Avenue Strategic Opportunities Fund, L.P. 4
4 · PACIFIC DRILLING S.A. · Filed May 19, 2020
Insider Transaction Report
Form 4
Avenue Capital Management II, L.P.
10% Owner
Transactions
- Sale
COMMON STOCK
2020-05-15$0.45/sh−327,629$146,778→ 18,931,945 total(indirect: See footnotes) - Sale
COMMON STOCK
2020-05-18$0.45/sh−771,116$347,002→ 18,160,829 total(indirect: See footnotes)
Footnotes (3)
- [F1]Collectively, the securities (the "Common Shares") reported in this Form 4 are held directly by: (i) Avenue Energy Opportunities Fund, L.P., Avenue Energy Opportunities Fund II, L.P., Avenue PPF Opportunities Fund, L.P., Avenue Special Opportunities Fund II, L.P. and Avenue Strategic Opportunities Fund, L.P. (the "US Funds") and (ii) Avenue ASRS Europe Opportunities Fund, L.P., Avenue Europe Opportunities Master Fund, L.P., Avenue Europe Special Situations Fund III (Euro), L.P., and Avenue Europe Special Situations Fund III (U.S.), L.P. (the "Euro Funds") and together with the US Funds, the "Funds").
- [F2]Avenue Capital Management II, L.P. is the investment manager of the US Funds and may be deemed to have voting and dispositive power over the 12,874,879 Common Shares owned by such entities. Avenue Europe International Management, L.P. is the investment manager of the Euro Funds and may be deemed to have voting and dispositive power over the 5,285,950 Common Shares owned by such entities.
- [F3]Marc Lasry is the managing member of Avenue Capital Management II GenPar, LLC and Avenue Europe International Management GenPar, LLC. Mr. Lasry may be deemed to be the indirect beneficial owner of the securities reported by the Funds by reason of his ability to direct the vote and/or disposition of such securities, and his pecuniary interest in such shares (within the meaning of Rule 16a-1(a)(2) under the Exchange Act) is a fractional interest in such amount.