SEC Form 4 · accession 0001209191-15-022678
WPX ENERGY, INC.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Kevin Vann
Officer — SVP and CFO
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 9:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001518832
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 2, 2015 | A | 75,630 | $0.00 | A | 98,985 | D | |
| Common StockF2 | Mar 3, 2015 | M | 3,122 | — | A | 102,107 | D | |
| Common StockF3 | Mar 3, 2015 | F | 1,018 | $10.68 | D | 101,089 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5,F6 | — | Mar 2, 2015 | A | 50,420 | A | — | — | Common Stock | 50,420 | 62,532 | D |
| Restricted Stock UnitsF2,F7 | — | Mar 3, 2015 | M | 3,122 | D | — | — | Common Stock | 3,122 | 51,010 | D |
Explanation of responses
- F1Subject to the applicable award agreement, this award vests in the following increments: 25,210 on March 2, 2016, 25,210 on March 2, 2017, and 25,210 on March 2, 2018.
- F2Each time-based restricted stock unit represented a contingent right to receive a share of common stock, subject to the applicable award agreement.
- F3Represents shares withheld to satisfy withholding tax obligations due upon vesting of restricted stock units.
- F4Vesting of performance-based awards are subject to compensation committee certification that the Company has met a three-year performance measure, which is based on total shareholder return with absolute and relative dependent measures.
- F5Each performance-based restricted stock unit represents a contingent right to receive a share of common stock, subject to adjustment based on the applicable award agreement and compensation committee certification that the Company has met the three-year performance measure.
- F6Subject to the applicable award agreement and compensation committee certification that the Company has met the applicable three-year performance measure, this award vests on March 2, 2018.
- F7Award vested on March 3, 2015.