Form4insider filings, from the source

SEC Form 4 · accession 0001104659-16-120987

CLAYTON WILLIAMS ENERGY INC /DE · CWEI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owners
ARES MANAGEMENT LP
Director · 10% Owner
ARES MANAGEMENT LLC
Director · 10% Owner
Ares Management Holdings L.P.
Director · 10% Owner
Ares Partners Holdco LLC
Director · 10% Owner
Ares Management GP LLC
Director · 10% Owner
Ares Holdings Inc.
Director · 10% Owner
Ares Holdco LLC
Director · 10% Owner
Period of report
May 11, 2016
Accepted (ET)
May 13, 2016 · 6:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000880115

Table I — non-derivative securities

SecurityDateCodeSharesPriceA/DOwned afterD/INature of ownership
Common Stock, $0.10 par valueF1,F2,F3,F4May 11, 2016P140,000$16.4015A503,618ISee footnotes
Common Stock, $0.10 par valueF5,F2,F3,F4May 12, 2016P208,600$17.813A712,218ISee footnotes
Common Stock, $0.10 par valueF6,F2,F3,F4May 13, 2016P166,805$19.4181A879,023ISee footnotes

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

Remarks

Affiliates of Ares Management LLC and the Ares Entities hold all of the shares of a series of special voting preferred stock of the Issuer. The shares of the special voting preferred stock grant the holders thereof the right to elect up to two members of the board of directors of the Issuer, subject to reduction based on the warrants held by such holders, their respective affiliates and other permitted transferees that remain unexercised in respect of a specified number of shares for which such warrants are exercisable. The holders of the series of special voting preferred stock elected two members to the board of directors of the Issuer on March 31, 2016 and accordingly, Ares Management LLC and the Ares Entities may be deemed to be a director by deputization.