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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
1616106	A Lance Peterson	114 Avenue Of The Americas 34Th Floor New York NY 10036		Yes	No	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	2014-08-11	6,666,667	$0.00	6,666,667	No	4	P	Indirect	By Citrus Energy Corporation

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Citrus Energy Corporation

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options (Right to Buy)	Acquisiton	2014-08-11	26,860	$0.00	26,860	$6.21

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
26,860	2015-08-11	2019-08-11	No	4	A	Direct

Footnotes

The reported shares are owned directly by Citrus Energy Corporation, a Colorado corporation. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
As consideration for the sale of certain assets in the Marcellus Shale in Wyoming County, Pennsylvania having an estimated market value of $352.5 million, the reporting person acquired $40 million of common stock of Warren Resources, Inc. priced at $6.00 per share.
The new stock options granted to the reporting person upon becoming a Director of Warren Resources, Inc. on August 11, 2014 vest: 1/3rd on August 11, 2015, 1/3rd on August 11, 2016 and 1/3rd on August 11, 2017.