Charles J. Rimer - Jan 31, 2022 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: Jan 31, 2022
Transactions value $: -$405,702
Form type: 4
Date filed: 2/2/2022, 04:24 PM
Previous filing: Jul 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		+12.3K	+54.77%		34.7K	Jan 31, 2022	Direct	F1
transaction	WLLAW	Common Stock	Tax liability	-$406K	-5.46K	-15.75%	$74.25	29.2K	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 2022	Award	$0	+8.16K		$0.00	8.16K	Jan 31, 2022	Common Stock	8.16K		Direct	F4
transaction	WLLAW	Restricted Stock Units VWAP	Options Exercise	$0	-12.3K	-100%	$0.00^*	0	Jan 31, 2022	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 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.