3//SEC Filing
WHITEBOX GENERAL PARTNER LLC 3
Accession 0000919574-19-002755
CIK 0000076321other
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 4:55 PM ET
Size
8.6 KB
Accession
0000919574-19-002755
Insider Transaction Report
Form 3
WHITEBOX ADVISORS LLC
10% Owner
Holdings
- (indirect: See Footnotes)
Warrants
→ Common Stock, par value $0.01 per share (97,635 underlying) - 1,531,462(indirect: See Footnotes)
Common Stock, par value $0.01 per share
WHITEBOX GENERAL PARTNER LLC
10% Owner
Holdings
- (indirect: See Footnotes)
Warrants
→ Common Stock, par value $0.01 per share (97,635 underlying) - 1,531,462(indirect: See Footnotes)
Common Stock, par value $0.01 per share
Footnotes (2)
- [F1]The Common Stock, par value $0.01 per share ("Common Stock") is directly beneficially owned by certain private investment funds (together, the "Private Funds") and may be deemed to be beneficially owned by (a) Whitebox Advisors LLC by virtue of its role as the investment manager of the Private Funds and (b) Whitebox General Partner LLC by virtue of its role as the general partner of the Private Funds. The Reporting Persons disclaim 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.
- [F2]Pursuant to the warrant agreement dated March 26, 2019 (the "Effective Date") between Parker Drilling Company (the "Issuer") and the warrant agent (the "Warrant Agreement"), each warrant ("Warrant") is initially exercisable for one share of Common Stock per Warrant at an initial exercise price of $48.85 per Warrant, subject to certain adjustments. The Warrants are exercisable from the date of issuance until 5:00 p.m., New York City time, on the fifth and a half anniversary of the Effective Date, at which time, all unexercised Warrants will expire, and the rights of the holders of such Warrants to purchase Common Stock will terminate. Reference is made to the Issuer's 8-K and Exhibit 10.4 attached thereto filed on the Effective Date, which is incorporated by reference.
Documents
Issuer
PARKER DRILLING CO /DE/
CIK 0000076321
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001650272
Filing Metadata
- Form type
- 3
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 4:55 PM ET
- Size
- 8.6 KB