James P. Henderson - Jan 31, 2022 Form 4 Insider Report for WHITING PETROLEUM CORP (WLLAW)

Signature
/s /M. Scott Regan, Attorney-in-Fact for Henderson, James P.
Stock symbol
WLLAW
Transactions as of
Jan 31, 2022
Transactions value $
-$382,907
Form type
4
Date filed
2/2/2022, 04:23 PM
Previous filing
Sep 2, 2021
Next filing
Feb 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLLAW Common Stock Options Exercise +11.6K +50.51% 34.5K Jan 31, 2022 Direct F1
transaction WLLAW Common Stock Tax liability -$383K -5.16K -14.95% $74.25 29.3K Jan 31, 2022 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 Performance Share Units (Absolute) 2022 Award $0 +6.12K $0.00 6.12K Jan 31, 2022 Common Stock 6.12K Direct F2
transaction WLLAW Performance Share Units (Relative) 2022 Award $0 +6.12K $0.00 6.12K Jan 31, 2022 Common Stock 6.12K Direct F3
transaction WLLAW Restricted Stock Units - VWAP Options Exercise $0 -11.6K -100% $0.00* 0 Jan 31, 2022 Common Stock 11.6K Direct F1
transaction WLLAW Restricted Stock Units 2022 Award $0 +8.16K $0.00 8.16K Jan 31, 2022 Common Stock 8.16K Direct F4
* 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 46,300 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 11,575 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 11,575 RSUs vested January 31, 2022 as the VWAP exceeded $65.14 per share for 20 consecutive trading days.
F2 Each absolute TSR performance share unit represents a contingent right to receive 0-200% of that number in shares of Company common stock. The amount reported represents the "target" number. The absolute TSR performance share units will vest upon continued employment and achievement of specified metrics as described in the related grant agreement.
F3 Each relative TSR performance share unit represents a contingent right to receive 0-200% of that number in shares of Company common stock. The amount reported represents the "target" number. The relative TSR performance share units will vest upon continued employment and achievement of specified metrics as described in the related grant agreement.
F4 Each restricted stock unit represents a right to receive one share of the Company's common stock. The restricted stock units will vest in approximately three equal annual installments beginning on the first anniversary of the grant date subject to continued employment.