SEC Form 3 · accession 0000905148-16-001904
BATTALION OIL CORP · BATL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Sep 9, 2016
Accepted (ET)
Sep 19, 2016 · 4:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001282648
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F3 | holding | — | — | — | 7,223,877 | I | See footnotes | |
| Common StockF2,F3 | holding | — | — | — | 1,354,282 | I | See footnotes |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (right to buy)F1,F3,F4 | $14.04 | holding | — | — | — | Sep 9, 2016 | Sep 9, 2020 | Common Stock | 350,650 | — | I |
| Warrants (right to buy)F2,F3,F4 | $14.04 | holding | — | — | — | Sep 9, 2016 | Sep 9, 2020 | Common Stock | 349,513 | — | I |
Explanation of responses
- F1These shares of the Issuer's Common Stock, $0.0001 par value per share (the "Shares") or warrants exercisable to buy Shares (the "Warrants"), as applicable, are held for the account of Tyrus Capital Event Master Fund Limited. Tyrus Capital S.A.M serves as investment manager to Tyrus Capital Event Master Fund Limited. Mr. Chedraoui is the Chief Investment Officer and control person of Tyrus Capital S.A.M.
- F2These Shares or Warrants, as applicable, are held for the account of TC Five Limited. Tyrus Capital S.A.M. serves as investment manager to TC Five Limited.
- F3Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, or for any other purpose.
- F4The Warrants became exercisable on the date of grant and are exercisable at any time until they expire.
Remarks
As a result of an increase in the number of Shares outstanding since the date of the event requiring this statement on Form 3, the Reporting Persons no longer beneficially own more than 10% of the Shares and are no longer subject to Section 16.