SEC Form 4 · accession 0000899243-16-026049
Seventy Seven Energy Inc. · SVNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronnie K Irani
Other
Period of report
Aug 1, 2016
Accepted (ET)
Aug 1, 2016 · 7:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001532930
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 1, 2016 | J | 21,972 | $0.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Warrants to purchase Common StockF2 | $69.08 | Aug 1, 2016 | A | 1,099 | A | Aug 1, 2016 | Aug 1, 2021 | Common Stock | 1,099 | 1,099 | D |
| Class C Warrants to purchase Common StockF2 | $86.93 | Aug 1, 2016 | A | 1,222 | A | Aug 1, 2016 | Aug 1, 2023 | Common Stock | 1,222 | 1,222 | D |
Explanation of responses
- F1Pursuant to the Confirmation Order (the "Confirmation Order") and Plan of Reorganization approved by the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") on July 14, 2016, the Issuer's common stock (SSEIQ) was automatically cancelled on August 1, 2016 without any action on the part of the Reporting Person.
- F2Received on August 1, 2016 after shares of the Issuer's common stock were cancelled (as described above), pursuant to the Confirmation Order and Plan of Reorganization approved by the Bankruptcy Court.