SEC Form 4 · accession 0001104659-15-019601

WARREN RESOURCES INC · WRES

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

Reporting owner

Officer — Vice President & C.F.O.

Period of report

Mar 11, 2015

Accepted (ET)

Mar 13, 2015 · 4:41 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000892986

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Mar 11, 2015	M	8,333	—	A	150,743	D
Common Stock^F2	Mar 11, 2015	F	3,138	$1.175	D	147,605	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F3	—	Mar 11, 2015	M	8,333	D	—	Mar 11, 2016	Common Stock	8,333	8,333	D
Restricted Stock Units^F1,F4	—	Mar 12, 2015	A	20,833	A	—	—	Common Stock	20,833	20,833	D
Stock Options (Right to Buy)^F5	$1.11	Mar 12, 2015	A	62,500	A	—	Mar 12, 2020	Common Stock	62,500	62,500	D

F1Each restricted stock unit converts into Common Stock of Warren Resources, Inc. (the "Issuer") on a one-to-one basis.
F2This number represents shares of the Issuer's Common Stock withheld to satisfy the tax withholding obligation due upon vesting of restricted stock units.
F3On March 11, 2013, the Issuer issued restricted stock units ("RSUs") to the reporting person. The RSUs granted on March 11, 2013 vest 1/3 on March 11, 2014, 1/3 on March 11, 2015 and 1/3 on March 11, 2016.
F4On March 12, 2015, the Issuer issued RSUs to the reporting person. The RSUs granted on March 12, 2015 vest 1/3 on March 12, 2016, 1/3 on March 12, 2017 and 1/3 on March 12, 2018.
F5The stock options granted on March 12, 2015 vest: 1/3rd on March 12, 2016, 1/3rd on March 12, 2017 and 1/3rd on March 12, 2018.