Filing Details

Accession Number:
0001181431-13-017427
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-03-18 16:12:01
Reporting Period:
2013-03-14
Filing Date:
2013-03-18
Accepted Time:
2013-03-18 16:12:01
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
892986 Warren Resources Inc WRES Crude Petroleum & Natural Gas (1311) 113024080
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1564285 Arthur Philip Epstein 1114 Avenue Of The Americas
34Th Floor
New York NY 10036
Chief Executive Officer Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2013-03-14 5,000 $2.85 1,395,000 No 4 P Indirect By IRA Account
Common Stock Acquisiton 2013-03-14 5,000 $2.86 1,400,000 No 4 P Indirect By IRA Account
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By IRA Account
No 4 P Indirect By IRA Account
Footnotes
  1. Includes 1,390,000 Restricted Shares of Common Stock that vest, if at all, based on the average closing trading price ("ACTP") of Warren Resources, Inc.'s Common Stock over any period of thirty (30) consecutive trading days (a "Thirty Day Period") occurring during the period commencing on December 5, 2012 with respect to 695,000 Restricted Shares and on January 2, 2013 with respective to another 695,000 Restricted Shares (collectively, the "Effective Dates") and ending on the last business day occurring before the fifth anniversary of the Effective Dates (the "Performance Period") as follows: (i) 231,666 Restricted Shares on the first day that the ACTP for any Thirty Day Period equals or exceeds $4.00, and (ii) an additional 193,056 Restricted Shares on the first day that the ACTP for any Thirty Day Period equals or exceeds any higher whole dollar increment ranging from $5 to $10.
  2. The additional 10,000 shares acquired on March 14, 2013 were purchased by the Reporting Person's IRA account.