Lynn A. Peterson - Jul 1, 2021 Form 4 Insider Report for WHITING PETROLEUM CORP (WLLAW)

Signature
/s /M. Scott Regan, Attorney-in-Fact for Peterson Lynn A
Stock symbol
WLLAW
Transactions as of
Jul 1, 2021
Transactions value $
-$589,959
Form type
4
Date filed
7/2/2021, 01:05 PM
Previous filing
Jun 10, 2021
Next filing
Sep 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLLAW Common Stock Options Exercise +23.6K +89.13% 50.1K Jul 1, 2021 Direct F1
transaction WLLAW Common Stock Tax liability -$590K -10.4K -20.69% $56.88 39.8K Jul 1, 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 -23.6K -100% $0.00* 0 Jul 1, 2021 Common Stock 23.6K 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.