SEC Form 4 · accession 0001209191-16-122699
WPX ENERGY, INC.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis C Cameron
Officer — SVP and General Counsel
Period of report
May 19, 2016
Accepted (ET)
May 23, 2016 · 5:33 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 19, 2016 | A | 50,000 | $0.00 | A | 113,905 | D | |
| Common Stock | holding | — | — | — | 1,800 | I | By Wife |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3,F4 | — | May 19, 2016 | A | 33,333 | A | — | — | Common Stock | 33,333 | 73,568 | D |
Explanation of responses
- F1Subject to the applicable award agreement, this award vests in the following increments: 16,666 on March 2, 2017, 16,667 on March 2, 2018, and 16,667 on March 2, 2019.
- F2Vesting 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.
- F3Each 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.
- F4Subject 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, 2019.