SEC Form 4 · accession 0001104659-16-110900
Permian Resources Corp · PR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
David M Leuschen
10% Owner
Pierre F Lapeyre Jr.
10% Owner
RIVERSTONE HOLDINGS LLC
10% Owner
Silver Run Sponsor, LLC
10% Owner
Silver Run Sponsor Manager, LLC
10% Owner
Period of report
Apr 8, 2016
Accepted (ET)
Apr 12, 2016 · 7:31 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001658566
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF2,F3,F1 | — | Apr 8, 2016 | J | 437,500 | D | — | — | Class A Common Stock | 437,500 | 12,380,000 | I |
Explanation of responses
- F1The Class B Common Stock is convertible into shares of the Issuer's Class A Common Stock on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and has no expiration date.
- F2On April 8, 2016, upon expiration of the underwriters' 45-day option to purchase additional units to cover over-allotments, Silver Run Sponsor, LLC forfeited 437,500 shares of Class B Common Stock to the Issuer for no consideration for the express purpose of maintaining the Class B Common Stock holders' collective ownership of 20% of the Issuer's outstanding shares.
- F3Silver Run Sponsor, LLC is the record holder of the securities reported herein. Silver Run Sponsor Manager, LLC is the managing member of Silver Run Sponsor, LLC. Riverstone Holdings LLC is the managing member of Silver Run Sponsor Manager, LLC. David Leuschen and Pierre F. Lapeyre, Jr. are the managing directors of Riverstone Holdings LLC and have or share voting and investment discretion with respect to the securities held of record by Silver Run Sponsor, LLC. As such, each of Silver Run Sponsor Manager, LLC, Riverstone Holdings LLC, Mr. Leuschen and Mr. Lapeyre may be deemed to have or share beneficial ownership of the common stock held directly by Silver Run Sponsor, LLC. Each such entity or person disclaims any such beneficial ownership of such securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.