| Accession Number: | 0001358071-21-000067 |
| Date: | 2021-01-15 |
| Issuer: | CONCHO RESOURCES INC (CXO) |
| Original Submission Date: |
GIRAUD C WILLIAM
ONE CONCHO CENTER
600 W. ILLINOIS AVENUE
MIDLAND, TX 79701
| Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
|---|---|---|---|---|---|---|---|---|---|
| COMMON STOCK | 2021-01-15 | A | 31,763 | a | $0.00 | 232,992 | direct | ||
| COMMON STOCK | 2021-01-15 | D | 232,992 | d | $0.00 | 0 | direct |
| 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 Exercisable | Expiration 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 |
|---|
| ID | footnote |
|---|---|
| f1 | on january 15, 2021, pursuant to the agreement and plan of merger dated as of october 18, 2020 (the "merger agreement"), by and among concho resources inc. ("concho"), falcon merger sub corp. ("merger sub") and conocophillips ("conocophillips"), merger sub merged with and into concho (the "merger"), with concho surviving the merger as a wholly-owned subsidiary of conocophillips. immediately prior to the effective time of the merger (the "effective time") the performance metrics applicable to outstanding awards of concho performance-based restricted stock granted to the reporting person on january 4, 2021 were deemed to have been achieved at the target level, with such award treated as an award of concho restricted stock for purposes of footnote (2) below. |
| f2 | pursuant to the merger agreement, each share of concho common stock issued and outstanding immediately prior to the effective time was converted into the right to receive 1.46 shares of conocophillips common stock, with any outstanding award of concho restricted stock held by the reporting person converting on the same terms and conditions (including vesting and forfeiture provisions) as those that applied prior to the effective time. on january 14, 2021 (the day prior to the merger), the closing price of one share of conocophillips common stock was $47.87. |
