Statement of Changes in Beneficial Ownership (4)
June 02 2017 - 4:05PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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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
*
Wilder John C Jr
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2. Issuer Name
and
Ticker or Trading Symbol
EXCO RESOURCES INC
[
XCO
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
_____ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
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(Last)
(First)
(Middle)
200 CRESCENT CT., SUITE 1900
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3. Date of Earliest Transaction
(MM/DD/YYYY)
5/31/2017
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(Street)
DALLAS, TX 75201
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Warrants (right to buy)
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$.93
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5/31/2017
(1)
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P
(1)
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75268818
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5/31/2017
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5/31/2022
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Common Stock
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75268818
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(1)
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75268818
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I
(2)
(3)
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See footnotes 2 and 3.
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Explanation of Responses:
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(1)
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The warrants being reported herein were received by Energy Strategic Advisory Services, LLC ("ESAS") in connection with its purchase from EXCO Resources, Inc. ("Issuer") of $70,000,000 principal amount of the Issuer's 8.0%/11.0% 1.5 Lien Senior Secured PIK Toggle Notes due 2022 pursuant to that certain Purchase Agreement dated March 15, 2017 by and among Issuer, the subsidiary guarantors named therein and certain purchasers named therein. The warrants were issued subject to approval by the Issuer's shareholders. Shareholder approval of the warrants was received on May 31, 2017.
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(2)
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ESAS is the registered owner of the warrants herein reported. ESAS is owned by Bluescape Energy Recapitalization and Restructuring Fund III LP (the "Fund"), and the Fund is directed by its general partner, Bluescape Energy Partners III GP LLC ("Bluescape"). Mr. Charles John Wilder, Jr. (the "Reporting Person") serves as the Sole Manager of Bluescape and has the power to direct the affairs of Bluescape.
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(3)
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The Reporting Person states that neither the filing of this statement nor anything herein shall be deemed an admission that he is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these securities. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest in such securities.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Wilder John C Jr
200 CRESCENT CT., SUITE 1900
DALLAS, TX 75201
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X
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Signatures
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/s/ C. John Wilder Jr.
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6/2/2017
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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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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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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.
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