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CIVITAS RESOURCES, INC. — Director's Dealing 2017
May 11, 2017
31396_dirs_2017-05-11_04d7e0bc-7f81-4c60-b091-f6a574fe1270.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Bonanza Creek Energy, Inc. (BCEI)
CIK: 0001509589
Period of Report: 2017-04-28
Reporting Person: WEST FACE CAPITAL INC. (N/A)
Reporting Person: Boland Gregory A. (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-04-28 | Common Stock, par value $0.001 per share | J | 7587859 | — | Disposed | 0 | Indirect |
Footnotes
F1: Pursuant to the Issuer's Third Amended Joint Prepackaged Plan of Reorganization Under Chapter 11 of the Bankruptcy Code, effective April 28, 2017, all outstanding shares of the Issuer's common stock, par value $0.001 per share, ("Old Common Stock") were cancelled and holders of the Issuer's Old Common Stock received 1 share of the Issuer's new common stock, par value $0.01 per share, for each approximately 111.5879 shares of Old Common Stock. The Reporting Persons do not beneficially own more than 10% of the new common stock and thus are no longer subject to Section 16 of the Securities Exchange Act of 1934 with respect to the Issuer.
F2: These shares of Old Common Stock were held by Her Majesty the Queen in Right of the Province of Alberta ("Her Majesty"), in her own capacity and as trustee/nominee for certain Alberta pension clients, for which Alberta Investment Management Corporation, a Canadian corporation ("AIMCo"), serves as investment manager. West Face may exercise voting power over shares held by Her Majesty pursuant to an investment management agreement between West Face and AIMCo, on behalf of its clients. This investment management agreement may be terminated upon 90 days prior written notice or immediately in certain circumstances, at which time West Face would no longer be deemed to exercise voting control over the shares. Mr. Boland is the President and Chief Executive Officer of West Face. Each of Mr. Boland and West Face disclaims beneficial ownership of any shares held by Her Majesty, except to the extent of any pecuniary interest therein.