Juniper Capital III GP, L.P. 3/A
3/A · PENN VIRGINIA CORP · Filed Mar 22, 2021
Insider Transaction Report
Form 3/AAmended
Juniper Capital III GP, L.P.
10% Owner
Holdings
- (indirect: See footnote)
Series A Preferred Stock
From: 2021-07-14→ Common Stock (17,142,857 underlying)
Footnotes (4)
- [F1]JSTX Holdings LLC, a Delaware limited liability company ("JSTX"), was issued 171,428.57 shares of Series A Preferred Stock of the Issuer ("Series A Preferred Stock") and 17,142,857 Common Units ("Common Units") of PV Energy Holdings, L.P., a Delaware limited partnership and subsidiary of the Issuer (the "Partnership"), on January 15, 2021. JSTX may elect to have each Common Unit, together with 1/100th of a share of Series A Preferred Stock, held by it, redeemed at any time on or after July 14, 2021 for, at the Partnership's option, either (a) one share of common stock, par value $0.01, of the Issuer ("Common Stock") or (b) a cash payment equal to the average of the volume-weighted closing price of one share of Common Stock for the five trading days prior to the date JSTX delivers a notice of redemption for each Common Unit and 1/100th of a share of Series A Preferred Stock redeemed (subject to customary adjustments, including for stock splits, stock dividends and reclassifications).
- [F2]The Reporting Person is the sole general partner of each of Juniper Capital III, L.P. a Delaware limited partnership ("Fund III"), and Juniper Phoenix Partners, L.P., a Delaware limited partnership ("Phoenix"). JSTX is wholly owned by Fund III and Phoenix. The Reporting Person disclaims beneficial ownership in the securities except to the extent of its pecuniary interest therein.
- [F3]Represents the total number of shares of Common Stock underlying the shares of Series A Preferred Stock and Common Units issued to JSTX.
- [F4]N/A