Cary D. Baetz - Mar 1, 2022 Form 4 Insider Report for Berry Corp (bry) (BRY)

Role
EVP & Chief Financial Officer, Director
Signature
Cary D. Baetz, by Jordan D. Scott, as attorney-in-fact
Stock symbol
BRY
Transactions as of
Mar 1, 2022
Transactions value $
-$269,277
Form type
4
Date filed
3/3/2022, 04:10 PM
Previous filing
Feb 23, 2022
Next filing
Feb 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRY Common Stock Options Exercise +20.9K +7.11% 315K Mar 1, 2022 Direct F1
transaction BRY Common Stock Tax liability -$88.2K -8.81K -2.8% $10.02 306K Mar 1, 2022 Direct
transaction BRY Common Stock Options Exercise +41.9K +13.67% 348K Mar 1, 2022 Direct F2
transaction BRY Common Stock Tax liability -$181K -18.1K -5.19% $10.02 330K Mar 1, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BRY Restricted Stock Units 2019 Options Exercise $0 -20.9K -100% $0.00* 0 Mar 1, 2022 Common Stock 20.9K Direct F1
transaction BRY Restricted Stock Units 2020 Options Exercise $0 -41.9K -50% $0.00 41.9K Mar 1, 2022 Common Stock 41.9K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents a contingent right to receive one share of common stock, par value $0.001 per share, of Berry Corporation (bry). One-third of the Restricted Stock Units vest on each of the first three anniversaries of March 1, 2019, subject to the continued employment of the Reporting Person.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of common stock, par value $0.001 per share, of Berry Corporation (bry). One-third of the Restricted Stock Units vest on each of the first three anniversaries of March 1, 2020, subject to the continued employment of the Reporting Person.