SEC Form 4 · accession 0000905148-17-000541
Bonanza Creek Energy, Inc. · BCEI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Apr 28, 2017
Accepted (ET)
May 11, 2017 · 4:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001509589
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per shareF1,F2 | Apr 28, 2017 | J | 7,587,859 | — | D | 0 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the Issuer's Third Amended Joint Prepackaged Plan of Reorganization Under Chapter 11 of the Bankruptcy Code, effective April 28, 2017, all outstanding shares of the Issuer's common stock, par value $0.001 per share, ("Old Common Stock") were cancelled and holders of the Issuer's Old Common Stock received 1 share of the Issuer's new common stock, par value $0.01 per share, for each approximately 111.5879 shares of Old Common Stock. The Reporting Persons do not beneficially own more than 10% of the new common stock and thus are no longer subject to Section 16 of the Securities Exchange Act of 1934 with respect to the Issuer.
- F2These shares of Old Common Stock were held by Her Majesty the Queen in Right of the Province of Alberta ("Her Majesty"), in her own capacity and as trustee/nominee for certain Alberta pension clients, for which Alberta Investment Management Corporation, a Canadian corporation ("AIMCo"), serves as investment manager. West Face may exercise voting power over shares held by Her Majesty pursuant to an investment management agreement between West Face and AIMCo, on behalf of its clients. This investment management agreement may be terminated upon 90 days prior written notice or immediately in certain circumstances, at which time West Face would no longer be deemed to exercise voting control over the shares. Mr. Boland is the President and Chief Executive Officer of West Face. Each of Mr. Boland and West Face disclaims beneficial ownership of any shares held by Her Majesty, except to the extent of any pecuniary interest therein.
Remarks
Exhibit List: Exhibit 24.1 - Power of Attorney