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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
892986	Warren Resources Inc	WRES	Crude Petroleum & Natural Gas (1311)	113024080

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1564285	Arthur Philip Epstein	1114 Avenue Of The Americas 34Th Floor New York NY 10036	Chief Executive Officer	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2013-03-14	5,000	$2.85	1,395,000	No	4	P	Indirect	By IRA Account
Common Stock	Acquisiton	2013-03-14	5,000	$2.86	1,400,000	No	4	P	Indirect	By IRA Account

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By IRA Account
No	4	P	Indirect	By IRA Account

Footnotes

Includes 1,390,000 Restricted Shares of Common Stock that vest, if at all, based on the average closing trading price ("ACTP") of Warren Resources, Inc.'s Common Stock over any period of thirty (30) consecutive trading days (a "Thirty Day Period") occurring during the period commencing on December 5, 2012 with respect to 695,000 Restricted Shares and on January 2, 2013 with respective to another 695,000 Restricted Shares (collectively, the "Effective Dates") and ending on the last business day occurring before the fifth anniversary of the Effective Dates (the "Performance Period") as follows: (i) 231,666 Restricted Shares on the first day that the ACTP for any Thirty Day Period equals or exceeds $4.00, and (ii) an additional 193,056 Restricted Shares on the first day that the ACTP for any Thirty Day Period equals or exceeds any higher whole dollar increment ranging from $5 to $10.
The additional 10,000 shares acquired on March 14, 2013 were purchased by the Reporting Person's IRA account.