SEC Form 4 · accession 0000899243-16-026059

Seventy Seven Energy Inc. · SVNT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President and CEO · Director

Period of report

Jul 28, 2016

Accepted (ET)

Aug 1, 2016 · 7:36 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 Stock^F1	Jul 28, 2016	F	373,814	$0.105	D	761,985	D
Common Stock^F2	Aug 1, 2016	J	761,985	$0.00	D	0	D
Common Stock^F2	Aug 1, 2016	J	3,725	$0.00	D	0	I	401(k) Plan

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Class B Warrants to purchase Common Stock^F3	$69.08	Aug 1, 2016	A	38,130	A	Aug 1, 2016	Aug 1, 2021	Common Stock	38,130	38,130	D
Class B Warrants to purchase Common Stock^F3	$69.08	Aug 1, 2016	A	186	A	Aug 1, 2016	Aug 1, 2021	Common Stock	186	186	I
Class C Warrants to purchase Common Stock^F3	$86.93	Aug 1, 2016	A	42,366	A	Aug 1, 2016	Aug 1, 2023	Common Stock	42,366	42,366	D
Class C Warrants to purchase Common Stock^F3	$86.93	Aug 1, 2016	A	207	A	Aug 1, 2016	Aug 1, 2023	Common Stock	207	207	I

F1Reflects shares that were withheld for payment of required withholding taxes upon the vesting of a portion of a previously reported restricted stock award. Pursuant to the Confirmation Order (the "Confirmation Order") issued by the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") on July 14, 2016, all restricted stock and restricted stock units were deemed vested upon the effective date of the Issuer's emergence from Chapter 11, which occurred on August 1, 2016.
F2Pursuant to the Confirmation Order and Plan of Reorganization approved by the Bankruptcy Court, the Issuer's common stock (SSEIQ) was automatically cancelled on August 1, 2016 without any action on the part of the Reporting Person.
F3Received 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.