X0202 4 2008-05-16 0 0001104485 NORTHERN OIL & GAS, INC. NOG 0001394821 GILBERTSON RYAN RANDALL 315 MANITOBA AVE 200 WAYZATA MN 55391 1 1 0 0 CFO Common Stock 2008-05-16 4 S 0 18000 10.75 D 745413 D Common Stock 2008-05-19 4 S 0 32000 10.8 D 713413 D Common Stock 2008-05-20 4 S 0 30000 11.20 D 683413 D Common Stock 1450000 I by LLC /s/ Ryan R. Gilbertson 2008-05-20