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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Strategic Value Partners, LLC 100 WEST PUTNAM AVENUE GREENWICH, CT 06830 |
X | X | ||
SVP Special Situations III LLC 100 WEST PUTNAM AVENUE GREENWICH, CT 06830 |
X | X | ||
SVP Special Situations III-A LLC 100 WEST PUTNAM AVENUE GREENWICH, CT 06830 |
X | X | ||
Khosla Victor 100 WEST PUTNAM AVENUE GREENWICH, CT 06830 |
X | X |
/s/ James Dougherty, as Fund Chief Financial Officer of Strategic Value Partners, LLC | 07/13/2017 | |
**Signature of Reporting Person | Date | |
/s/ James Dougherty, as Fund Chief Financial Officer of SVP Special Situations III LLC | 07/13/2017 | |
**Signature of Reporting Person | Date | |
/s/ James Dougherty, as Fund Chief Financial Officer of SVP Special Situations III-A LLC | 07/13/2017 | |
**Signature of Reporting Person | Date | |
/s/ Victor Khosla | 07/13/2017 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(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). |
(1) | The reported shares were held in escrow in connection with the Issuer's Joint Plan of Reorganization confirmed by the United States Bankruptcy Court for the district of Delaware on March 31, 2016. The reported shares were released from escrow on February 21, 2017. |
(2) | The reported shares are held directly by SVMF 71 LLC, and may be deemed to be held indirectly by Strategic Value Partners, LLC ("Strategic Value Partners"), SVP Special Situations III LLC ("Special Situations III"), SVP Special Situations III-A LLC ("Special Situations III-A"), each as investment manager, and Victor Khosla ("Mr. Khosla" and together with Strategic Value Partners, Special Situations III and Special Situations III-A, the "Reporting Persons"), as the sole member of Midwood Holdings, LLC, the managing member of Strategic Value Partners, in each case as described below. |
(3) | The filing of this Form 4 shall not be construed as an admission that the Reporting Persons or the Funds (as defined below) are members of a "group" for purposes of Section 16 or Section 13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or are or were for the purposes of Section 16(a) of the Exchange Act, or otherwise the beneficial owners of any of the shares of common stock, of Swift Energy Company (the "Issuer"). The Reporting Persons and the Funds disclaim such beneficial ownership, except to the extent of their pecuniary interest, and disclaim the existence of, or membership in, a group. |
(4) | Strategic Value Partners is the investment manager of, and exercises investment discretion over Strategic Value Master Fund, Ltd., a Cayman Islands exempted company ("Master Fund"). Master Fund has an ownership interest in SVMF 70 LLC, which has an ownership interest in SVMF 71 LLC. Strategic Value Partners is indirectly majority owned and controlled by Mr. Khosla. |
(5) | Special Situations III is the investment manager of, and exercises investment discretion over Strategic Value Special Situations Master Fund III, L.P., a Cayman Islands exempted limited partnership ("Special Situations Master Fund III"). Special Situations Master Fund III has an ownership interest in SVMF 70 LLC, which has an ownership interest in SVMF 71 LLC. Strategic Value Partners is the managing member of Special Situations III. Strategic Value Partners and Special Situations III are both indirectly majority owned and controlled by Mr. Khosla. |
(6) | Special Situations III-A is the investment manager of, and exercises investment discretion over Strategic Value Opportunities Fund, L.P., a Cayman Islands exempted limited partnership ("Strategic Value Opportunities Fund," and together with Master Fund, Special Situations Master Fund III, SVMF 70 LLC and SVMF 71 LLC, the "Funds"). Strategic Value Opportunities Fund has an ownership interest in SVMF 71 LLC. Strategic Value Partners is the managing member of Special Situations III-A. Strategic Value Partners and Special Situations III-A are both indirectly majority owned and controlled by Mr. Khosla. |
Remarks: This amendment is filed to correct the reported ticker symbol of the Issuer, which was incorrectly reported as "SWFT" instead of "SWTF" on the initial Form 4. After the initial Form 4 was filed, the Issuer changed its name and ticker symbol, and such changes are reflected on this amendment. |