SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Canaday Shawn Michael

(Last) (First) (Middle)
C/O BERRY PETROLEUM COMPANY
5201 TRUXTUN AVE., SUITE 300

(Street)
BAKERSFIELD CA 93309

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BERRY PETROLEUM CO [ BRY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Controller
3. Date of Earliest Transaction (Month/Day/Year)
12/12/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 678 D
Class A Common Stock 12/12/2008 J 134(22) A $0 850 I Held in the Company's 401(k) Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Nonstatutory Stock Option 12-05-03 $9.97 12/05/2004 12/05/2013 Class A Common Stock 5,000 5,000 D
Nonstatutory Stock Option 12-15-05 $30.645 12/15/2006 12/15/2015 Class A Common Stock 10,000 10,000 D
Nonstatutory Stock Option 11-23-04 $21.58 11/23/2005 11/23/2014 Class A Common Stock 10,000 10,000 D
2005 Restricted Stock Units(1) $0(2) 12/15/2006(3) 12/14/2015(4) Class A Common Stock 500 500 D
Restricted Stock Unit 4-20-06(5) $0(6) 04/20/2009(7) 04/19/2016(8) Class A Common Stock 2,400 2,400 D
Nonstatutory Stock Option 12-15-06 $32.565 12/15/2007 12/14/2016 Class A Common Stock 12,500 12,500 D
2006 Restricted Stock Units(9) $0(10) 12/15/2007(11) 12/14/2016(12) Class A Common Stock 750 750 D
2007 Restricted Stock Unit(13) $0(14) 12/14/2008(15) 12/13/2017(16) Class A Common Stock 2,351 2,351 D
NSO 2007 $43.61 12/14/2008 12/13/2017 Class A Common Stock 7,053 7,053 D
2008 Restricted Stock Units(17) $0(18) 12/12/2008 A 14,333(19) 12/12/2009(20) 12/11/2018(21) Class A Common Stock 14,333 $0 14,333 D
Explanation of Responses:
1. 1 for 1
2. Each RSU represents a contingent right to receive one share of Berry Petroleum Company Class A Common Stock
3. The restricted stock units vests in four equal annual installments beginning December 15, 2006. Shares of Class A Common Stock will be delivered to the reporting person at the time of vesting.
4. The restricted stock units vests in four equal annual installments beginning December 15, 2006. Shares of Class A Common Stock will be delivered to the reporting person at the time of vesting.
5. 1 for 1
6. Each RSU represents a contingent right to receive one share of Berry Petroleum Company Class A Common Stock
7. Restricted Stock Units vest 100% three years from date of grant on 4/20/2009.
8. Restricted Stock Units vest 100% three years from date of grant. Shares of Class A Common Stock will be delivered to the reporting person at the time of vesting.
9. Each RSU represents a contingent right to receive one share of Berry Petroleum Company Class A Common Stock
10. Each RSU represents a contingent right to receive one share of Berry Petroleum Company Class A Common Stock
11. The restricted stock units vests in four equal annual installments beginning December 15, 2007. Shares of Class A Common Stock will be delivered to the reporting person at the time of vesting.
12. The restricted stock units vests in four equal annual installments beginning December 15, 2007. Shares of Class A Common Stock will be delivered to the reporting person at the time of vesting.
13. 1 for 1
14. Each RSU represents a contingent right to receive one share of Berry Petroleum Company Class A Common Stock
15. The RSU granted vest 25% per year beginning one year after grant but the receipt of shares are subject to a deferral period which is generally at least four years from grant date as per the deferral election.
16. The RSU is subject to a deferral election. Shares of Class A Common Stock will be delivered to the reporting person as per the terms of the deferral election.
17. 1 for 1
18. Each RSU represents a contingent right to receive one share of Berry Petroleum Company Class A Common Stock
19. Grant of Nonstatutory Stock Option (NSO) under the Company's 2005 Equity Incentive Plan in a transaction exempt under Rule 16b-3(c). Shares vest 25% per year from date of grant.
20. The RSU granted vest 25% per year beginning one year after grant but the receipt of shares are subject to a deferral period which is generally at least four years from grant date as per the deferral election.
21. The RSU is subject to a deferral election. Shares of Class A Common Stock will be delivered to the reporting person as per the terms of the deferral election.
22. Shares of Common Stock acquired by the reporting person in the Company's 401(k) Plan. All transactions were at market and were non-discretionary.
Kenneth A Olson under POA for Shawn Canaday 12/15/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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