SWANTON NORMAN F 4
4 · WARREN RESOURCES INC · Filed Mar 7, 2012
Insider Transaction Report
Form 4
SWANTON NORMAN F
DirectorChairman & CEO
Transactions
- Exercise/Conversion
Common Stock
2012-03-05$3.99/sh+40,634$162,130→ 1,469,632 total - Tax Payment
Common Stock
2012-03-05$3.99/sh−18,002$71,828→ 1,451,630 total - Exercise/Conversion
Restricted Stock Units
2012-03-05$3.99/sh−40,634$162,130→ 81,266 totalExercise: $0.00From: 2012-03-05Exp: 2014-03-05→ Common Stock (40,634 underlying)
Footnotes (2)
- [F1]On March 4, 2011, Reporting Person was issued restricted stock units (RSUs). Each RSU represented a contingent right to one (1) share of Warren Resources, Inc. common stock once vested. The RSUs granted on March 4, 2011 vest: 1/3rd on March 4, 2012, 1/3rd on March 4, 2013 and 1/3rd on March 4, 2014.
- [F2]Restricted Stock vested through net settlement with the Company pursuant to which the Company withheld the number of shares necessary to cover Reporting Person's minimum tax withholding.