SEC Form 4 · accession 0001209191-16-122522
WPX ENERGY, INC.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Herdman
Director
Period of report
May 19, 2016
Accepted (ET)
May 23, 2016 · 3:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001518832
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Time-Based Restricted Stock UnitsF1,F3 | — | May 19, 2016 | A | 18,974 | A | — | — | Common Stock | 18,974 | 50,495 | D |
Explanation of responses
- F1Each time-based restricted stock unit represents a contingent right to receive a share of common stock, subject to the applicable award agreement.
- F2Represents grant of restricted stock units as a result of the reporting person's election to defer receipt of award of restricted stock.
- F3Subject to the applicable award agreement, this award will vest upon the reporting person's Separation from Service (as defined in the WPX Energy Board of Directors Nonqualified Deferred Compensation Plan), so long as such Separation from Service occurs on or after the one-year anniversary of the grant date.