SEC Form 4 · accession 0000919574-16-015471
PAR PACIFIC HOLDINGS, INC. · PARR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Sep 14, 2016
Accepted (ET)
Sep 20, 2016 · 9:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000821483
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Sep 14, 2016 | X | 776,756 | $12.25 | A | 7,994,346 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subscription Rights (right to buy)F1,F2,F3 | $12.25 | Sep 14, 2016 | X | 7,846,023 | D | Aug 26, 2016 | Sep 14, 2016 | Common Stock | 776,756 | 0 | I |
Explanation of responses
- F1On September 15, 2016, Par Pacific Holdings, Inc. ("Issuer") announced that its pro rata rights offering (the "Offering") which commenced on August 26, 2016 and ended on September 14, 2016, had been fully subscribed. Pursuant to the Offering each stockholder of Issuer received one transferable subscription right (the "Right") for each whole share of Issuer common stock (the "Common Stock") owned by that stockholder. Each subscription right entitled a rights holder to purchase 0.099 shares of the Common Stock at a subscription price of $12.25 per whole share.
- F2These securities are directly owned by Whitebox Asymmetric Partners, L.P. ("WAP"), Whitebox Multi-Strategy Partners, L.P. ("WMSP"), Whitebox Credit Partners, L.P. (f/k/a Whitebox Credit Arbitrage Partners, L.P.) ("WCRAP"), Whitebox Relative Value Partners, L.P. (f/k/a Whitebox Concentrated Convertible Arbitrage Partners, L.P.) ("WCCAP"), Pandora Select Partners, L.P. ("PSP"), Whitebox Special Opportunities Fund, L.P. - Series O ("WSOF"), Whitebox Institutional Partners, L.P. ("WIP") (together, the "Private Funds") and may be deemed to be beneficially owned by (a) Whitebox Advisors LLC ("WA") by virtue of its role as the investment manager of the Private Funds and (b) Whitebox General Partner LLC ("WGP") by virtue of its role as the general partner of the Private Funds.
- F3The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.