4//SEC Filing
OAKTREE HOLDINGS, LLC 4
Accession 0001104659-14-002124
CIK 0000316300other
Filed
Jan 12, 7:00 PM ET
Accepted
Jan 13, 7:51 PM ET
Size
73.3 KB
Accession
0001104659-14-002124
Insider Transaction Report
Form 4
Oaktree Value Opportunities Fund GP, L.P.
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2014-01-09$5.00/sh+8,394,736$41,973,680→ 45,173,682 total(indirect: See Footnotes) - Exercise/Conversion
Subscription Rights (right to buy)
2014-01-09−33,578,946→ 3,200,000 total(indirect: See Footnotes)Exercise: $5.00From: 2013-12-19Exp: 2014-01-09→ Common Stock (8,394,736 underlying)
Oaktree Value Opportunities Fund Holdings, L.P.
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2014-01-09$5.00/sh+8,394,736$41,973,680→ 45,173,682 total(indirect: See Footnotes) - Exercise/Conversion
Subscription Rights (right to buy)
2014-01-09−33,578,946→ 3,200,000 total(indirect: See Footnotes)Exercise: $5.00From: 2013-12-19Exp: 2014-01-09→ Common Stock (8,394,736 underlying)
Oaktree Value Opportunities Fund GP Ltd.
Director10% Owner
Transactions
- Exercise/Conversion
Subscription Rights (right to buy)
2014-01-09−33,578,946→ 3,200,000 total(indirect: See Footnotes)Exercise: $5.00From: 2013-12-19Exp: 2014-01-09→ Common Stock (8,394,736 underlying) - Exercise/Conversion
Common Stock
2014-01-09$5.00/sh+8,394,736$41,973,680→ 45,173,682 total(indirect: See Footnotes)
OCM HOLDINGS I, LLC
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2014-01-09$5.00/sh+8,394,736$41,973,680→ 45,173,682 total(indirect: See Footnotes) - Exercise/Conversion
Subscription Rights (right to buy)
2014-01-09−33,578,946→ 3,200,000 total(indirect: See Footnotes)Exercise: $5.00From: 2013-12-19Exp: 2014-01-09→ Common Stock (8,394,736 underlying)
OAKTREE HOLDINGS, LLC
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2014-01-09$5.00/sh+8,394,736$41,973,680→ 45,173,682 total(indirect: See Footnotes) - Exercise/Conversion
Subscription Rights (right to buy)
2014-01-09−33,578,946→ 3,200,000 total(indirect: See Footnotes)Exercise: $5.00From: 2013-12-19Exp: 2014-01-09→ Common Stock (8,394,736 underlying)
OAKTREE FUND GP I, L.P.
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2014-01-09$5.00/sh+8,394,736$41,973,680→ 45,173,682 total(indirect: See Footnotes) - Exercise/Conversion
Subscription Rights (right to buy)
2014-01-09−33,578,946→ 3,200,000 total(indirect: See Footnotes)Exercise: $5.00From: 2013-12-19Exp: 2014-01-09→ Common Stock (8,394,736 underlying)
Oaktree Capital I, L.P.
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2014-01-09$5.00/sh+8,394,736$41,973,680→ 45,173,682 total(indirect: See Footnotes) - Exercise/Conversion
Subscription Rights (right to buy)
2014-01-09−33,578,946→ 3,200,000 total(indirect: See Footnotes)Exercise: $5.00From: 2013-12-19Exp: 2014-01-09→ Common Stock (8,394,736 underlying)
Footnotes (9)
- [F1]On December 19, 2013, EXCO Resources, Inc. (the "Company") issued, to each holder of record as of such date, subscription rights to acquire additional shares of common stock of the Company. On January 9, 2014, OCM Principal Opportunities Fund IV Delaware, L.P. ("Fund IV Delaware"), Oaktree Value Opportunities Fund Holdings, L.P. ("VOF Holdings") and OCM EXCO Holdings, LLC ("OCM EXCO") fully exercised their respective basic subscription rights to purchase 4,197,368 shares, 250,000 shares and 3,947,368 shares, respectively. These shares will be issued following the expiration date of the rights offering.
- [F2]This Form 4 is being filed by Fund IV Delaware, VOF Holdings and OCM EXCO. After giving effect to the exercise of the subscription rights, Fund IV Delaware directly owns 20,986,841 shares of common stock, VOF Holdings directly owns 1,250,000 shares of common stock, OCM EXCO directly owns 19,736,841 shares of common stock, OCM Principal Opportunities Fund III, L.P. ("Fund III") directly owns 3,142,400 shares of common stock and OCM Principal Opportunities Fund IIIA, L.P. ("Fund IIIA") directly owns 57,600 shares of common stock. Fund III and Fund IIIA did not exercise any subscription rights.
- [F3]This Form 4 is also being filed by: (i) OCM Principal Opportunities Fund IV Delaware GP Inc. ("Fund IV Delaware GP"), in its capacity as general partner of Fund IV Delaware; (ii) OCM Principal Opportunities Fund IV, L.P. ("Fund IV"), in its capacity as sole shareholder of Fund IV Delaware GP; (iii) OCM Principal Opportunities Fund IV GP, L.P. ("Fund IV GP"), in its capacity as general partner of Fund IV; and (iv) OCM Principal Opportunities Fund IV GP Ltd. ("Fund IV GP Ltd."), in its capacity as general partner of Fund IV GP.
- [F4]This Form 4 is also being filed by (i) Oaktree Value Opportunities Fund GP, L.P. ("VOFGP"), in its capacity as general partner of VOF Holdings; (ii) Oaktree Value Opportunities Fund GP Ltd. ("VOF GP Ltd."), in its capacity as general partner of VOFGP; (iii) Oaktree Fund GP I, L.P. ("GP I"), in its capacity as sole shareholder of Fund IV GP Ltd. and VOF GP Ltd.; (iv) Oaktree Capital I, L.P. ("Capital I"), in its capacity as general partner of GP I; (v) OCM Holdings I, LLC ("Holdings I"), in its capacity as general partner of Capital I; and (vi) Oaktree Holdings, LLC ("Holdings"), in its capacity as managing member of Holdings I.
- [F5]This Form 4 is also being filed by (i) Oaktree Capital Management, L.P. (formerly Oaktree Capital Management, LLC) ("Oaktree LP"), in its capacity as manager of OCM EXCO and director of Fund IV GP Ltd. and VOF GP Ltd.; (ii) Oaktree Holdings, Inc. ("Holdings Inc."), in its capacity as general partner of Oaktree LP; and (iii) Oaktree Capital Group, LLC ("OCG"), in its capacity as managing member of Holdings and the sole shareholder of Holdings Inc.
- [F6]This Form 4 is also being filed by Oaktree Capital Group Holdings GP, LLC ("OCGH GP"), in its capacity as the manager of OCG (each of Fund IV Delaware, Fund IV Delaware GP, Fund IV, Fund IV GP, Fund IV GP Ltd., VOF Holdings, VOFGP, VOF GP Ltd., GP I, Capital I, Holdings I, Holdings, OCM EXCO, Oaktree LP, Holdings Inc., OCG and OCGH GP, a "Reporting Person" and collectively, the "Reporting Persons").
- [F7]Information with respect to each Reporting Person is given solely by such Reporting Person, and no such Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person. Each Reporting Person, other than Fund IV Delaware, VOF Holdings and OCM EXCO with respect to their respective direct holdings, disclaims beneficial ownership of the securities reported herein except to the extent of their respective pecuniary interest therein and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any securities covered by this Form 4.
- [F8]OCGH GP is a limited liability company managed by an executive committee, the members of which are Howard S. Marks, Bruce A. Karsh, Sheldon M. Stone, Larry W. Keele, Stephen A. Kaplan, John B. Frank, David M. Kirchheimer and Kevin L. Clayton (each, an "OCGH GP Member" and collectively, the "OCGH GP Members"). In such capacity, the OCGH GP Members may be deemed indirect beneficial owners of the securities reported herein. Except to the extent of their respective pecuniary interest, each OCGH GP Member disclaims beneficial ownership of the securities reported herein and the filing of this Form 4 shall not be construed as an admission that any such person is the beneficial owner of any securities covered by this Form 4.
- [F9]The Reporting Persons may be deemed directors by deputization by virtue of their right to designate a representative to be nominated by the Issuer to serve on the Issuer's board of directors. B. James Ford was elected to serve on the Issuer's board of directors on December 1, 2007.
Documents
Issuer
EXCO RESOURCES INC
CIK 0000316300
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001407181
Filing Metadata
- Form type
- 4
- Filed
- Jan 12, 7:00 PM ET
- Accepted
- Jan 13, 7:51 PM ET
- Size
- 73.3 KB