0001209191-20-059847.txt : 20201120
0001209191-20-059847.hdr.sgml : 20201120
20201120205801
ACCESSION NUMBER: 0001209191-20-059847
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201118
FILED AS OF DATE: 20201120
DATE AS OF CHANGE: 20201120
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Lorentzatos Nickolas J
CENTRAL INDEX KEY: 0001502361
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34776
FILM NUMBER: 201334103
MAIL ADDRESS:
STREET 1: 1001 FANNIN STREET
STREET 2: SUITE 1500
CITY: HOUSTON
STATE: TX
ZIP: 77002
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Oasis Petroleum Inc.
CENTRAL INDEX KEY: 0001486159
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1001 FANNIN STREET
STREET 2: SUITE 1500
CITY: HOUSTON
STATE: TX
ZIP: 77002
BUSINESS PHONE: 281-404-9500
MAIL ADDRESS:
STREET 1: 1001 FANNIN STREET
STREET 2: SUITE 1500
CITY: HOUSTON
STATE: TX
ZIP: 77002
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-11-18
0
0001486159
Oasis Petroleum Inc.
OAS
0001502361
Lorentzatos Nickolas J
1001 FANNIN ST, STE 1500
HOUSTON
TX
77002
0
1
0
0
Executive VP, GC & Corp. Sec.
Common Stock
2020-11-18
4
A
0
2500
0.00
A
68052
D
Common Stock
2020-11-18
4
F
0
984
0.12
D
67068
D
Common Stock
2020-11-18
4
A
0
9174
0.00
A
76242
D
Common Stock
2020-11-18
4
F
0
3610
0.12
D
72632
D
Common Stock
2020-11-19
4
D
0
72632
0.00
D
0
D
Warrants (Rights to Buy)
94.57
2020-11-19
4
A
0
368
0.00
A
2020-11-19
2024-11-19
Common Stock
368
368
D
Represents shares issuable to the reporting person in settlement of a grant of performance share units made on January 12, 2017. On November 18, 2020, these shares were determined to have been earned, and they vested on such date in connection with a change of control that occurred in connection with Oasis Petroleum Inc.'s voluntary cases under Chapter 11 of the U.S. Bankruptcy Code.
Represents shares issuable to the reporting person in settlement of a grant of performance share units made on January 24, 2018. On November 18, 2020, these shares were determined to have been earned, and they vested on such date in connection with a change of control that occurred in connection with Oasis Petroleum Inc.'s voluntary cases under Chapter 11 of the U.S. Bankruptcy Code.
On September 30, 2020, Oasis Petroleum Inc. ("Oasis") and certain of its affiliates (together with Oasis, the "Company") commenced voluntary cases under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the U.S. Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). On November 10, 2020 the Bankruptcy Court entered an order confirming the Joint Prepackaged Chapter 11 Plan of Reorganization of Oasis and its Debtor Affiliates (as amended, modified or supplemented from time to time, the "Plan"). On November 19, 2020 (the "Effective Date"), the Plan became effective in accordance with its terms and the Company emerged from Chapter 11.
On the Effective Date, all outstanding shares of Oasis common stock were cancelled and extinguished in accordance with the Plan approved by the Bankruptcy Court.
On the Effective Date, pursuant to and under the Plan, the Reporting Person received warrants (the "Warrants") to purchase shares of outstanding common stock, par value $0.01 per share, of Oasis (the "New Common Stock"), in exchange for all of the Reporting Person's outstanding shares of Oasis Common Stock, which were cancelled and extinguished in accordance with the Plan. Each Warrant is 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 Warrants was involuntary, without additional consideration and in accordance with the Plan approved by the Bankruptcy Court.
/s/ Nickolas J. Lorentzatos
2020-11-20