||these securities are owned directly by partnerships, of which the reporting person was the manager of each respective general partner prior to gifting all of the general partner interests in each such general partner.
||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 (3) below.
||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.