SEC Form 4 · accession 0001349436-16-000247
SANDRIDGE ENERGY INC · SD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Darrell Turk
Officer — EVP and Chief Operating Office
Period of report
Oct 19, 2016
Accepted (ET)
Oct 20, 2016 · 6:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001349436
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F3 | Oct 19, 2016 | A | 109,012 | $0.00 | A | 109,012 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On May 16, 2016, Sandridge Energy, Inc. and substantially all of its direct and indirect subsidiaries (collectively, the "Debtors") filed voluntary petitions for relief under chapter 11 of title 11 of United States Code in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). On September 9, 2016 the Bankruptcy Court entered an order confirming the Amended Order Confirming The Amended Joint Chapter 11 Plan Of Reorganization Of SandRidge Energy, Inc. and Its Debtor Affiliates (the "Plan").
- F2(Continued from Footnote 1) On October 4, 2016 (the "Effective Date"), the Plan became effective pursuant to its terms and the Debtors emerged from the chapter 11 cases. On the Effective Date, all outstanding shares of SandRidge Energy, Inc. old common stock were cancelled and extinguished. The Class A Common Stock is an issue of capital stock created as of the Effective Date and represents an ownership interest in SandRidge Energy, Inc. subsequent to the Effective Date.
- F3Consists of 109,012 shares of restricted common stock, the restriction of which lapse in one-third (1/3) installments on each of the first, second and third anniversaries of the grant date.