American Securities Form 3 Initial statement of insider ownership

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Ascribe Capital LLC

(Last) (First) (Middle)

299 PARK AVENUE, 34TH FLOOR

(Street)

NEW YORK NY 10171

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/18/2017

3. Issuer Name and Ticker or Trading Symbol
Forbes Energy Services Ltd. [ NONE ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,286,306	D(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Ascribe Capital LLC

(Last) (First) (Middle)

299 PARK AVENUE, 34TH FLOOR

(Street)

NEW YORK NY 10171

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

AMERICAN SECURITIES LLC

(Last) (First) (Middle)

299 PARK AVENUE, 34TH FLOOR

(Street)

NEW YORK NY 10171

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Ascribe III Investments LLC

(Last) (First) (Middle)

299 PARK AVENUE, 34TH FLOOR

(Street)

NEW YORK NY 10171

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Ascribe Opportunities Fund III, L.P.

(Last) (First) (Middle)

299 PARK AVENUE, 34TH FLOOR

(Street)

NEW YORK NY 10171-8000

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Ascribe Opportunities Fund III(B), L.P.

(Last) (First) (Middle)

299 PARK AVENUE, 34TH FLOOR

(Street)

NEW YORK NY 10171-8000

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Ascribe Associates III, LLC

(Last) (First) (Middle)

299 PARK AVENUE, 34TH FLOOR

(Street)

NEW YORK NY 10171

(City) (State) (Zip)

Explanation of Responses:

1. For the text of Footnote 1, see Exhibit 99.1.

	Ascribe Capital LLC, By: /s/ Lawrence First, as Managing Director	04/19/2017
	American Securities LLC, By: /s/ Michael G. Fisch, as Chief Executive Officer	04/19/2017
	Ascribe III Investments LLC, By Ascribe Capital LLC, its investment manager, By: /s/ Lawrence First, as Managing Director	04/19/2017
	Ascribe Opportunities Fund III, L.P., By Ascribe Capital LLC, its investment manager, By: /s/ Lawrence First, as Managing Director	04/19/2017
	Ascribe Opportunities Fund III(B), L.P., By Ascribe Capital LLC, its investment manager, By: /s/ Lawrence First, as Managing Director	04/19/2017
	Ascribe Associates III, LLC, By: American Securities LLC, its managing member, By: /s/ Michael G. Fisch, as Chief Executive Officer	04/19/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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