Permian Resources Corp — Director's Dealing 2016

Feb 25, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Silver Run Acquisition Corp (SRAQ)
CIK: 0001658566
Period of Report: 2016-02-23

Reporting Person: Silver Run Sponsor, LLC (10% Owner)
Reporting Person: Silver Run Sponsor Manager, LLC (10% Owner)
Reporting Person: RIVERSTONE HOLDINGS LLC (10% Owner)
Reporting Person: LEUSCHEN DAVID M (10% Owner)
Reporting Person: LAPEYRE PIERRE F JR (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-23	Class B Common Stock	$	J	1437500	Acquired		Class A Common Stock (1437500)	Indirect

Footnotes

F1: The Class B Common Stock is convertible for the Issuer's Class A Common Stock on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and has no expiration date.

F2: On February 23, 2016, the Issuer effected a dividend of Class B common stock. The dividend was issued for the express purpose of maintaining the Class B common stock holders' collective ownership of 20% of thie Issuer's outstanding shares.

F3: Includes 1,687,500 shares of Class B Common Stock that are subject to forfeiture if the underwriters in the Issuer's initial public offering of common stock do not exercise their over-allotment option in full.

F4: Silver Run Sponsor, LLC is the record holder of the securities reported herein. Silver Run Sponsor Manager, LLC is the managing member of Silver Run Sponsor, LLC. Riverstone Holdings LLC is the managing member of Silver Run Sponsor Manager, LLC. David Leuschen and Pierre F. Lapeyre, Jr. are the managing directors of Riverstone Holdings LLC and have or share voting and investment discretion with respect to the securities held of record by Silver Run Sponsor, LLC. As such, each of Silver Run Sponsor Manager, LLC, Riverstone Holdings LLC, Mr. Leuschen and Mr. Lapeyre may be deemed to have or share beneficial ownership of the common stock held directly by Silver Run Sponsor, LLC. Each such entity or person disclaims any such beneficial ownership of such securities except to the extent of their 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.