SEC Form 4 · accession 0001209191-16-143041
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
Sep 26, 2016
Accepted (ET)
Sep 28, 2016 · 5:46 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,F3 | Sep 26, 2016 | S | 250,000 | $0.0709 | D | 27,872,743 | I | See Footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price of $0.0709 is the average price per Royalty Trust Unit of all Royalty Trust Units sold on September 26, 2016. The price per Royalty Trust Unit ranged from $0.07 to $0.073. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.
- F2The royalty trust units (the "Royalty Trust Units") of Gulf Coast Ultra Deep Royalty Trust, a Delaware statutory trust, are held by certain funds and managed accounts affiliated with Mount Kellett Capital Management LP, a Delaware limited partnership (the "Reporting Person").
- F3The Reporting Person's interest in the Royalty Trust Units reported herein is limited to its pecuniary interest, if any, in such Royalty Trust Units.