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*
(Street)
| 2. Date of Event Requiring Statement (Month/Day/Year) 08/11/2020 | 3. Issuer Name and Ticker or Trading Symbol ABRAXAS PETROLEUM CORP [ AXAS ] | |||||||||||||
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
| 5. If Amendment, Date of Original Filed (Month/Day/Year) | ||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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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) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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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 | ||||
Warrant (right to buy) | 08/11/2020 | (1) | Common Stock | 33,445,792 | 0.01 | I | See Footnote(2) |
1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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Explanation of Responses: |
1. The warrant is exercisable until the earlier of August 11, 2025 and the date that is two years after the first date in which the Obligations (as defined in the Tem Loan Credit Agreement, dated as of November 13, 2019, among Abraxas Petroleum Corporation, the lenders party thereto from time to time and Angelo Gordon Energy Servicer, LLC, as amended, supplemented, restated or otherwise modified from time to time) has been paid in full in cash. |
2. These securities are held directly by AG Energy Funding, LLC ("AG Energy Funding") for which Angelo, Gordon & Co, L.P. ("Angelo Gordon") is the manager. Michael L. Gordon is the managing member of JAMG LLC ("JAMG"), which is the managing member of AG Partners, LLC ("AG Partners"), which is the sole general partner of Angelo Gordon and Mr. Gordon is the chief executive officer of Angelo Gordon. Each of Mr. Gordon, JAMG and AG Partners may be deemed to control Angelo Gordon. Each of Angelo Gordon, AG Partners, JAMG and Michael L. Gordon disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein and this report shall not be deemed to be an admission that any of Angelo Gordon, AG Partners, JAMG or Michael L. Gordon is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |
Remarks: |
Todd Dittmann, a managing director of AG Energy Funding, LLC ("AG Energy Funding") and a member of AG Energy Funding's executive committee, is a member of the Board of Directors of Abraxas Petroleum Corporation (the "Issuer"). For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, AG Energy Funding, Angelo Gordon & Co., L.P., AG Partners, LLC, JAMG LLC and Michael L. Gordon may be deemed to be directors by deputization of the Issuer due to their relationship with Mr. Dittmann. |
/s/ Kirk Wickman, as Attorney-in-Fact for Michael L. Gordon, Managing Member of JAMG LLC, Managing Member of AG Partners, LLC, General Partner of Angelo, Gordon & Co., L.P., Manager of AG Funding, LLC | 08/21/2020 | |
/s/ Kirk Wickman, as Attorney-in-Fact for Michael L. Gordon, Managing Member of JAMG LLC, Managing Member of AG Partners, LLC, General Partner of Angelo, Gordon & Co., L.P. | 08/21/2020 | |
/s/ Kirk Wickman, as Attorney-in-Fact for Michael L. Gordon, Managing Member of JAMG LLC, Managing Member of AG Partners, LLC | 08/21/2020 | |
/s/ Kirk Wickman, as Attorney-in-Fact for Michael L. Gordon, Managing Member of JAMG LLC | 08/21/2020 | |
/s/ Kirk Wickman, as Attorney-in-Fact for Michael L. Gordon | 08/21/2020 | |
** 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |