Management Llc Ares, a major owner of Halcon Resources Corporation and a director of the company, recently acquired 34,528 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on September 19, 2016. Ares now owns 18,016,350 shares of the company. Ares operates out of Los Angeles, CA. Some additional info was provided as follows:
The amount reported includes 17,264 shares of restricted stock approved by the Issuer's board of directors to be granted to Darryl Schall and 17,264 shares of restricted stock approved by the Issuer's board of directors to be granted to Nathan Walton, in their respective capacities as non-employee directors of the Issuer. Messrs. Schall and Walton are associated
with Ares Management LLC ("Ares Management LLC") and the other Ares Entities (as defined below). Pursuant to the policies of the Ares Entities and the direction of Messrs. Schall and Walton, the Issuer issued these restricted shares directly to Ares Management LLC on September 19, 2016. Neither Mr. Schall nor Mr. Walton had any beneficial ownership of or pecuniary interest in such restricted shares.
The amount reported includes 17,981,822 shares of common stock issued to the Reporting Persons in connection with the bankruptcy reorganization plan (the "Plan") of the Issuer and its affiliates. The shares are held directly by investment vehicles managed by Ares Management LLC. The sole member of Ares Management LLC is Ares Management Holdings L.P. ("Ares Management Holdings") and the general partner of Ares Management Holdings is Ares Holdco LLC ("Ares Holdco"). The sole member of Ares Holdco is Ares Holdings Inc. ("Ares Holdings"), whose sole stockholder is Ares Management, L.P. ("Ares Management"). (Continued in footnote 3)
The general partner of Ares Management is Ares Management GP LLC ("Ares Management GP") and the sole member of Ares Management GP is Ares Partners Holdco LLC ("Ares Partners," and together with Ares Management LLC, Ares Management Holdings, Ares Holdco, Ares Holdings, Ares Management, and Ares Management GP, the "Ares Entities"). Ares Partners is managed by a board of managers, which is composed of Michael Arougheti, David Kaplan, John Kissick, Antony Ressler and Bennett Rosenthal. (Continued in footnote 4)
Decisions by Ares Partners' board of managers generally are made by a majority of the members, which majority, subject to certain conditions, must include Antony Ressler. Each of the Ares Entities and the members of Ares Partners' board of managers and the other directors, officers, partners, stockholders, members and managers of the Ares Entities expressly disclaims beneficial ownership of the securities reported on this Form 4, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes. The address of each Ares Entity is 2000 Avenue of the Stars, 12th Floor, Los Angeles, CA 90067.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following:
Halcon Resources: Halcón Resources Announces The Redemption Of All Remaining 8.625% Senior Secured Notes Due 2020 - Feb. 16, 2017
Halcon Resources: $700 Million Offering Of Unsecured Notes - Feb. 10, 2017
Goldman just provided an update on share ownership of Halcon Resources Corporation - Feb. 10, 2017
Fourth Quarter Operating and Year End 2016 Estimated Proved Reserves - Feb. 9, 2017
Halcon Resources: Halcón Resources Commences Cash Tender Offer For Any And All Of Its 8.625% Senior Secured Notes Due 2020 - Feb. 9, 2017