SEC Form 4 · accession 0000899243-18-016475
Chord Energy Corp · CHRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Forge Energy, LLC
Other
Period of report
Jun 11, 2018
Accepted (ET)
Jun 13, 2018 · 9:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001486159
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Jun 11, 2018 | J | 40,460,407 | $0.00 | D | 5,539,593 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the company agreement of the Reporting Person, on June 11, 2018, the Reporting Person made a distribution of the securities of the Issuer to its sole member, Forge Energy Holdings, LLC ("Forge Energy Holdings"). Pursuant to the company agreement of Forge Energy Holdings, on the same date, Forge Energy Holdings made a pro rata distribution of the securities of the issuer to all of its members.
- F2All such shares remain held in escrow by Citibank, National Association ("Citibank") for the benefit of the Reporting Person pursuant to that certain Indemnity Escrow Agreement, dated February 12, 2018, by and among the Reporting Person, Oasis Petroleum Permian LLC and Citibank.
- F3The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the reported securities for purposes of Section 16 or for any other purpose.
Remarks
As a result of its distribution of the Issuer's securities on June 11, 2018, the Reporting Person is no longer considered a 10% beneficial owner of any class of the securities of the Issuer. Therefore the Reporting Person is no longer subject to Section 16 of the Exchange Act of 1934 and will no longer report transactions in any such securities on Form 4 or Form 5.