Statement of Changes in Beneficial Ownership (4)
05 February 2021 - 5:30AM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Peterson Lynn A |
2. Issuer Name and Ticker or Trading Symbol
WHITING PETROLEUM CORP
[
WLL
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President & CEO |
(Last)
(First)
(Middle)
1700 LINCOLN STREET, SUITE 4700 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/2/2021 |
(Street)
DENVER, CO 80203
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Performance Share Units (Absolute) | (1) | 2/2/2021 | | A | | 56772.00 | | (1) | (1) | Common Stock | 56772.00 | $0.00 | 56772.00 | D | |
Performance Share Units (Relative) | (2) | 2/2/2021 | | A | | 56772.00 | | (2) | (2) | Common Stock | 56772.00 | $0.00 | 56772.00 | D | |
Restricted Stock Units | (3) | 2/2/2021 | | A | | 48662.00 | | (3) | (3) | Common Stock | 48662.00 | $0.00 | 48662.00 | D | |
Restricted Stock Units - Extended Vesting | (4) | 2/2/2021 | | A | | 52716.00 | | (4) | (4) | Common Stock | 52716.00 | $0.00 | 52716.00 | D | |
Explanation of Responses: |
(1) | Each absolute TSR performance share unit represents a contingent right to receive 0-200% of that number in shares of Company common stock. The amount reported represents the "target" number. The absolute TSR performance share units will vest upon continued employment and achievement of specified metrics as described in the related grant agreement. |
(2) | Each relative TSR performance share unit represents a contingent right to receive 0-200% of that number in shares of Company common stock. The amount reported represents the "target" number. The relative TSR performance share units will vest upon continued employment and achievement of specified metrics as described in the related grant agreement. |
(3) | Each restricted stock unit represents a right to receive one share of the Company's common stock. The restricted stock units will vest in approximately three equal annual installments beginning on the first anniversary of the grant date subject to continued employment. |
(4) | Each extended vesting restricted stock unit represents a right to receive one share of the Company's common stock. The restricted stock units will vest on the fifth anniversary of the grant date subject to continued employment. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Peterson Lynn A 1700 LINCOLN STREET SUITE 4700 DENVER, CO 80203 | X |
| President & CEO |
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Signatures
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/s /M. Scott Regan, Attorney-in-Fact for Peterson Lynn A | | 2/4/2021 |
**Signature of Reporting Person | Date |
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