Charles J. Rimer - Jul 1, 2021 Form 4 Insider Report for WHITING PETROLEUM CORP (WLLAW)

Role: EVP Operations & COO
Signature: /s /M. Scott Regan, Attorney-in-Fact for Rimer Charles J.
Stock symbol: WLLAW
Transactions as of: Jul 1, 2021
Transactions value $: -$292,591
Form type: 4
Date filed: 7/2/2021, 01:05 PM
Next filing: Feb 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WLLAW	Common Stock	Options Exercise		+12.3K	+80.33%		27.6K	Jul 1, 2021	Direct	F1
transaction	WLLAW	Common Stock	Tax liability	-$293K	-5.14K	-18.67%	$56.88	22.4K	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	-12.3K	-100%	$0.00^*	0	Jul 1, 2021	Common Stock	12.3K		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 49,100 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 12,275 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 12,275 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 49,100 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 12,275 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 12,275 RSUs will vest if the VWAP exceeds $65.14 per share for 20 consecutive trading days.