Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-19-052987
Date:2019-10-08
Issuer: HALCON RESOURCES CORP (HK)
Original Submission Date:

Reporting Person:

ELKOURI DAVID S
1000 LOUISIANA STREET, SUITE 6600
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
COMMON STOCK 2019-10-08 J 561,898 d $0.00 0 direct
COMMON STOCK 2019-10-08 J 265 d $0.00 0 indirect
COMMON STOCK 2019-10-08 J 1,302 a $0.00 1,302 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
WARRANTS (RIGHT TO BUY) 40.17 2019-10-08 deemed execution date J 6,258 (a) 2019-10-08 2022-10-08 common stock $40.17 6,258 direct
WARRANTS (RIGHT TO BUY) 40.17 2019-10-08 deemed execution date J 2 (a) 2019-10-08 2022-10-08 common stock $40.17 2 indirect by ira
WARRANTS (RIGHT TO BUY) 48.28 2019-10-08 deemed execution date J 7,822 (a) 2019-10-08 2022-10-08 common stock $48.28 7,822 direct
WARRANTS (RIGHT TO BUY) 48.28 2019-10-08 deemed execution date J 3 (a) 2019-10-08 2022-10-08 common stock $48.28 3 indirect by ira
WARRANTS (RIGHT TO BUY) 60.45 2019-10-08 deemed execution date J 10,057 (a) 2019-10-08 2022-10-08 common stock $60.45 10,057 direct
WARRANTS (RIGHT TO BUY) 60.45 2019-10-08 deemed execution date J 4 (a) 2019-10-08 2022-10-08 common stock $60.45 4 indirect by ira
Footnotes
IDfootnote
f1 on august 7, 2019, the issuer and its subsidiaries (collectively, the "debtors") filed voluntary petitions for relief under chapter 11 of title 11 of the united states code in the united states bankruptcy court for the southern district of texas (the "chapter 11 cases," and such court, the "bankruptcy court"). on september 24, 2019, the bankruptcy court entered an order (the "confirmation order") confirming the debtors' joint prepackaged plan of reorganization, as modified by the confirmation order (the "plan"). on october 8, 2019 (the "effective date"), the plan became effective in accordance with its terms and the debtors emerged from the chapter 11 cases. on the effective date, all outstanding shares of the issuer's common stock (the "old common stock") were cancelled and extinguished.
f2 new shares of the issuer's common stock, par value $0.0001 per share (the "new shares") were issued to the reporting person pursuant to the plan in exchange for old common stock held by the reporting person on the effective date under the plan. the reporting person received 1 new share for approximately every 431 shares of old common stock held by the reporting person on the effective date of the plan. the receipt of new shares was involuntary, without consideration and in accordance with the plan approved by the bankruptcy court.
f3 the initial exercise price of each series of warrants will increase on a monthly basis by the monthly compounding factor (as defined in the warrant agreement), whereby the exercise price of each series of warrants shall be increased each month at an annualized rate of 6.75%, compounding monthly. the monthly compounding factor may be adjusted for dividends or distributions (other than for dividends or distributions in the form of new common stock). an initial schedule of the monthly exercise price adjustments may be found on schedule 1 of the warrant agreement. the exercise price of each series of warrants may be adjusted further, as described in the following footnotes.
f4 if the company shall (i) declare a dividend or make a distribution to holders of new common stock in new common stock, (ii) split, subdivide, recapitalize, restructure or reclassify the outstanding new common stock into a greater number of new common stock or effect a similar transaction or (iii) combine, recapitalize, restructure or reclassify the outstanding new common stock into a smaller number of new common stock or effect a similar transaction, the number of new common stock issuable upon exercise of a warrant at the record date for such dividend or distribution or effective date of such split, subdivision, combination, recapitalization, restructuring, reclassification or similar transaction shall be proportionately adjusted so that the warrant holder, after such date, shall be entitled to purchase the number of new common stock which such warrant holder would have owned or been entitled to receive on such date had such warrant been exercised immediately prior to such date.
f5 in such event, the exercise price per share of new common stock in effect at the record date for such dividend or distribution or effective date of such split, subdivision, combination, recapitalization, restructuring, reclassification or similar transaction shall be adjusted, as provided in the warrant agreement.
f6 series a warrants were issued to the reporting person pursuant to the plan in exchange for old common stock held by the reporting person on the effective date under the plan. the reporting person received 1 series a warrant for approximately every 90 shares of old common stock held by the reporting person on the effective date of the plan. the receipt of series a warrants was involuntary, without consideration and in accordance with the plan approved by the bankruptcy court. the warrants have a three (3) year term.
f7 series b warrants were issued to the reporting person pursuant to the plan in exchange for old common stock held by the reporting person on the effective date under the plan. the reporting person received 1 series b warrant for approximately every 72 shares of old common stock held by the reporting person on the effective date of the plan. the receipt of series b warrants was involuntary, without consideration and in accordance with the plan approved by the bankruptcy court. the warrants have a three (3) year term.
f8 series c warrants were issued to the reporting person pursuant to the plan in exchange for old common stock held by the reporting person on the effective date under the plan. the reporting person received 1 series c warrant for approximately every 56 shares of old common stock held by the reporting person on the effective date of the plan. the receipt of series c warrants was involuntary, without consideration and in accordance with the plan approved by the bankruptcy court. the warrants have a three (3) year term.
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