SEC Form 4 · accession 0000898382-16-000054
Atlas Energy Group, LLC · ATLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leon G Cooperman
10% Owner
Period of report
Mar 9, 2016
Accepted (ET)
Mar 15, 2016 · 5:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001623595
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1,F2 | Mar 9, 2016 | S | 76,100 | $0.53 | D | 396,673 | I | Omega Capital Partners |
| Common UnitsF3,F2 | Mar 10, 2016 | S | 44,600 | $0.51 | D | 352,073 | I | Omega Capital Partners |
| Common UnitsF3,F2 | Mar 11, 2016 | S | 79,100 | $0.52 | D | 272,973 | I | Omega Capital Partners |
| Common UnitsF4,F2 | Mar 14, 2016 | S | 50,000 | $0.51 | D | 222,973 | I | Omega Capital Partners |
| Common UnitsF5,F2 | Mar 15, 2016 | S | 222,973 | $0.45 | D | 0 | I | Omega Capital Partners |
| Common UnitsF1,F6 | Mar 9, 2016 | S | 41,600 | $0.53 | D | 216,845 | I | Omega Equity Investors |
| Common UnitsF3,F6 | Mar 10, 2016 | S | 24,400 | $0.51 | D | 192,445 | I | Omega Equity Investors |
| Common UnitsF3,F6 | Mar 11, 2016 | S | 43,200 | $0.52 | D | 149,245 | I | Omega Equity Investors |
| Common UnitsF4,F6 | Mar 14, 2016 | S | 27,222 | $0.51 | D | 122,023 | I | Omega Equity Investors |
| Common UnitsF5,F6 | Mar 15, 2016 | S | 122,023 | $0.45 | D | 0 | I | Omega Equity Investors |
| Common UnitsF1,F6 | Mar 9, 2016 | S | 35,800 | $0.53 | D | 186,621 | I | Omega Capital Investors |
| Common UnitsF7 | Mar 10, 2016 | S | 20,900 | $0.51 | D | 165,721 | I | Omega Capital Investors |
| Common UnitsF3,F7 | Mar 11, 2016 | S | 37,241 | $0.52 | D | 128,480 | I | Omega Capital Investors |
| Common UnitsF4,F7 | Mar 14, 2016 | S | 23,600 | $0.51 | D | 104,880 | I | Omega Capital Investors |
| Common UnitsF5,F7 | Mar 15, 2016 | S | 104,880 | $0.45 | A | 0 | I | Omega Capital Investors |
| Common Units | holding | — | — | — | 759,662 | D | ||
| Common UnitsF8,F10 | holding | — | — | — | 100,000 | I | Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Preferred UnitsF9 | — | holding | — | — | — | — | — | Common Units | 2,500,000 | 800,000 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $.50-$.58, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above.
- F10The securities are held in the account of Toby Cooperman over which the reporting person has investment discretion. The reporting person disclaims beneficial ownership, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F2The securities are held in the account of Omega Capital Partners, LP, a private investment entity over which the reporting person has investment discretion. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $.50-$.54, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $.50-$.53, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above.
- F5The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $.44-$.52, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth above.
- F6The securities are held in the account of Omega Equity Investors, LP, a private investment entity over which the reporting person has investment discretion. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F7The securities are held in the account of Omega Capital Investors, LP, a private investment entity over which the reporting person has investment discretion. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F8The securities are held in the account of Toby Cooperman over which the reporting person has investment discretion. The reporting person disclaims beneficial ownership, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F9Series A Preferred Units are convertible into the Issuer's common units, at the holder's option, any time. The Series A Preferred Units are convertible into a number of common units equal to the $25 liquidation preference divided by the conversion price, which is equal to the greater of (x) $8.00 per common unit and (y) the lesser of (i) 110% of the volume weighted average price for the Issuer's common units on the NYSE over the 30 trading days following the Distribution Date and (ii) $16.00 per common unit. The Series A Preferred Units have no expiration date.