Filing Details

Accession Number:
0001181431-10-058990
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-12-02 19:52:20
Reporting Period:
2010-11-30
Filing Date:
2010-12-02
Filing Date Changed:
2010-12-02
Accepted Time:
2010-12-02 19:52:20
Original Submission Date:
Issuer
Cik Name Symbol Sector (SIC) IRS No
1060990 Quicksilver Resources Inc KWK Crude Petroleum & Natural Gas (1311) 752756163
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1202553 H John Scully 591 Redwood Highway, Suite 3215
Mill Valley CA 94941
No No Yes No
1252479 Lp Partners Lake Cranberry 591 Redwood Highway , Suite 3215
Mill Valley CA 94941
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings
Common Stock Disposition 2010-11-30 0 $0.00 0
Common Stock Disposition 2010-11-30 0 $0.00 0
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 J Indirect See Footnotes
No 4 S Indirect See Footnotes
Footnotes
  1. As part of an internal restructuring (the "Restructuring") that occurred on November 30, 2010, Cranberry Lake Partners, L.P. ("CLP"), a limited partner in each of SPO Advisory Partners, L.P. ("SPO Advisory") and SF Advisory Partners, L.P. ("SF Advisory"), which in turn are the general partners respectively of SPO Partners II, L.P. ("SPO Partners") and San Francisco Partners, L.P. ("SF Partners"), dissolved and distributed its assets pro rata to its partners, including John H. Scully ("JHS"). Each of SPO Partners and SF Partners directly owns shares of the issuer's common stock. The pecuniary interest of JHS in the issuer will not change as a result of the Restructuring.
  2. Immediately following the Restructuring, JHS sold his interest in each of SPO Advisory and SF Advisory received in the Restructuring to a third party (the "Sale"). Each of SPO Advisory and SF Advisory may be deemed to indirectly own shares of the issuer's common stock owned directly by SPO Partners and SF Partners, respectively. Following the above-mentioned transactions, 23,311,254 shares of the issuer's common stock are owned directly by SPO Partners, and may be deemed to be indirectly beneficially owned by (i) SPO Advisory, the sole general partner of SPO Partners, (ii) SPO Advisory Corp. ("SPO Corp."), the sole general partner of SPO Advisory, and (iii) JHS, William E. Oberndorf ("WEO") and Edward H. McDermott ("EHM"), the three controlling persons of SPO Corp.
  3. Additionally, following the above-mentioned transactions, 1,673,900 shares of the issuer's common stock are owned directly by SF Partners, and may be deemed to be indirectly beneficially owned by (i) SF Advisory, the sole general partner of SF Partners, (ii) SPO Corp., the sole general partner of SF Advisory and (iii) JHS, WEO and EHM, the three controlling persons of SPO Corp. No separate consideration was received in the Sale in respect of the shares of common stock of the issuer owned by SPO Partners and SF Partners.
  4. Additionally, following the above-mentioned transactions, 19,900 shares of the issuer's common stock are held in the JHS Individual Retirement Account, which is self-directed.
  5. In prior SPO filings, William J. Patterson and the Elizabeth R. and William J. Patterson Foundation are listed as "Reporting Persons". William J. Patterson passed away on September 24, 2010. As a result, Mr. Patterson and the Elizabeth R. and William J. Patterson Foundation are no longer "Reporting Persons" with respect to shares of common stock of the issuer.
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