Form Type: 4

SEC EDGAR Link
Accession Number:0001562180-20-005810
Date:2020-09-01
Issuer: WHITING PETROLEUM CORP (WLL)
Original Submission Date:

Reporting Person:

ALLER THOMAS L
1700 LINCOLN STREET, SUITE 4700
DENVER, CO 80203

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-09-01 D 27,483 d $0.00 0 direct
COMMON STOCK 2020-09-01 A 367 a $0.00 367 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
WARRANTS (RIGHT TO BUY) 83.45 2020-09-01 deemed execution date A 720 (a) 2025-09-01 common stock 720 $83.45 720 direct
WARRANTS (RIGHT TO BUY) 73.44 2020-09-01 deemed execution date A 1,439 (a) 2024-09-01 common stock 1,439 $73.44 1,439 direct
Footnotes
IDfootnote
f1 on april 1, 2020, whiting petroleum corporation (the "issuer") and certain of its subsidiaries (together with the issuer, the "company") commenced voluntary cases under chapter 11 of the united states bankruptcy code in the united state bankruptcy court for the southern district of texas (the "bankruptcy court"). on august 14, 2020, the bankruptcy court entered an order confirming the joint chapter 11 plan of reorganization of whiting petroleum corporation and its debtor affiliates (as amended, modified or supplemented from time to time, the "plan"). on september 1, 2020 (the "effective date"), the plan became effective in accordance with its terms and the company emerged from chapter 11.
f2 on the effective date, all outstanding shares of the issuer's common stock ("old common stock") were cancelled and extinguished in accordance with the plan approved by the bankruptcy court.
f3 on the effective date, new shares of the issuer's common stock ("new common stock") were issued to the reporting person pursuant to the plan in exchange for old common stock held by the reporting person on the effective date at an effective exchange ratio of 0.0133557960 of a share of new common stock for each share of old common stock. the receipt of shares of new common stock was involuntary, without additional consideration and in accordance with the plan approved by the bankruptcy court.
f4 on the effective date, the reporting person also received series b warrants to purchase shares of new common stock in exchange for old common stock held by the reporting person on the effective date at an effective exchange ratio of 0.0261878353 of a series b warrant for each share of old common stock. the series b warrants are exercisable for one share of new common stock from the date of issuance until 5:00 p.m., new york time, on the expiration date. the receipt of series b warrants was involuntary, without additional consideration and in accordance with the plan approved by the bankruptcy court.
f5 on the effective date, the reporting person also received series a warrants to purchase shares of new common stock in exchange for old common stock held by the reporting person on the effective date at an effective exchange ratio of 0.0523756707 of a series a warrant for each share of old common stock. the series a warrants are exercisable for one share of new common stock from the date of issuance until 5:00 p.m., new york time, on the expiration date. the receipt of series a warrants was involuntary, without additional consideration and in accordance with the plan approved by the bankruptcy court.
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