SEC Form 4 · accession 0000905718-15-000610
Gulf Coast Ultra Deep Royalty Trust · GULTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mount Kellett Capital Management LP
10% Owner
Period of report
Jul 10, 2015
Accepted (ET)
Jul 14, 2015 · 5:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001565146
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Royalty Trust UnitsF1,F2 | Jul 10, 2015 | S | 250,000 | $0.60 | D | 35,369,004 | I | See Footnotes |
| Royalty Trust UnitsF1,F2 | Jul 14, 2015 | S | 100,000 | $0.60 | D | 35,269,004 | I | See Footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As of July 14, 2015 (the "Filing Date"), certain funds and managed accounts (the "Funds") affiliated with Mount Kellett Capital Management LP, a Delaware limited partnership (the "Reporting Person"), hold 35,269,004 royalty trust units (the "Royalty Trust Units") of Gulf Coast Ultra Deep Royalty Trust, a Delaware statutory trust. The Reporting Person, through one or more intermediate entities, possesses the sole power to vote and the sole power to direct the disposition of the Royalty Trust Units held by the Funds. Accordingly, the Reporting Person, as of the Filing Date, may be deemed to beneficially own 35,269,004 Royalty Trust Units, or 15.3% of the Royalty Trust Units, deemed issued and outstanding.
- F2The Reporting Person's interest in the Royalty Trust Units reported herein is limited to its pecuniary interest, if any, in such Royalty Trust Units.