Permian Resources Corp — Director's Dealing 2017

Jun 22, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Centennial Resource Development, Inc. (CDEV)
CIK: 0001658566
Period of Report: 2017-06-19

Reporting Person: Papa Mark G (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-19	Class A Common Stock	J	1815988	—	Acquired	1859940	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-06-19	Warrants (right to buy)	$11.50	J	1173498	Acquired		Class A Common Stock (1173498)	Direct

Footnotes

F1: On June 19, 2017, Silver Rock Sponsor, LLC distributed 1,815,988 shares of the Class A Common Stock of the Issuer and warrants to purchase 1,173,498 shares of Class A Common Stock to the reporting person for no consideration.

F2: The reporting person's acquisition of shares of Class A Common Stock reported herein was matchable under Section 16(b) of the Exchange Act of 1934, to the extent of 2,079 shares, with the reporting person's disposition of 2,079 shares of Class A Common Stock on March 13, 2017 at a price of $18.44 per share. The reporting person has agreed to pay the Issuer $38,336.76, representing the full amount of the profit realized in connection with these transactions.

F3: The warrants are currently exercisable and will expire five years after the Initial Business Combination, which occurred on October 11, 2016, or earlier upon redemption or liquidation.