CEC GP, LLC 4
4 · Lonestar Resources US Inc. · Filed Jul 2, 2019
Insider Transaction Report
Form 4
CEC GP, LLC
10% Owner
Transactions
- Other
Convertible Participating Preferred Stock, Series A-1
2019-06-28+2,112→ 95,961 total(indirect: See Footnote)→ Class A Voting Common Stock (352,000 underlying)
Footnotes (3)
- [F1]Each share of Convertible Participating Preferred Stock, Series A-1 (the "Series A-1 Stock"), is convertible into 166.6667 shares of Class A Voting Common Stock of the Issuer at the option of the holder, subject to adjustment in the event of any stock split, stock dividend or other circumstance described in the certificate of designation governing the Series A-1 Stock. The Series A-1 Stock has no expiration date.
- [F2]Represents a payment-in-kind dividend on the Series A-1 Stock owned on the dividend record date in the form of additional shares of Series A-1 Stock at a per share price equal to $1,000 and payable quarterly at a rate of 9% per annum.
- [F3]The shares are held of record by Chambers Energy Capital III, LP ("Chambers Energy"). J. Robert Chambers is the managing member of CEC GP, LLC ("CEC GP"), which is the sole member of CEC Fund III GP, LLC ("CEC III"), which is the general partner of Chambers Energy. Accordingly, each of Mr. Chambers, CEC GP, and CEC III may be deemed to share beneficial ownership of the securities held of record by Chambers Energy.