SEC Form 4 · accession 0001209191-15-014952
Emerald Oil, Inc. · EOXLQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Thomas J Edelman
Director · 10% Owner
Ben A Guill
10% Owner
White Deer Energy L.P.
10% Owner
White Deer Energy TE L.P.
10% Owner
White Deer Energy FI, L.P.
10% Owner
Edelman & Guill Energy Ltd.
10% Owner
Edelman & Guill Energy L.P.
10% Owner
WDE Emerald Holdings LLC
10% Owner
Period of report
Feb 11, 2015
Accepted (ET)
Feb 17, 2015 · 8:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001283843
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 11, 2015 | P | 12,945,339 | $1.12 | A | 21,188,814 | I | WDE Emerald Holdings LLC |
| Common StockF1,F2 | Feb 11, 2015 | P | 447,518 | $1.12 | A | 732,495 | I | White Deer Energy FI L.P. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to a Securities Purchase Agreement dated May 13, 2013 between the WDE Emerald Holdings LLC ("WDE Holdings"), White Deer Energy FI L.P. ("White Deer FI", and together with WDE Holdings, the "Investors") and the Issuer, the Investors acquired 2,785,600 shares of the Issuer's common stock. The Investors are members of a "group" for purposes of Section 13(d) of the Exchange Act. Such group includes Edelman & Guill Energy L.P., Edelman & Guill Energy Ltd., White Deer Energy L.P. ("White Deer"), White Deer Energy TE L.P. ("White Deer TE", and together with White Deer and White Deer FI, the "Funds"), Thomas J. Edelman and Ben A. Guill.
- F2Mr. Edelman has been appointed as a director of the Issuer. White Deer and White Deer TE are the members of WDE Emerald Holdings, Edelman & Guill Energy L.P. is the general partner of the Funds, Edelman & Guill Energy Ltd. is the general partner of Edelman & Guill Energy L.P., and Messrs. Edelman and Guill are the directors of Edelman & Guill Energy Ltd. Accordingly, each of Edelman & Guill Energy Ltd, Edelman & Guill Energy L.P., and Messrs. Edelman and Guill may be deemed to control the investment decisions of the Funds and, therefore, the Investors. The reporting persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interests therein, and this report shall not be deemed an admission that the reporting persons are beneficial owners of the reported securities for purposes of Section 16 or for any other purpose.