Statement of Changes in Beneficial Ownership (4)
January 24 2017 - 5:18PM
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
*
Strategic Value Partners, LLC
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2. Issuer Name
and
Ticker or Trading Symbol
SWIFT ENERGY CO
[
SWFT
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
__
X
__ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
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(Last)
(First)
(Middle)
100 WEST PUTNAM AVENUE
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3. Date of Earliest Transaction
(MM/DD/YYYY)
1/22/2017
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(Street)
GREENWICH, CT 06830
(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)
___ Form filed by One Reporting Person
_
X
_ 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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Common Stock
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1/22/2017
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P
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805000
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A
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$28.50
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4460319
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I
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See footnotes
(1)
(2)
(3)
(4)
(5)
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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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Explanation of Responses:
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(
1)
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The reported securities 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.
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(
2)
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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.
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(
3)
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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.
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(
4)
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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.
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(
5)
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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.
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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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Strategic Value Partners, LLC
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830
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X
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X
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SVP Special Situations III LLC
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830
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X
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X
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SVP Special Situations III-A LLC
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830
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X
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X
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Khosla Victor
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830
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X
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X
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Signatures
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/s/ James Dougherty, as Fund Chief Financial Officer of Strategic Value Partners, LLC
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1/24/2017
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**
Signature of Reporting Person
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Date
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/s/ James Dougherty, as Fund Chief Financial Officer of SVP Special Situations III LLC
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1/24/2017
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**
Signature of Reporting Person
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Date
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/s/ James Dougherty, as Fund Chief Financial Officer of SVP Special Situations III-A LLC
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1/24/2017
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**
Signature of Reporting Person
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Date
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/s/ Victor Khosla
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1/24/2017
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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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