Form Type: 4

SEC EDGAR Link
Accession Number:0001144204-18-053020
Date:2018-10-04
Issuer: MAGNOLIA OIL & GAS CORP (MGY)
Original Submission Date:

Reporting Person:

ENERVEST, LTD.
1001 FANNIN STREET
SUITE 800 HOUSTON, TX 77002

Reporting Person:

ENERVEST MANAGEMENT GP, L.C.
C/O ENERVEST LTD.
1001 FANNIN STREET, SUITE 800 HOUSTON, TX 77002

Reporting Person:

ENERVEST ENERGY INSTITUTIONAL FUND XIV-A, L.P.
C/O ENERVEST LTD.
1001 FANNIN STREET, SUITE 800 HOUSTON, TX 77002

Reporting Person:

ENERVEST ENERGY INSTITUTIONAL FUND XIV-2A, L.P.
C/O ENERVEST LTD.
1001 FANNIN STREET, SUITE 800 HOUSTON, TX 77002

Reporting Person:

ENERVEST ENERGY INSTITUTIONAL FUND XIV-3A, L.P.
C/O ENERVEST LTD.
1001 FANNIN STREET, SUITE 800 HOUSTON, TX 77002

Reporting Person:

ENERVEST ENERGY INSTITUTIONAL FUND XIV-WIC, L.P.
C/O ENERVEST LTD.
1001 FANNIN STREET, SUITE 800 HOUSTON, TX 77002

Reporting Person:

ENERVEST ENERGY INSTITUTIONAL FUND XIV-C, L.P.
C/O ENERVEST LTD.
1001 FANNIN STREET, SUITE 800 HOUSTON, TX 77002

Reporting Person:

ENERVEST ENERGY INSTITUTIONAL FUND XIV-C-AIV, L.P.
C/O ENERVEST LTD.
1001 FANNIN STREET, SUITE 800 HOUSTON, TX 77002

Reporting Person:

ENERVEST INVESTMENT SERVICES, L.L.C.
C/O ENERVEST LTD.
1001 FANNIN STREET, SUITE 800 HOUSTON, TX 77002

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
CLASS A COMMON STOCK 2018-10-04 A 1,105,449 a $0.00 35,383,633 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
CLASS B COMMON STOCK 0.0 2018-10-04 deemed execution date A 2,894,551 (a) class a common stock 93,346,725 $0.00 93,346,725 direct
Footnotes
IDfootnote
f1 represents 1,105,449 shares of the issuer's class a common stock ("class a common stock") issued to enervest energy institutional fund xiv-c, l.p. ("ev xiv-c") on october 4, 2018 as a portion of earnout consideration payable in connection with the issuer's business combination with enervest, ltd.'s south texas division (the "business combination").
f2 ev xiv-c owns of record 35,383,633 shares of class a common stock.
f3 enervest management gp, l.c. ("evm gp") is the general partner of enervest, ltd. ("enervest"), which is the sole member, with sole control over the actions of, each of, evfa gp xiv, llc, evfa xiv-2a, llc, evfa xiv-3a, llc, and enervest holding xiv, llc, the managing general partners, respectively, of enervest energy institutional fund xiv-a, l.p. ("ev xiv-a"), enervest energy institutional fund xiv-2a, l.p. ("ev xiv-2a"), enervest energy institutional fund xiv-3a, l.p. ("ev xiv-3a"), and enervest energy institutional fund xiv-wic, l.p. ("ev xiv-wic"). enervest is also the sole member, with sole control over the actions of, evfc gp xiv, llc, the managing general partner of each of ev xiv-c and enervest energy institutional fund xiv-c-aiv, l.p. ("ev xiv-c-aiv"). enervest investment services, l.l.c. ("eis, llc") is the investment advisor for ev xiv-a, ev xiv-2a, ev xiv-3a, ev xiv-wic, ev xiv-c and ev xiv-c-aiv (such six entities together, the "record holders" and each, a "record holder").
f4 each record holder and each of evm gp, enervest, evfa gp xiv, llc, evfa xiv-2a, llc, evfa xiv-3a, llc, enervest holding xiv, llc, evfc gp xiv, llc, and eis, llc (collectively, the "non-fund entities") directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of section 16 of the securities exchange act of 1934, as amended, to be the indirect beneficial owner of some or all of the shares owned by the record holders and, therefore, a "ten percent holder" hereunder. each record holder and each non-fund entity disclaims beneficial ownership of the shares reported herein, except to the extent of its pecuniary interest therein, and, with respect to each of the record holders, except to the extent of its respective direct ownership reported herein, and this report shall not be deemed an admission that the reporting persons are the beneficial owners of such securities for purposes of section 16 or for any other purposes.
f5 represents (i) 1,924,907 shares of class b common stock issued to ev xiv-a, (ii) 20,107 shares of class b common stock issued to ev xiv-wic, (iii) 357,422 shares of class b common stock issued to ev xiv-2a, (iv) 377,102 shares of class b common stock issued to ev xiv-3a and (v) 215,013 shares of class b common stock issued to ev xiv-c-aiv, each issued on october 4, 2018 as a portion of earnout consideration payable in connection with the business combination.
f6 shares of class b common stock, when combined with an equal number of units ("units") of magnolia oil & gas parent llc, a delaware limited liability company of which the issuer is the managing member, are exchangeable from time to time at the option of the holders thereof for shares of class a common stock on a one-for-one basis (or, at the issuer's option, for cash).
f7 not applicable.
f8 represents the aggregate number of shares of class b common stock issued to each of ev xiv-a, ev xiv-2a, ev xiv-3a, ev xiv-wic, and ev xiv-c-aiv in connection with the business combination and earnout consideration. (ev xiv-c's shares of class a common stock, together with the shares of class b common stock and units held by ev xiv-a, ev xiv-2a, ev xiv-3a, ev xiv-wic, and ev xiv-c-aiv, are collectively referred to herein as the "equity interests.")
f9 ev xiv-a owns of record 61,613,201 shares of class b common stock; ev xiv-2a owns of record 12,176,137 shares of class b common stock; ev xiv-3a owns of record 12,031,193 shares of class b common stock; ev xiv-wic owns of record 643,646 shares of class b common stock; and ev xiv-c-aiv owns of record 6,882,548 shares of class b common stock.
f10 each record holder and each of the non-fund entities directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of section 16 of the securities exchange act of 1934, as amended, to be the indirect beneficial owner of some or all of the equity interests owned by the record holders and, therefore, a "ten percent holder" hereunder. each record holder and each non-fund entity disclaims beneficial ownership of the equity interests reported herein, except to the extent of its pecuniary interest therein, and, with respect to each of the record holders, except to the extent of its respective direct ownership reported herein, and this report shall not be deemed an admission that the reporting persons are the beneficial owners of such securities for purposes of section 16 or for any other purposes.
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