Arthur T. Smith - Feb 19, 2022 Form 4 Insider Report for Berry Corp (bry) (BRY)

Role
President & CEO, Director
Signature
Arthur T. Smith, by Jordan D. Scott, as attorney-in-fact
Stock symbol
BRY
Transactions as of
Feb 19, 2022
Transactions value $
-$279,594
Form type
4
Date filed
2/23/2022, 03:01 PM
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRY Common Stock Options Exercise +83.5K +21.56% 471K Feb 19, 2022 Direct F1
transaction BRY Common Stock Tax liability -$280K -31.4K -6.67% $8.90 440K Feb 19, 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 BRY Restricted Stock Units 2021 Options Exercise $0 -83.5K -33.33% $0.00 167K Feb 19, 2022 Common Stock 83.5K Direct F1
transaction BRY Restricted Stock Units 2022 Award $0 +175K $0.00 175K Feb 19, 2022 Common Stock 175K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents a contingent right to receive one share of common stock, par value $0.001 per share, of Berry Corporation (bry). One-third of the Restricted Stock Units vest on each of the first three anniversaries of February 19, 2021, subject to the continued employment of the Reporting Person.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of common stock, par value $0.001 per share, of Berry Corporation (bry). One-third of the Restricted Stock Units vest on each of the first three anniversaries of February 19, 2022, subject to the continued employment of the Reporting Person.