2,F3 | Feb 23, 2016 | F | 885 | $1.75 | D | 57,308 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF1 | — | Feb 23, 2016 | M | 2,373 | D | — | Dec 31, 2015 | Common Stock | 2,847 | 0 | D |
| Performance SharesF4 | — | holding | — | — | — | — | Dec 31, 2016 | Common Stock | 12,450 | 12,450 | D |
| Performance SharesF4 | — | holding | — | — | — | — | Dec 31, 2017 | Common Stock | 22,652 | 22,652 | D |
Explanation of responses
- F1The amount listed represents shares of the Company's common stock that vested on February 23, 2016, based on the Board of Directors' determination of the achievement of certain predetermined performance goals under previously issued performance-based stock units.
- F2Represents shares withheld to satisfy tax obligations upon vesting of restricted stock.
- F3Includes (i) 24,222 shares of common stock and (ii) 33,086 shares of restricted common stock subject to vesting.
- F4Each 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.