Seventy Seven Energy Inc. 4
4 · Seventy Seven Energy Inc. · Filed Apr 20, 2017
Insider Transaction Report
Form 4
Axelrod Andrew
Director
Transactions
- Disposition to Issuer
Common Stock
2017-04-20−3,579,743→ 0 total(indirect: See Footnote)
Footnotes (3)
- [F1]The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F2]Pursuant to the Agreement, at the effective time of the Merger, 3,579,743 shares of common stock of the Issuer were each converted into the right to receive the Merger Consideration.
- [F3]These shares of Common Stock are held for the accounts of Axar Master Fund, Ltd. and Star V. Partners LLC. Axar Capital Management, LP serves as investment manager to each of Axar Master Fund, Ltd. and Star V. Partners LLC. Axar GP, LLC, is the sole general partner of Axar Capital Management, LP. Mr. Axelrod is the sole members of Axar GP, LLC and is the managing partner, portfolio manager and majority control person of Axar Capital Management, LP.