SEC Form 4 · accession 0001104659-17-040723
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
Jun 19, 2017
Accepted (ET)
Jun 21, 2017 · 7:43 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 StockF2,F1 | Jun 19, 2017 | J | 1,815,988 | — | A | 1,859,940 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (right to buy)F1,F3 | $11.50 | Jun 19, 2017 | J | 1,173,498 | A | — | — | Class A Common Stock | 1,173,498 | 1,173,498 | D |
Explanation of responses
- F1On June 19, 2017, Silver Rock Sponsor, LLC distributed 1,815,988 shares of the Class A Common Stock of the Issuer and warrants to purchase 1,173,498 shares of Class A Common Stock to the reporting person for no consideration.
- F2The reporting person's acquisition of shares of Class A Common Stock reported herein was matchable under Section 16(b) of the Exchange Act of 1934, to the extent of 2,079 shares, with the reporting person's disposition of 2,079 shares of Class A Common Stock on March 13, 2017 at a price of $18.44 per share. The reporting person has agreed to pay the Issuer $38,336.76, representing the full amount of the profit realized in connection with these transactions.
- F3The 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.