PAR PACIFIC HOLDINGS, INC. — Director's Dealing 2012

Sep 12, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PAR PETROLEUM CORP/CO (PARR)
CIK: 0000821483
Period of Report: 2012-08-31

Reporting Person: WHITEBOX ADVISORS LLC (10% Owner)
Reporting Person: WHITEBOX ASYMMETRIC PARTNERS LP (10% Owner, See Remarks Below)
Reporting Person: Whitebox Multi-Strategy Partners LP (10% Owner, See Remarks Below)
Reporting Person: Whitebox Credit Arbitrage Partners, L.P. (10% Owner, See Remarks Below)
Reporting Person: Whitebox Concentrated Convertible Arbitrage Partners, L.P. (10% Owner, See Remarks Below)
Reporting Person: Pandora Select Partners, L.P. (10% Owner, See Remarks Below)
Reporting Person: HFR MASTER TRUSTS (10% Owner, See Remarks Below)
Reporting Person: IAM MINI-FUND 14 LTD (10% Owner, See Remarks Below)
Reporting Person: Mercer Jacob Paul (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	40001018	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrants	$0.01	2022-08-31	Common Stock Warrants (3326574)		Indirect

Footnotes

F1: Shares acquired are held directly by Whitebox Asymmetric Partners, L.P. ("WAP"), Whitebox Multi-Strategy Partners, L.P. ("WMSP"), Whitebox Credit Arbitrage Partners, L.P. ("WCRAP"), Whitebox Concentrated Convertible Arbitrage Partners, L.P. ("WCCAP"), Pandora Select Partners, L.P. ("PSP"), HFR RVA Combined Master Trust ("HFR") and IAM Mini Fund 14 Limited ("IAM").

F2: The general partner of , WAP is Whitebox Asymmetric, LLC ("WAA"), WMSP is Whitebox Multi-Strategy Advisors, LLC ("WMSA"), WCRAP is Whitebox Credit Arbitrage Advisors, LLC ("WCRAA), WCCAP is Whitebox Concentrated Convertible Arbitrage Advisors, LLC ("WCCAA")and PSP is Pandora Select Advisors, LLC ("PSA"). The managing member and controlling owner of WAA, WMSA, WCRAA, WCCAA and PSA is Whitebox Advisors, LLC ("WA"). WA is the investment manager authorized and appointed as HFR and IAM's agent and attorney-in-fact with the power to direct the affairs of HFR and IAM, including the power to vote and dispose of the shares of Common Stock held by HFR and IAM, and decision-making power with respect to the disposition of the proceeds from the sale of such Common Stock.

F3: Shares attributable to interests held by WA as Managing Member of WAA, WMSA, WCRAA, WCCAA, and PSA, which act as General Partners of WAP, WMSP, WCRAP, WCCAP, and PSP which directly hold the shares and as Investment Manager to HFR and IAM.