4//SEC Filing
WHR Holdings, LLC 4
Accession 0001104659-19-005882
CIK 0001681714other
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 6:56 PM ET
Size
21.2 KB
Accession
0001104659-19-005882
Insider Transaction Report
Form 4
WildHorse Investment Holdings, LLC
10% Owner
Transactions
- Disposition to Issuer
Common Stock
2019-02-01−2,563,266→ 0 total
GFW X, L.L.C.
10% Owner
Transactions
- Disposition to Issuer
Common Stock
2019-02-01−2,563,266→ 0 total
Transactions
- Disposition to Issuer
Common Stock
2019-02-01−2,563,266→ 0 total
NGP X US Holdings LP
10% Owner
Transactions
- Disposition to Issuer
Common Stock
2019-02-01−2,563,266→ 0 total
G.F.W. Energy X, L.P.
10% Owner
Transactions
- Disposition to Issuer
Common Stock
2019-02-01−2,563,266→ 0 total
NGP X Holdings GP, L.L.C.
10% Owner
Transactions
- Disposition to Issuer
Common Stock
2019-02-01−2,563,266→ 0 total
NGP Natural Resources X, L.P.
10% Owner
Transactions
- Disposition to Issuer
Common Stock
2019-02-01−2,563,266→ 0 total
WHR Holdings, LLC
Director10% Owner
Transactions
- Disposition to Issuer
Common Stock
2019-02-01−2,563,266→ 0 total
Footnotes (6)
- [F1]On February 1, 2019, pursuant to the Agreement and Plan of Merger dated as of October 29, 2018 (the "Merger Agreement"), by and among WildHorse Resource Development Corporation (the "Company"), Chesapeake Energy Corporation ("Chesapeake") and Coleburn Inc. ("Merger Sub"), as amended, Merger Sub merged with an into the Company (the "Merger"), with the Company surviving the Merger and continuing as a wholly-owned subsidiary of Chesapeake.
- [F2]Pursuant to the Merger Agreement, each share of Company common stock issued and outstanding prior to the effective time of the Merger owned by the Reporting Person was converted at such time into the right to receive either (i) 5.336 shares of Chesapeake common stock and $3.00 in cash, or (ii) 5.989 shares of Chesapeake common stock, in each case, with cash in lieu for any fractional shares. The closing price per share of Chesapeake common stock on the day prior to the effective date of the Merger was $2.85.
- [F3]This form is jointly filed by WHR Holdings, LLC ("WildHorse Holdings"), WildHorse Investment Holdings, LLC ("WildHorse Investment Holdings"), NGP X US Holdings, L.P. ("NGP X US Holdings"), NGP X Holdings GP, L.L.C. ("NGP X Holdings GP"), NGP Natural Resources X, L.P. ("NGP X"), G.F.W. Energy X, L.P. ("GFW X"), GFW X, L.L.C. ("GFW X GP") and NGP Energy Capital Management, L.L.C. ("NGP ECM"). WildHorse Investment Holdings owns 100% of the capital interests in WildHorse Holdings and NGP X US Holdings owns 90.3% of WildHorse Investment Holdings, and certain members of the Company's management team own the remaining 9.7%. As a result, NGP X US Holdings may be deemed to indirectly beneficially own the shares held by WildHorse Holdings. NGP X US Holdings disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein.
- [F4](Continued from Footnote 3) NGP X Holdings GP (the sole general partner of NGP X US Holdings), NGP X (the sole member of NGP X Holdings GP), GFW X (the sole general partner of NGP X) and GFW X GP (the sole general partner of GFW X) may each be deemed to share voting and dispositive power over the reported shares and therefore may also be deemed to be the beneficial owner of these shares. GFW X GP has delegated full power and authority to manage NGP X US Holdings to NGP ECM and accordingly, NGP ECM may be deemed to share voting and dispositive power over these shares and therefore may also be deemed to be the beneficial owner of these shares. Each of WildHorse Investment Holdings, NGP X US Holdings, NGP X Holdings GP, NGP X, GFW X, GFW X GP and NGP ECM disclaims beneficial ownership of the reported securities in excess of its pecuniary interest therein.
- [F5]Prior to the effective time of the Merger, WildHorse Holdings was party to a Stockholders' Agreement (the "Stockholders' Agreement"), pursuant to which, each of the parties thereto agreed, among other things, to cause the shares of Company common stock and any equity securities of the Company held by such party to be voted for the individuals properly designated by the parties to the Stockholders' Agreement for election to the Company's board of directors. As a result, the parties thereto may have been deemed to be members of a group holding over 10% of the outstanding common stock of the Company (the "Group") for the purposes of Section 13(d)(3) of the Exchange Act of 1934, as amended (the "Exchange Act").
- [F6]WildHorse Holdings disclaims beneficial ownership of the shares of Company common stock held by the members of the Group, except to the extent of its pecuniary interest therein, and this statement shall not be construed as an admission that WildHorse Holdings is or was the beneficial owner of any such shares for purposes of Section 16 of the Exchange Act or for any other purpose.
Documents
Issuer
WildHorse Resource Development Corp
CIK 0001681714
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001691549
Filing Metadata
- Form type
- 4
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 6:56 PM ET
- Size
- 21.2 KB