SEC Form 4 · accession 0001104659-17-018597
Permian Resources Corp · PR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark G Papa
Officer — CEO · Director
Period of report
Mar 13, 2017
Accepted (ET)
Mar 22, 2017 · 4:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001658566
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Mar 13, 2017 | X | 3,333 | $11.50 | A | 46,031 | D | |
| Class A Common Stock | Mar 13, 2017 | J | 2,079 | $18.44 | D | 43,952 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Warrants (right to buy)F3,F2 | $11.50 | Mar 13, 2017 | X | 3,333 | D | — | — | Class A Common Stock | 3,333 | 0 | D |
Explanation of responses
- F1On March 13, 2017, the reporting person exercised warrants to purchase 3,333 shares of the Issuer's Class A Common Stock for $11.50 per share. The reporting person paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 2,079 shares of Class A Common stock to pay the exercise price and issuing to the reporting person the remaining 1,254 shares.
- F2The warrants are currently exercisable and will expire five years after the Initial Business Combination, which occurred on October 11, 2016, or earlier upon redemption or liquidation.
- F3The reporting person acquired the warrants as part of his previously reported acquisition of 10,000 units of Silver Run Acquisition Corporation (the "Units") in open-market transactions for an average price of $10.29 per Unit. Each Unit consisted of one share of the Issuer's Class A Common Stock and one-third of one warrant.