SEC Form 4 · accession 0001104659-17-003832
SILVERBOW RESOURCES, INC. · SBOW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Strategic Value Partners, LLC
Director · 10% Owner
Victor Khosla
Director · 10% Owner
SVP Special Situations III LLC
Director · 10% Owner
SVP Special Situations III-A LLC
Director · 10% Owner
Period of report
Jan 22, 2017
Accepted (ET)
Jan 24, 2017 · 5:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000351817
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3,F4,F5 | Jan 22, 2017 | P | 805,000 | $28.50 | A | 4,460,319 | I | See footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported securities are held directly by SVMF 71, LLC, and may be deemed to be held indirectly by Strategic Value Partners, LLC ("Strategic Value Partners"), SVP Special Situations III LLC ("Special Situations III"), SVP Special Situations III-A LLC ("Special Situations III-A"), each as investment manager, and Victor Khosla ("Mr. Khosla" and together with Strategic Value Partners, Special Situations III and Special Situations III-A, the "Reporting Persons"), as the sole member of Midwood Holdings, LLC, the managing member of Strategic Value Partners, in each case as described below.
- F2The filing of this Form 4 shall not be construed as an admission that the Reporting Persons or the Funds (as defined below) are members of a "group" for purposes of Section 16 or Section 13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or are or were for the purposes of Section 16(a) of the Exchange Act, or otherwise the beneficial owners of any of the shares of common stock, of Swift Energy Company (the "Issuer"). The Reporting Persons and the Funds disclaim such beneficial ownership, except to the extent of their pecuniary interest, and disclaim the existence of, or membership in, a group.
- F3Strategic Value Partners is the investment manager of, and exercises investment discretion over Strategic Value Master Fund, Ltd., a Cayman Islands exempted company ("Master Fund"). Master Fund has an ownership interest in SVMF 70, LLC, which has an ownership interest in SVMF 71, LLC. Strategic Value Partners is indirectly majority owned and controlled by Mr. Khosla.
- F4Special Situations III is the investment manager of, and exercises investment discretion over Strategic Value Special Situations Master Fund III, L.P., a Cayman Islands exempted limited partnership ("Special Situations Master Fund III"). Special Situations Master Fund III has an ownership interest in SVMF 70, LLC, which has an ownership interest in SVMF 71, LLC. Strategic Value Partners is the managing member of Special Situations III. Strategic Value Partners and Special Situations III are both indirectly majority owned and controlled by Mr. Khosla.
- F5Special Situations III-A is the investment manager of, and exercises investment discretion over Strategic Value Opportunities Fund, L.P., a Cayman Islands exempted limited partnership ("Strategic Value Opportunities Fund," and together with Master Fund, Special Situations Master Fund III, SVMF 70, LLC and SVMF 71, LLC, the "Funds"). Strategic Value Opportunities Fund has an ownership interest in SVMF 71, LLC. Strategic Value Partners is the managing member of Special Situations III-A. Strategic Value Partners and Special Situations III-A are both indirectly majority owned and controlled by Mr. Khosla.