Kevin S. McCarthy - Jul 1, 2022 Form 4 Insider Report for WHITING PETROLEUM CORP (WLLAW)

Role
Director
Signature
/s /M. Scott Regan, Attorney-in-Fact for McCarthy Kevin S
Stock symbol
WLLAW
Transactions as of
Jul 1, 2022
Transactions value $
$0
Form type
4
Date filed
7/5/2022, 04:28 PM
Previous filing
Jul 5, 2022
Next filing
Aug 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLLAW Common Stock, par value $0.001 per share ("Common Stock") Disposed to Issuer -24.8K -100% 0 Jul 1, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Kevin S. McCarthy is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This Form 4 reports securities disposed of in connection with the Agreement and Plan of Merger, dated March 7, 2022 (the "Merger Agreement"), by and among Oasis Petroleum Inc. ("Oasis"), Ohm Merger Sub Inc., a wholly owned subsidiary of Oasis ("Merger Sub"), New Ohm LLC, a wholly owned subsidiary of Oasis, and Whiting Petroleum Corporation ("Whiting"). Pursuant to the Merger Agreement, on July 1, 2022 (the "Effective Time"), Merger Sub merged with and into Whiting, with Whiting surviving as a wholly owned subsidiary of Oasis. Pursuant to the Merger Agreement, each outstanding restricted stock unit ("RSU") held by the Reporting Person vested immediately prior to the Effective Time and, at the Effective Time, each share of Common Stock was canceled in exchange for the right to receive 0.5774 shares of common stock of Oasis and $6.25 in cash. The Merger Agreement was filed by Whiting on March 7, 2022, as Exhibit 2.1 to its Current Report on Form 8-K.

Remarks:

By virtue of the Merger Agreement, the Reporting Person has ceased being a Section 16 director of Whiting.