SEC Form 3 · accession 0000899037-18-000001
Liberty Energy Inc. · LBRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Period of report
Jan 17, 2018
Accepted (ET)
Jan 26, 2018 · 5:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001694028
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2,F3 | holding | — | — | — | 4,669,498 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This Form 3 is being jointly filed by Bay Resource Partners, L.P. ("Bay"), a Delaware limited partnership, Bay II Resource Partners, L.P. ("Bay II"), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. ("Bay Offshore"), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC ("GMT Exploration"), a Delaware limited liability company, and Thomas E. Claugus ("Claugus"), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons. Bay, Bay II, Bay Offshore, and Claugus, each have the same address as the designated filer in Item 1 of this Form 3. GMT Exploration's address is 1560 Broadway, Suite 2000, Denver, Colorado 80202.
- F2GMT Capital Corporation ("GMT Capital"), a Georgia corporation, is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including the voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct the voting and disposition of shares held by Bay Offshore. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and the voting and disposition of shares held by Bay Offshore. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a controlling interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Calugus disclaims such beneficial ownership except to the extent ultimately realized.
- F34,669,498 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: Bay = 1,352,150 shares directly owned by it; Bay II = 1,136,742 shares directly owned by it; Bay Offshore = 1,751,495 shares beneficially owned by it; GMT Exploration = 267,974 shares directly owned by it; Claugus = 161,137 shares directly owned by him.