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SC 13D Filing
Ranger Oil (ROCC) SC 13DPenn Virginia Corp
Filed: 30 Sep 16, 12:00am
CUSIP No. 70788V 300 and 70788V 100 | ||||||
1 | Names of Reporting Persons. I.R.S. Identification Nos. of above Persons (entities only) | Debello Investors LLC | ||||
2 | Check the Appropriate Box if a Member of a Group (See Instructions) (a) o (b) | |||||
3 | SEC Use Only | |||||
4 | Source of Funds (See Instructions) | OO | ||||
5 | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e | | ||||
6 | Citizenship or Place of Organization | Delaware | ||||
Number of Shares Beneficially Owned by Each Reporting Person With | 7 | Sole Voting Power | 0 | |||
8 | Shared Voting Power (see Item 5 below) | 282,996 | ||||
9 | Sole Dispositive Power | 0 | ||||
10 | Shared Dispositive Power (see Item 5 below) | 282,996 | ||||
11 | Aggregate Amount Beneficially Owned by Each Reporting Person | 282,996 | ||||
12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) | |||||
13 | Percent of Class Represented by Amount in Row (11) | 2.00% | ||||
14 | Type of Reporting Person (See Instructions) | CO |
CUSIP No. 70788V 300 and 70788V 100 | ||||||
1 | Names of Reporting Persons. I.R.S. Identification Nos. of above Persons (entities only) | Wexford Catalyst Investors LLC | ||||
2 | Check the Appropriate Box if a Member of a Group (See Instructions) (a) o (b) | |||||
3 | SEC Use Only | |||||
4 | Source of Funds (See Instructions) | OO | ||||
5 | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e | | ||||
6 | Citizenship or Place of Organization | Delaware | ||||
Number of Shares Beneficially Owned by Each Reporting Person With | 7 | Sole Voting Power | 0 | |||
8 | Shared Voting Power (see Item 5 below) | 291,180 | ||||
9 | Sole Dispositive Power | 0 | ||||
10 | Shared Dispositive Power (see Item 5 below) | 291,180 | ||||
11 | Aggregate Amount Beneficially Owned by Each Reporting Person | 291,180 | ||||
12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) | |||||
13 | Percent of Class Represented by Amount in Row (11) | 2.05% | ||||
14 | Type of Reporting Person (See Instructions) | OO |
CUSIP No. 70788V 300 and 70788V 100 | ||||||
1 | Names of Reporting Persons. I.R.S. Identification Nos. of above Persons (entities only) | Wexford Spectrum Investors LLC | ||||
2 | Check the Appropriate Box if a Member of a Group (See Instructions) (a) o (b) | |||||
3 | SEC Use Only | |||||
4 | Source of Funds (See Instructions) | OO | ||||
5 | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e | | ||||
6 | Citizenship or Place of Organization | Delaware | ||||
Number of Shares Beneficially Owned by Each Reporting Person With | 7 | Sole Voting Power | 0 | |||
8 | Shared Voting Power (see Item 5 below) | 293,490 | ||||
9 | Sole Dispositive Power | 0 | ||||
10 | Shared Dispositive Power (see Item 5 below) | 293,490 | ||||
11 | Aggregate Amount Beneficially Owned by Each Reporting Person | 293,490 | ||||
12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) | |||||
13 | Percent of Class Represented by Amount in Row (11) | 2.07% | ||||
14 | Type of Reporting Person (See Instructions) | OO |
CUSIP No. 70788V 300 and 70788V 100 | ||||||
1 | Names of Reporting Persons. I.R.S. Identification Nos. of above Persons (entities only) | Wexford Capital LP | ||||
2 | Check the Appropriate Box if a Member of a Group (See Instructions) (a) o (b) | |||||
3 | SEC Use Only | |||||
4 | Source of Funds (See Instructions) | OO | ||||
5 | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e | | ||||
6 | Citizenship or Place of Organization | Delaware | ||||
Number of Shares Beneficially Owned by Each Reporting Person With | 7 | Sole Voting Power | 0 | |||
8 | Shared Voting Power (see Item 5 below) | 867,666 | ||||
9 | Sole Dispositive Power | 0 | ||||
10 | Shared Dispositive Power (see Item 5 below) | 867,666 | ||||
11 | Aggregate Amount Beneficially Owned by Each Reporting Person | 867,666 | ||||
12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) | |||||
13 | Percent of Class Represented by Amount in Row (11) | 6.12% | ||||
14 | Type of Reporting Person (See Instructions) | PN |
CUSIP No. 70788V 300 and 70788V 100 | ||||||
1 | Names of Reporting Persons. I.R.S. Identification Nos. of above Persons (entities only) | Wexford GP LLC | ||||
2 | Check the Appropriate Box if a Member of a Group (See Instructions) (a) o (b) | |||||
3 | SEC Use Only | |||||
4 | Source of Funds (See Instructions) | OO | ||||
5 | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e | | ||||
6 | Citizenship or Place of Organization | Delaware | ||||
Number of Shares Beneficially Owned by Each Reporting Person With | 7 | Sole Voting Power | 0 | |||
8 | Shared Voting Power (see Item 5 below) | 867,666 | ||||
9 | Sole Dispositive Power | 0 | ||||
10 | Shared Dispositive Power (see Item 5 below) | 867,666 | ||||
11 | Aggregate Amount Beneficially Owned by Each Reporting Person | 867,666 | ||||
12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) | |||||
13 | Percent of Class Represented by Amount in Row (11) | 6.12% | ||||
14 | Type of Reporting Person (See Instructions) | OO |
CUSIP No. 70788V 300 and 70788V 100 | ||||||
1 | Names of Reporting Persons. I.R.S. Identification Nos. of above Persons (entities only) | Charles E. Davidson | ||||
2 | Check the Appropriate Box if a Member of a Group (See Instructions) (a) o (b) | |||||
3 | SEC Use Only | |||||
4 | Source of Funds (See Instructions) | OO | ||||
5 | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e | | ||||
6 | Citizenship or Place of Organization | United States | ||||
Number of Shares Beneficially Owned by Each Reporting Person With | 7 | Sole Voting Power | 0 | |||
8 | Shared Voting Power (see Item 5 below) | 867,666 | ||||
9 | Sole Dispositive Power | 0 | ||||
10 | Shared Dispositive Power (see Item 5 below) | 867,666 | ||||
11 | Aggregate Amount Beneficially Owned by Each Reporting Person | 867,666 | ||||
12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) | |||||
13 | Percent of Class Represented by Amount in Row (11) | 6.12% | ||||
14 | Type of Reporting Person (See Instructions) | IN |
CUSIP No. 70788V 300 and 70788V 100 | ||||||
1 | Names of Reporting Persons. I.R.S. Identification Nos. of above Persons (entities only) | Joseph M. Jacobs | ||||
2 | Check the Appropriate Box if a Member of a Group (See Instructions) (a) o (b) | |||||
3 | SEC Use Only | |||||
4 | Source of Funds (See Instructions) | OO | ||||
5 | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e | | ||||
6 | Citizenship or Place of Organization | United States | ||||
Number of Shares Beneficially Owned by Each Reporting Person With | 7 | Sole Voting Power | 0 | |||
8 | Shared Voting Power (see Item 5 below) | 867,666 | ||||
9 | Sole Dispositive Power | 0 | ||||
10 | Shared Dispositive Power (see Item 5 below) | 867,666 | ||||
11 | Aggregate Amount Beneficially Owned by Each Reporting Person | 867,666 | ||||
12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) | |||||
13 | Percent of Class Represented by Amount in Row (11) | 6.12% | ||||
14 | Type of Reporting Person (See Instructions) | IN |
Item 1. | Security and Issuer |
Item 2. | Identity and Background |
(a) | This statement is filed by |
(i) | Each of Debello Investors LLC, Wexford Catalyst Investors LLC and Wexford Spectrum Investors LLC (collectively, the “Purchasing Entities”), each of which is a Delaware limited liability company, with respect to the shares of Common Stock owned by them; |
(ii) | Wexford Capital LP (“Wexford Capital”), a Delaware limited partnership, which is the manager of the Purchasing Entities; |
(iii) | Wexford GP LLC (“Wexford GP”), a Delaware limited liability company, which is the general partner of Wexford Capital, which acts as manager to the Purchasing Entities; |
(iv) | Charles E. Davidson (“Mr. Davidson”), the Chairman and a managing member of Wexford GP; and |
(v) | Joseph M. Jacobs (“Mr. Jacobs”), the President and a managing member of Wexford GP. |
(b) | The address of the principal business and principal office of the Purchasing Entities, Wexford Capital and Wexford GP is c/o Wexford Capital LP, 411 West Putnam Avenue, Suite 125, Greenwich, CT 06830. The address of the principal business and principal office of Charles E. Davidson and Joseph M. Jacobs is c/o Wexford Capital LP, 777 South Flagler Drive, Suite 602 East, West Palm Beach, FL 33401. |
(c) | Each of Purchasing Entities is a private investment fund formed for the purpose of making various investments. Wexford Capital is an investment advisor registered with the Securities and Exchange Commission, and manages a series of investment funds. Wexford GP is the general partner of Wexford Capital. Messrs. Davidson and Jacobs are the managing members of Wexford GP. |
(d) | None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). |
(e) | None of the Reporting Persons has, during the last five years, been a party to civil proceeding of a judicial administrative body of competent jurisdiction and, as a result of such proceeding, was, or is subject to, a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or state securities laws or finding any violation with respect to such laws. |
(f) | Each of Wexford Catalyst Investors LLC, Debello Investors LLC, Wexford Spectrum Investors LLC and Wexford GP LLC is a Delaware limited liability company. Wexford Capital is a Delaware limited partnership. Messrs. Davidson and Jacobs are each United States citizens. |
Item 3. | Source and Amount of Funds or Other Consideration. |
Item 4. | Purpose of Transaction. |
Item 5. | Interest in Securities of the Issuer |
Debello Investors LLC | |||||
a) | Amount beneficially owned: 282,996 | Percentage: 2.00% | |||
b) | Number of shares to which the Reporting Person has: | ||||
i. | Sole power to vote or to direct the vote: | 0 | |||
ii. | Shared power to vote or to direct the vote: | 282,996 | |||
iii. | Sole power to dispose or to direct the disposition of: | 0 | |||
iv. | Shared power to dispose or to direct the disposition of: | 282,996 | |||
Wexford Catalyst Investors LLC | |||||
a) | Amount beneficially owned: 291,180 | Percentage: 2.05% | |||
b) | Number of shares to which the Reporting Person has: | ||||
i. | Sole power to vote or to direct the vote: | 0 | |||
ii. | Shared power to vote or to direct the vote: | 291,180 | |||
iii. | Sole power to dispose or to direct the disposition of: | 0 | |||
iv. | Shared power to dispose or to direct the disposition of: | 291,180 | |||
Wexford Spectrum Investors LLC | |||||
a) | Amount beneficially owned: 293,490 | Percentage: 2.07% | |||
b) | Number of shares to which the Reporting Person has: | ||||
i. | Sole power to vote or to direct the vote: | 0 | |||
ii. | Shared power to vote or to direct the vote: | 293,490 | |||
iii. | Sole power to dispose or to direct the disposition of: | 0 | |||
iv. | Shared power to dispose or to direct the disposition of: | 293,490 | |||
Wexford Capital LP | |||||
a) | Amount beneficially owned: 867,666 | Percentage: 6.12% | |||
b) | Number of shares to which the Reporting Person has: | ||||
i. | Sole power to vote or to direct the vote: | 0 | |||
ii. | Shared power to vote or to direct the vote: | 867,666 | |||
iii. | Sole power to dispose or to direct the disposition of: | 0 | |||
iv. | Shared power to dispose or to direct the disposition of: | 867,666 | |||
Wexford GP LLC | |||||
a) | Amount beneficially owned: 867,666 | Percentage: 6.12% | |||
b) | Number of shares to which the Reporting Person has: | ||||
i. | Sole power to vote or to direct the vote: | 0 | |||
ii. | Shared power to vote or to direct the vote: | 867,666 | |||
iii. | Sole power to dispose or to direct the disposition of: | 0 | |||
iv. | Shared power to dispose or to direct the disposition of: | 867,666 | |||
Charles E. Davidson | |||||
a) | Amount beneficially owned: 867,666 | Percentage: 6.12% | |||
b) | Number of shares to which the Reporting Person has: | ||||
i. | Sole power to vote or to direct the vote: | 0 | |||
ii. | Shared power to vote or to direct the vote: | 867,666 | |||
iii. | Sole power to dispose or to direct the disposition of: | 0 | |||
iv. | Shared power to dispose or to direct the disposition of: | 867,666 | |||
Joseph M. Jacobs | |||||
a) | Amount beneficially owned: 867,666 | Percentage: 6.12% | |||
b) | Number of shares to which the Reporting Person has: | ||||
i. | Sole power to vote or to direct the vote: | 0 | |||
ii. | Shared power to vote or to direct the vote: | 867,666 | |||
iii. | Sole power to dispose or to direct the disposition of: | 0 | |||
iv. | Shared power to dispose or to direct the disposition of: | 867,666 |
Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer |
Item 7. | Material to be Filed as Exhibits |
Exhibit B — Shareholders Agreement by and Among Penn Virginia Corporation and The Shareholders (as defined therein), dated as of September 12, 2016. (2) |
(1) Incorporated by reference to Exhibit 3.1 to the Issuer’s Current Report on Form 8-K, filed on September 15, 2016. |
(2) Incorporated by reference to Exhibit 10.4 to the Issuer’s Current Report on Form 8-K, filed on September 15, 2016. |
Date: September 29, 2016 | Company Name | ||
DEBELLO INVESTORS LLC | |||
By: | /s/ Arthur Amron | ||
Name: | Arthur H. Amron | ||
Title: | Vice President and Assistant Secretary | ||
WEXFORD CATALYST INVESTORS LLC | |||
By: | /s/ Arthur Amron | ||
Name: | Arthur H. Amron | ||
Title: | Vice President and Assistant Secretary | ||
WEXFORD SPECTRUM INVESTORS LLC | |||
By: | /s/ Arthur Amron | ||
Name: | Arthur H. Amron | ||
Title: | Vice President and Assistant Secretary | ||
WEXFORD CAPITAL LP | |||
By: | Wexford GP LLC, its General Partner | ||
By: | /s/ Arthur Amron | ||
Name: | Arthur H. Amron | ||
Title: | Vice President and Assistant Secretary | ||
WEXFORD GP LLC | |||
By: | /s/ Arthur Amron | ||
Name: | Arthur H. Amron | ||
Title: | Vice President and Assistant Secretary | ||
/s/ Joseph M. Jacobs | |||
JOSEPH M. JACOBS | |||
/s/ Charles E. Davidson | |||
CHARLES E. DAVIDSON | |||
Date: September 29, 2016 | Company Name | ||
DEBELLO INVESTORS LLC | |||
By: | /s/ Arthur Amron | ||
Name: | Arthur H. Amron | ||
Title: | Vice President and Assistant Secretary | ||
WEXFORD CATALYST INVESTORS LLC | |||
By: | /s/ Arthur Amron | ||
Name: | Arthur H. Amron | ||
Title: | Vice President and Assistant Secretary | ||
WEXFORD SPECTRUM INVESTORS LLC | |||
By: | /s/ Arthur Amron | ||
Name: | Arthur H. Amron | ||
Title: | Vice President and Assistant Secretary | ||
WEXFORD CAPITAL LP | |||
By: | Wexford GP LLC, its General Partner | ||
By: | /s/ Arthur Amron | ||
Name: | Arthur H. Amron | ||
Title: | Vice President and Assistant Secretary | ||
WEXFORD GP LLC | |||
By: | /s/ Arthur Amron | ||
Name: | Arthur H. Amron | ||
Title: | Vice President and Assistant Secretary | ||
/s/ Joseph M. Jacobs | |||
JOSEPH M. JACOBS | |||
/s/ Charles E. Davidson | |||
CHARLES E. DAVIDSON | |||