0001209191-21-003093.txt : 20210111
0001209191-21-003093.hdr.sgml : 20210111
20210111190020
ACCESSION NUMBER: 0001209191-21-003093
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210107
FILED AS OF DATE: 20210111
DATE AS OF CHANGE: 20210111
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Muncrief Richard E
CENTRAL INDEX KEY: 0001413122
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32318
FILM NUMBER: 21522002
MAIL ADDRESS:
STREET 1: ONE WILLIAMS CENTER
STREET 2: SUITE 3800
CITY: TULSA
STATE: OK
ZIP: 74172
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: DEVON ENERGY CORP/DE
CENTRAL INDEX KEY: 0001090012
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 731567067
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 333 W. SHERIDAN AVENUE
CITY: OKLAHOMA CITY
STATE: OK
ZIP: 73102
BUSINESS PHONE: 4055528183
MAIL ADDRESS:
STREET 1: 333 W. SHERIDAN AVENUE
CITY: OKLAHOMA CITY
STATE: OK
ZIP: 73102
FORMER COMPANY:
FORMER CONFORMED NAME: DEVON DELAWARE CORP
DATE OF NAME CHANGE: 19990707
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-01-07
0
0001090012
DEVON ENERGY CORP/DE
DVN
0001413122
Muncrief Richard E
333 W. SHERIDAN AVE.
OKLAHOMA CITY
OK
73102
1
1
0
0
President and CEO
Common Stock
2021-01-07
4
A
0
781189
A
781189
D
Common Stock
2021-01-07
4
A
0
81467
A
862656
D
Common Stock
2021-01-07
4
A
0
155172
A
1017828
D
Common Stock
2021-01-07
4
A
0
105004
A
1122832
D
Common Stock
2021-01-07
4
A
0
290531
A
1413363
D
Common Stock
2021-01-07
4
A
0
320775
A
1734138
D
Common Stock
2021-01-07
4
A
0
290946
A
2025084
D
Common Stock
2021-01-07
4
A
0
131255
A
2156339
D
Stock Options
41.53
2021-01-07
4
A
0
62582
A
2024-03-03
Common Stock
62582
62582
D
Pursuant to the terms of the Agreement and Plan of Merger, dated as of September 26, 2020, by and among Devon Energy Corporation ("Devon"), East Merger Sub, Inc. and WPX Energy, Inc. ("WPX") (the "Merger Agreement"), on January 7, 2021 (the "Closing Date"), WPX became a wholly owned subsidiary of Devon. Pursuant to the Merger Agreement, on the Closing Date, each share of WPX Common Stock held by the reporting person was converted automatically into 0.5165 shares of Devon Common Stock.
Pursuant to the Merger Agreement, on the Closing Date, each restricted stock award under a WPX benefit plan ("WPX RSA") was converted into 0.5165 shares of Devon Common Stock. The same terms and conditions applicable to WPX RSAs before the conversion will continue to apply. The WPX RSAs granted to the reporting person on March 1, 2019 were converted into 81,467 shares of Devon Common Stock, which will vest in the following increments: 40,733 on March 2, 2021, and 40,734 on March 2, 2022.
The WPX RSAs granted to the reporting person on March 2, 2020 were converted into 155,172 shares of Devon Common Stock, which will vest in the following increments: 51,724 on March 2, 2021, 51,724 on March 2, 2022, and 51,724 on March 2, 2023.
The WPX RSAs granted to the reporting person on March 9, 2020 were converted into 105,004 shares of Devon Common Stock, which will vest in the following increments: 35,001 on March 9, 2021, 35,001 on March 9, 2022, and 35,002 on March 9, 2023.
Pursuant to the Merger Agreement, on the Closing Date, each performance-based WPX restricted stock unit ("WPX RSU") was converted into 0.5165 Devon restricted stock unit ("Devon RSU"), with each Devon RSU representing a contingent right to receive a share of Devon Common Stock. The same terms and conditions applicable to WPX RSUs before the conversion will continue to apply, except for any performance-based vesting conditions. The WPX RSUs granted to the reporting person on March 2, 2018 were converted into 290,531 Devon RSUs, which will vest on March 2, 2021.
The WPX RSUs granted to the reporting person on March 1, 2019 were converted into 320,775 Devon RSUs, which will vest on March 2, 2022.
The WPX RSUs granted to the reporting person on March 2, 2020 were converted into 290,946 Devon RSUs, which will vest on March 2, 2023.
The WPX RSUs granted to the reporting person on March 9, 2020 were converted into 131,255 Devon RSUs, which will vest on March 9, 2023.
On the Closing Date, each stock option issued under a WPX benefit plan ("Stock Option") was converted into an option to purchase a number of shares of Devon Common Stock in accordance with the Merger Agreement, and the Stock Options granted to the reporting person on May 15, 2014 were converted into an option to purchase 62,582 shares of Devon Common Stock at an exercise price of $41.53. The Stock Options vested in one-third increments on March 3 of 2015, 2016 and 2017.
/s/ Edward T. Highberger, Attorney-in-Fact for Richard E. Muncrief
2021-01-11