SEC Form 4 · accession 0001562180-16-001828

Bonanza Creek Energy, Inc. · BCEI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Sr. VP, Planning & Reserves

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 Stock^F1	Feb 23, 2016	M	2,847	—	A	50,576	D
Common Stock^F2,F3	Feb 23, 2016	F	1,062	$1.75	D	49,514	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Shares^F1	—	Feb 23, 2016	M	2,847	D	—	Mar 14, 2016	Common Stock	2,847	0	D
Performance Shares^F4	—	holding	—	—	—	—	Dec 31, 2016	Common Stock	5,076	5,076	D
Performance Shares^F4	—	holding	—	—	—	—	Dec 31, 2017	Common Stock	9,147	9,147	D

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) 34,422 shares of common stock and (ii) 15,092 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.