PAR PACIFIC HOLDINGS, INC. — Director's Dealing 2017

Sep 30, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAR PACIFIC HOLDINGS, INC. (PARR)
CIK: 0000821483
Period of Report: 2017-09-27

Reporting Person: WHITEBOX ADVISORS LLC (10% Owner)
Reporting Person: WHITEBOX GENERAL PARTNER LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-09-27	Common Stock	S	19724	$20.4900	Disposed	5591286	Indirect
2017-09-28	Common Stock	S	22449	$20.4688	Disposed	5568837	Indirect
2017-09-29	Common Stock	S	235270	$21.1875	Disposed	5333567	Indirect

Footnotes

F1: These securities are directly owned by Whitebox Asymmetric Partners, L.P., Whitebox Multi-Strategy Partners, L.P., Whitebox Credit Partners, L.P. (f/k/a Whitebox Credit Arbitrage Partners, L.P.), Whitebox Relative Value Partners, L.P. (f/k/a Whitebox Concentrated Convertible Arbitrage Partners, L.P.), Pandora Select Partners, L.P., Whitebox GT Fund, LP, Whitebox Institutional Partners, L.P. (together, the "Private Funds") and may be deemed to be beneficially owned by (a) Whitebox Advisors LLC by virtue of its role as the investment manager of the Private Funds and (b) Whitebox General Partner LLC by virtue of its role as the general partner of the Private Funds.

F2: The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.