SEC Form 4 · accession 0001359824-16-000016
Gastar Exploration Inc. · GST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
May 12, 2016
Accepted (ET)
May 17, 2016 · 8:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001431372
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3,F4 | May 12, 2016 | S | 1,500,000 | $0.9052 | D | 8,500,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The transaction described in this Form 4 did not result in any short swing profits under Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). This Form 4 is filed late due to an inadvertent, administrative error.
- F2Represents shares of common stock, par value $0.001 (the "Common Stock"), of Gastar Exploration Inc. (the "Issuer") directly beneficially owned by Global Undervalued Securities Master Fund, L.P. (the "Master Fund").
- F3As general partner of the Master Fund, Kleinheinz Capital Partners, Inc. ("Kleinheinz Inc.") may be deemed to beneficially own the shares of Common Stock directly beneficially owned by the Master Fund. As sole owner of the Master Fund and Kleinheinz Inc., John B. Kleinheinz ("Mr. Kleinheinz") may be deemed to beneficially own the shares of Common Stock directly beneficially owned by the Master Fund. In addition, each reporting person may be deemed to beneficially own more than 10% of the Common Stock under Rule 16a-1(a)(1) under the Exchange Act as a result of being deemed a member of a group under Sections 13(d)(3) and 13(d)(5) of the Exchange Act. (Continued in Footnote 4.)
- F4Kleinheinz Inc. and Mr. Kleinheinz disclaim beneficial ownership of all of the Common Stock described herein, except to the extent of any pecuniary interest therein.