4//SEC Filing
WILLIAM & SUSAN OBERNDORF TRUST 4
Accession 0001181431-12-021305
CIK 0001090425other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 7:54 PM ET
Size
11.7 KB
Accession
0001181431-12-021305
Insider Transaction Report
Form 4
JOHN H SCULLY LIVING TRUST
10% Owner
Transactions
- Sale
Common Stock
2012-03-31−0→ 18,723,314 total(indirect: See Footnotes)
OBERNDORF WILLIAM E
10% Owner
Transactions
- Sale
Common Stock
2012-03-31−0→ 18,723,314 total(indirect: See Footnotes)
WILLIAM & SUSAN OBERNDORF TRUST
10% Owner
Transactions
- Sale
Common Stock
2012-03-31−0→ 18,723,314 total(indirect: See Footnotes)
Edward & Elizabeth McDermott Trust
10% Owner
Transactions
- Sale
Common Stock
2012-03-31−0→ 18,723,314 total(indirect: See Footnotes)
Footnotes (3)
- [F1]On March 31, 2012, the John H. Scully Living Trust ("JHS Trust") and the Edward & Elizabeth McDermott Trust ("EHM Trust") purchased one-third of the outstanding shares of SPO Advisory Corp. ("SPO Corp.") previously owned by the William E. & Susan C. Oberndorf Trust. William E. Oberndorf ("WEO") left the SPO reporting group on March 31, 2012 and is no longer a controlling person of SPO Corp. Following the transaction which caused this filing, WEO beneficially owns 84,600 shares of the Issuer's common stock held in the WEO individual retirement account, which is self directed. These shares are no longer in the SPO filing group.
- [F2]Additionally, following the transaction which caused this filing, 17,902,984 shares of the Issuer's common stock are owned directly by SPO Partners II, L.P. ("SPO Partners"), and may be deemed to be indirectly beneficially owned by (i) SPO Advisory Partners, L.P. ("SPO Advisory"), the sole general partner of SPO Partners, (ii) SPO Corp., the sole general partner of SPO Advisory, and (iii) John H. Scully ("JHS") and Edward H. McDermott ("EHM"), the two controlling persons of SPO Corp. Additionally, 735,730 shares of the Issuer's common stock are owned directly by San Francisco Partners, L.P. ("SF Partners"), and may be deemed to be indirectly beneficially owned by (i) SF Advisory Partners, L.P. ("SF Advisory"), the sole general partner of SF Partners, (ii) SPO Corp., the sole general partner of SF Advisory, and (iii) JHS and EHM, the two controlling persons of SPO Corp.
- [F3]Additionally, following the transaction which caused this filing, JHS beneficially owns 18,700 shares of the Issuer's common stock held in the JHS individual retirement accounts, which are self directed. Additionally, EHM beneficially owns 800 shares of the Issuer's common stock held in the EHM individual retirement account, which is self directed. Additionally, EHM directly owns 3,234 shares of the Issuer's common stock. These shares were granted to EHM as a director of the company. Pursuant to the partnership agreement governing SPO Partners, these shares owned by EHM may be deemed to be indirectly beneficially owned by SPO Partners, along with any profits arising from the sale of the aforementioned shares.
Documents
Issuer
LAMAR ADVERTISING CO/NEW
CIK 0001090425
Entity typeother
Related Parties
1- filerCIK 0001252467
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 7:54 PM ET
- Size
- 11.7 KB