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