4//SEC Filing
SPO ADVISORY PARTNERS LP 4
Accession 0001181431-13-039996
CIK 0001090425other
Filed
Jul 14, 8:00 PM ET
Accepted
Jul 15, 7:01 PM ET
Size
21.0 KB
Accession
0001181431-13-039996
Insider Transaction Report
Form 4
MCDERMOTT EDWARD H
Director10% Owner
Transactions
- Sale
Common Stock
2013-07-11$44.97/sh−335,000$15,064,950→ 7,987,614 total(indirect: See footnotes) - Sale
Common Stock
2013-07-12$44.96/sh−150,000$6,744,000→ 7,839,214 total(indirect: See footnotes)
WEINBERG ELI J
10% Owner
Transactions
- Sale
Common Stock
2013-07-11$44.97/sh−335,000$15,064,950→ 7,987,614 total(indirect: See footnotes) - Sale
Common Stock
2013-07-12$44.96/sh−150,000$6,744,000→ 7,839,214 total(indirect: See footnotes)
SPO ADVISORY CORP
10% Owner
Transactions
- Sale
Common Stock
2013-07-12$44.96/sh−150,000$6,744,000→ 7,839,214 total(indirect: See footnotes) - Sale
Common Stock
2013-07-11$44.97/sh−335,000$15,064,950→ 7,987,614 total(indirect: See footnotes)
SF ADVISORY PARTNERS LP
10% Owner
Transactions
- Sale
Common Stock
2013-07-12$44.96/sh−150,000$6,744,000→ 7,839,214 total(indirect: See footnotes) - Sale
Common Stock
2013-07-11$44.97/sh−335,000$15,064,950→ 7,987,614 total(indirect: See footnotes)
SPO PARTNERS II LP
10% Owner
Transactions
- Sale
Common Stock
2013-07-11$44.97/sh−335,000$15,064,950→ 7,987,614 total(indirect: See footnotes) - Sale
Common Stock
2013-07-12$44.96/sh−150,000$6,744,000→ 7,839,214 total(indirect: See footnotes)
SAN FRANCISCO PARTNERS LP
10% Owner
Transactions
- Sale
Common Stock
2013-07-11$44.97/sh−335,000$15,064,950→ 7,987,614 total(indirect: See footnotes) - Sale
Common Stock
2013-07-12$44.96/sh−150,000$6,744,000→ 7,839,214 total(indirect: See footnotes)
SCULLY JOHN H
10% Owner
Transactions
- Sale
Common Stock
2013-07-12$44.96/sh−150,000$6,744,000→ 7,839,214 total(indirect: See footnotes) - Sale
Common Stock
2013-07-11$44.97/sh−335,000$15,064,950→ 7,987,614 total(indirect: See footnotes)
Transactions
- Sale
Common Stock
2013-07-12$44.96/sh−150,000$6,744,000→ 7,839,214 total(indirect: See footnotes) - Sale
Common Stock
2013-07-11$44.97/sh−335,000$15,064,950→ 7,987,614 total(indirect: See footnotes)
SPO ADVISORY PARTNERS LP
10% Owner
Transactions
- Sale
Common Stock
2013-07-11$44.97/sh−335,000$15,064,950→ 7,987,614 total(indirect: See footnotes) - Sale
Common Stock
2013-07-12$44.96/sh−150,000$6,744,000→ 7,839,214 total(indirect: See footnotes)
Footnotes (4)
- [F1]The entities directly selling these shares reported in this filing are SPO Partners II, L.P. ("SPO Partners"), which sold 457,800 shares, San Francisco Partners, L.P. ("SF Partners"), which sold 22,100 shares, and Phoebe Snow Foundation ("PSF"), which sold 5,100 shares. The range of prices for the sales on 7/11/13, reported on Line 1 above, was $44.79-45.11, and the range of prices for the sales on 7/12/13, reported on Line 2 above, was $44.79-45.11.
- [F2]As a result of the sales causing this filing, 7,478,484 shares are owned directly by 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 Advisory Corp. ("SPO Corp."), the sole general partner of SPO Advisory, and (iii) John H. Scully ("JHS"), Edward H. McDermott ("EHM") and Eli J. Weinberg ("EJW"), the three controlling persons of SPO Corp. Additionally, as a result of the sales causing this filing, 360,730 shares are owned directly by 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, EHM and EJW, the three controlling persons of SPO Corp.
- [F3]Additionally, as a result of the sales causing this filing, PSF owns 82,600 shares. Additionally, JHS owns 13,000 shares in his IRAs, which are self directed, EHM owns 600 shares in his IRA, which is self directed, and EJW directly owns 126 shares. Additionally, EHM directly owns 3,234 shares of the issuer's common stock. These shares were granted to EHM when he was 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.
- [F4]A portion of the shares sold in this transaction causing this filing is a transaction that is matchable under Section 16(b) of the Securities Exchange Act of 1934. The matchable shares represent less than 0.01% of the outstanding shares held by the reporting persons and are matchable as a result of an internal restructuring that amounted to an indirect purchase. A reporting person included in the filing is disgorging the deemed profits from this transaction to the issuer from the sale of these shares.
Documents
Issuer
LAMAR ADVERTISING CO/NEW
CIK 0001090425
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001252456
Filing Metadata
- Form type
- 4
- Filed
- Jul 14, 8:00 PM ET
- Accepted
- Jul 15, 7:01 PM ET
- Size
- 21.0 KB