SEC Form 4 · accession 0001179110-15-007146
WARREN RESOURCES INC · WRES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Michael Dowell
Officer — Vice President, Warren E&P
Period of report
May 2, 2015
Accepted (ET)
May 5, 2015 · 5:15 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 StockF1 | May 2, 2015 | M | 10,923 | — | A | 87,561 | D | |
| Common StockF3 | May 2, 2015 | F | 4,007 | $1.07 | D | 83,554 | 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 UnitsF1,F2 | — | May 2, 2015 | M | 10,923 | D | — | May 2, 2015 | Common Stock | 10,923 | 0 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") converts into Common Stock of Warren Resources, Inc. (the "Issuer") on a one-to-one basis
- F2On May 2, 2012, the Issuer issued RSUs to the reporting person. The RSUs granted on May 2, 2012 vested 1/3 on each anniversary of the issue date. The 1/3 of the award vested on May 2, 2015.
- F3This number represents shares of the Issuer's Common Stock withheld to satisfy the tax withholding obligation due upon vesting of RSUs.