Lynn A. Peterson - 01 Jul 2021 Form 4 Insider Report for WHITING PETROLEUM CORP

Role: President & CEO, Director
Signature: /s /M. Scott Regan, Attorney-in-Fact for Peterson Lynn A
Issuer symbol: N/A
Transactions as of: 01 Jul 2021
Net transactions value: -$589,959
Form type: 4
Filing time: 02 Jul 2021, 13:05:08 UTC
Previous filing: 10 Jun 2021
Next filing: 02 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WLLAW	Common Stock	Options Exercise		+23,625	+89%		50,132	01 Jul 2021	Direct	F1
transaction	WLLAW	Common Stock	Tax liability	$589,959	-10,372	-21%	$56.88	39,760	01 Jul 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WLLAW	Restricted Stock Units	Options Exercise	$0	-23,625	-100%	$0.000000^*	0	01 Jul 2021	Common Stock	23,625		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents conversion of restricted stock units under the Whiting Petroleum Corporation 2020 Equity Incentive Plan, each of which represents the right to receive one share of Whiting Petroleum Corporation common stock. Of the 94,500 RSUs granted in September 2020, 50% vested on March 19, 2021 as the volume weighted average price for Whiting Petroleum Corporation common stock ("VWAP") exceeded $32.57 per share for 20 consecutive trading days. An additional 23,625 RSUs, representing 25% of the total, vested on July 1, 2021 as the VWAP exceeded $48.86 per share for 20 consecutive trading days. The remaining 23,625 RSUs will vest if the VWAP exceeds $65.14 per share for 20 consecutive trading days.

Content

Represents conversion of restricted stock units under the Whiting Petroleum Corporation 2020 Equity Incentive Plan, each of which represents the right to receive one share of Whiting Petroleum Corporation common stock. Of the 94,500 RSUs granted in September 2020, 50% vested on March 19, 2021 as the volume weighted average price for Whiting Petroleum Corporation common stock ("VWAP") exceeded $32.57 per share for 20 consecutive trading days. An additional 23,625 RSUs, representing 25% of the total, vested on July 1, 2021 as the VWAP exceeded $48.86 per share for 20 consecutive trading days. The remaining 23,625 RSUs will vest if the VWAP exceeds $65.14 per share for 20 consecutive trading days.