SEC Form 4 · accession 0001209191-16-120478
WPX ENERGY, INC.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Richard E Muncrief
Officer — President and CEO · Director
Period of report
May 15, 2016
Accepted (ET)
May 16, 2016 · 5:51 pm EDT
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 | May 15, 2016 | M | 144,347 | — | A | 539,852 | D | |
| Common StockF2 | May 15, 2016 | F | 67,771 | $9.12 | D | 472,081 | 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 UnitsF3,F1,F4 | — | Mar 15, 2016 | M | 144,347 | D | — | — | Common Stock | 144,347 | 144,347 | D |
Explanation of responses
- F1Each performance-based restricted stock unit represented a contingent right to receive a share of common stock, subject to satisfaction of the applicable vesting criteria.
- F2Represents shares withheld to satisfy withholding tax obligations due upon vesting of restricted stock units.
- F3Vesting of the performance-based restricted stock units was subject to satisfaction of the performance measure, which was based on the closing price of the Company's common stock during the three-year period following the date of grant.
- F4Award vested on May 15, 2016, after satisfaction of the applicable performance vesting criteria.