4//SEC Filing
HALCON RESOURCES CORP 4
Accession 0001209191-15-040545
$BATLCIK 0001282648operating
Filed
May 7, 8:00 PM ET
Accepted
May 8, 4:30 PM ET
Size
21.6 KB
Accession
0001209191-15-040545
Insider Transaction Report
Form 4
PETERSEN GARY R
10% Owner
Transactions
- Purchase
8% Convertible Promissory Note
2015-05-06Exercise: $2.44From: 2017-02-08Exp: 2020-02-08→ Common Stock (118,716,790.95 underlying) - Expiration (Short)
Warrants (right to buy)
2012-02-08−36,666,667→ 0 totalExercise: $4.50From: 2012-02-08Exp: 2017-02-08→ Common Stock (36,666,667 underlying) - Expiration (Short)
8% Convertible Promissory Note
2012-02-08→ 0 totalExercise: $4.50From: 2014-02-08Exp: 2017-02-08→ Common Stock (64,370,882.21 underlying) - Purchase
Warrants (right to buy)
2015-05-06+36,666,667→ 36,666,667 totalExercise: $2.44Exp: 2020-02-08→ Common Stock (36,666,667 underlying)
Holdings
- 2
Common Stock, par value $0.0001 per share
PHILLIPS D MARTIN
10% Owner
Transactions
- Expiration (Short)
8% Convertible Promissory Note
2012-02-08→ 0 totalExercise: $4.50From: 2014-02-08Exp: 2017-02-08→ Common Stock (64,370,882.21 underlying) - Purchase
8% Convertible Promissory Note
2015-05-06Exercise: $2.44From: 2017-02-08Exp: 2020-02-08→ Common Stock (118,716,790.95 underlying) - Expiration (Short)
Warrants (right to buy)
2012-02-08−36,666,667→ 0 totalExercise: $4.50From: 2012-02-08Exp: 2017-02-08→ Common Stock (36,666,667 underlying) - Purchase
Warrants (right to buy)
2015-05-06+36,666,667→ 36,666,667 totalExercise: $2.44Exp: 2020-02-08→ Common Stock (36,666,667 underlying)
Holdings
- 2
Common Stock, par value $0.0001 per share
ZORICH ROBERT L
10% Owner
Transactions
- Purchase
8% Convertible Promissory Note
2015-05-06Exercise: $2.44From: 2017-02-08Exp: 2020-02-08→ Common Stock (118,716,790.95 underlying) - Purchase
Warrants (right to buy)
2015-05-06+36,666,667→ 36,666,667 totalExercise: $2.44Exp: 2020-02-08→ Common Stock (36,666,667 underlying) - Expiration (Short)
8% Convertible Promissory Note
2012-02-08→ 0 totalExercise: $4.50From: 2014-02-08Exp: 2017-02-08→ Common Stock (64,370,882.21 underlying) - Expiration (Short)
Warrants (right to buy)
2012-02-08−36,666,667→ 0 totalExercise: $4.50From: 2012-02-08Exp: 2017-02-08→ Common Stock (36,666,667 underlying)
Holdings
- 2
Common Stock, par value $0.0001 per share
Halcon Resources LLC
Director
Transactions
- Expiration (Short)
8% Convertible Promissory Note
2012-02-08→ 0 totalExercise: $4.50From: 2014-02-08Exp: 2017-02-08→ Common Stock (64,370,882.21 underlying) - Expiration (Short)
Warrants (right to buy)
2012-02-08−36,666,667→ 0 totalExercise: $4.50From: 2012-02-08Exp: 2017-02-08→ Common Stock (36,666,667 underlying) - Purchase
Warrants (right to buy)
2015-05-06+36,666,667→ 36,666,667 totalExercise: $2.44Exp: 2020-02-08→ Common Stock (36,666,667 underlying) - Purchase
8% Convertible Promissory Note
2015-05-06Exercise: $2.44From: 2017-02-08Exp: 2020-02-08→ Common Stock (118,716,790.95 underlying)
Holdings
- 2
Common Stock, par value $0.0001 per share
Footnotes (5)
- [F1]These securities are owned directly by HALRES LLC ("HALRES"). EnCap Energy Capital Fund VIII, L.P. ("EnCap Fund VIII") has the right to nominate a majority of the members of the board of managers of HALRES. Therefore, David B. Miller, Gary R. Petersen, D. Martin Phillips and Robert L. Zorich may be deemed beneficial owners of the securities held by HALRES by virtue of being members of RNBD GP, LLC ("RNBD"), the sole member of EnCap Investments GP, L.L.C. ("EnCap Investments GP"), the general partner of EnCap Investments, L.P. ("EnCap Investments LP"), the general partner of EnCap Equity Fund VIII GP, L.P. ("EnCap Fund VIII GP"), the general partner of EnCap Fund VIII. Messrs. Miller, Petersen, Phillips, Zorich, RNBD, EnCap Investments GP, EnCap Investments LP, EnCap Fund VIII GP and EnCap Fund VIII disclaim beneficial ownership in excess of their pecuniary interest in such securities.
- [F2]This report is filed in connection with the Form 4 filed today by Mr. Miller, a director of the Issuer.
- [F3]On February 8, 2012, the Issuer issued to HALRES a convertible note in the amount of $275.0 million due 2017 together with five year warrants to purchase approximately 36.7 million shares of the Issuer's common stock. The convertible note was convertible into the Issuer's common stock at $4.50 per share and the warrants were exercisable at a price of $4.50 per share.
- [F4](Continued from footnote 3) The Issuer elected to pay the interest due on the convertible note in kind on March 31, June 30 and September 30, 2012, thereby increasing the amount of the convertible note to $289.7 million. On May 6, 2015, the Issuer's stockholders approved amendments to the convertible note and warrants which (i) extended the maturity date of the convertible note to February 8, 2020, (ii) modified the conversion price of the convertible note to $2.44 per share, (iii) modified the exercise price of the warrants to $2.44 per share and (iv) extended the expiration date of the warrants from February 8, 2017 to February 8, 2020. The amendment is reported above as the cancellation of the prior convertible note and warrants and the acquisition of a new convertible note and warrants.
- [F5]The warrants are exercisable, in whole or in part, at any time before February 8, 2020.
Issuer
HALCON RESOURCES CORP
CIK 0001282648
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001282648
Filing Metadata
- Form type
- 4
- Filed
- May 7, 8:00 PM ET
- Accepted
- May 8, 4:30 PM ET
- Size
- 21.6 KB