UNITED
STATES
|
SECURITIES
AND EXCHANGE COMMISSION
|
Washington,
D.C. 20549
|
SCHEDULE
13D
|
Under
the Securities Exchange Act of 1934
|
(Amendment
No. 3)*
|
NORTHERN
OIL AND GAS, INC.
|
(Name
of Issuer)
|
Common
Stock
|
(Title
of Class of Securities)
|
665531
109
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(CUSIP
Number)
|
James
R. Sankovitz
|
General
Counsel
|
Northern
Oil and Gas, Inc.
|
315
Manitoba Avenue – Suite 200
|
(952)
476-9800
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(Name,
Address and Telephone Number of Person
|
Authorized
to Receive Notices and Communications)
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December
10, 2009
|
(Date
of Event which Requires Filing of this
Statement)
|
CUSIP
No. 665531 109
|
|||
1.
|
Names
of reporting persons. I.R.S. Identification Nos. of above persons
(entities only).
|
||
Ryan
R. Gilbertson
|
|||
2.
|
Check
the Appropriate Box if a Member of a Group (See
Instructions)
|
||
(a)
|
o
|
||
(b)
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o
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||
3.
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SEC
Use Only
|
||
4.
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Source
of Funds (See Instructions)
|
||
00
|
|||
5.
|
Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or
2(e)
|
||
o
|
|||
6.
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Citizenship
or Place of Organization
|
||
USA
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7.
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Sole
Voting Power
|
|
Number
of
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918,313
|
|
Shares
|
||
Beneficially
|
8.
|
Shared
Voting Power
|
Owned
by
|
-0-
|
|
Each
|
||
Reporting
|
9.
|
Sole
Dispositive Power
|
Person
With:
|
918,313
|
|
10.
|
Shared
Dispositive Power
|
|
-0-
|
11.
|
Aggregate
Amount Beneficially Owned by Each reporting person
|
|
918,313
|
||
12.
|
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) o
|
|
13.
|
Percent
of Class Represented by Amount in Row (11)
|
|
2.10%(1)
|
||
14.
|
Type
of reporting person (See Instructions)
|
|
IN
|
Item 1.
|
Security and
Issuer
|
Item 5.
|
Interest in Securities of the
Issuer
|
Reporting
Person
|
Shares
Beneficially Owned (1)
|
Percentage
(2)
|
||
Ryan
R. Gilbertson
|
918,313
|
2.10%
|
|
(1)
|
Consists
of 638,313 shares of common stock held by the reporting person directly
and 280,000 shares owned by Crystal Bay Capital Consulting, LLC, an entity
controlled by the reporting person.
|
|
(2)
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Percentage
of beneficial ownership is calculated under applicable SEC regulations
based upon 43,663,105 shares of common stock outstanding as of December
18, 2009.
|
Reporting
Person
|
Sole
Power to Vote
|
Shared
Power to Vote
|
Sole
Power of Disposition
|
Shared
Power of Disposition
|
||||
Ryan
R. Gilbertson
|
918,313
|
-0-
|
918,313
|
-0-
|
Date of Transaction
|
Shares Sold
|
Price Per Share
|
Aggregate Consideration
|
||||||||||
12/8/2009
|
7,200 | $ | 9.54 | $ | 68,688 | ||||||||
12/9/2009
|
32,399 | $ | 9.43 | $ | 305,523 | ||||||||
12/10/2009
|
110,401 | $ | 9.51 | $ | 1,049,914 | ||||||||
12/15/2009
|
50,000 | $ | 10.28 | $ | 514,000 | ||||||||
12/18/2009
|
50,000 | $ | 11.43 | $ | 571,500 |
Date of Gift
|
Shares Gifted
|
||||
2/23/2009
|
15,000 | ||||
2/26/2009
|
15,000 | ||||
3/11/2009
|
12,000 | ||||
3/16/2009
|
20,000 | ||||
3/30/2009
|
12,000 | ||||
4/12/2009
|
10,000 | ||||
4/13/2009
|
10,000 | ||||
4/14/2009
|
50,000 | ||||
5/21/2009
|
5,000 | ||||
6/10/2009
|
7,000 | ||||
6/11/2009
|
4,000 | ||||
6/12/2009
|
3,100 | ||||
8/31/2009
|
1,500 | ||||
10/9/2009
|
50,000 | ||||
10/13/2009
|
500 |
December
22, 2009
|
Date
|
/s/
Ryan R. Gilbertson
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Signature
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Ryan
R. Gilbertson, Chief Financial Officer
|
Name/Title
|