Berry Corp (bry) — Director's Dealing 2019

Nov 18, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Berry Petroleum Corp (BRY)
CIK: 0001705873
Period of Report: 2019-11-14

Reporting Person: Benefit Street Partners LLC (Director, 10% Owner)
Reporting Person: Gahan Thomas (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-14	Common Stock	S	1100000	$11.30	Disposed	900000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3193538	Indirect
Common Stock	1700678	Indirect
Common Stock	444302	Indirect
Common Stock	330509	Indirect
Common Stock	167757	Indirect
Common Stock	77223	Indirect
Common Stock	1846227	Indirect
Common Stock	1974368	Indirect
Common Stock	1044435	Indirect
Common Stock	1019301	Indirect

Footnotes

F1: The reported shares are held in the respective quantities indicated by Benefit Street Credit Alpha Master Fund Ltd., Providence Debt Fund III L.P., BSP Berry DF3 3 LLC, SEI Institutional Investments Trust - High Yield Bond Fund, SEI Institutional Managed Trust - High Yield Bond Fund, SEI Global Master Fund plc - The High Yield Fixed Income Fund, U.S. High Yield Bond Fund, BSP Berry Special Situations 3 LLC, BSP Berry SEI 2 LLC, a fund-of-one managed by Benefit Street Partners L.L.C. ("BSP") on behalf of an institutional client, and BSP Special Situations Master A L.P. (collectively, the "BSP Funds"). BSP serves as the investment adviser to each of the BSP Funds. Mr. Gahan controls BSP through his indirect ownership of membership interests of BSP and as Chief Executive Officer of BSP's sole managing member (continued in footnote 2).

F2: (continued from footnote 1) As a result, each of BSP and Mr. Gahan may be deemed to beneficially own the securities held by each of the BSP Funds. Each reporting person disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. Pursuant to a stockholders agreement between Berry Petroleum Corporation (the "Issuer") and certain holders party thereto, BSP has the right to designate a director to the Issuer's board of directors. Brent S. Buckley currently serves as BSP's designee.