13D Filing: Fir Tree and Sandridge Energy Inc (SD)

Page 3 of 5 – SEC Filing

This Amendment No. 2 (“Amendment No. 2“)
amends the statement on Schedule 13D filed with the Securities and Exchange Commission (the “SEC“)
on November 20, 2017 (the “Original Schedule 13D“) and Amendment No. 1 to the Original Schedule 13D
filed on December 18, 2017 (“Amendment No. 1,” and together with the Original Schedule 13D and this
Amendment No. 2, the “Schedule 13D“) with respect to the shares of Common Stock, par value $0.001
per share (the “Common Stock“), of SandRidge Energy, Inc., a Delaware corporation (the
Issuer“). Capitalized terms used herein and not otherwise defined in this Amendment No. 2 have the
meanings set forth in the Schedule 13D. This Amendment No. 2 amends Items 3 and 5(a)-(c) as set forth below.

 

Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The Reporting Person used a
total of $39,300,941 to acquire the Common
Stock and Warrants to purchase Common Stock reported in this Schedule 13D. The source of the funds used to acquire the shares
of Common Stock reported herein is the working capital of the Fir Tree Funds.

 

Item 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Schedule 13D is hereby amended and restated as follows:
(a) See rows (11) and (13) of the cover pages to this Schedule 13D for the aggregate number of shares of Common Stock and percentages of the shares of Common Stock beneficially owned by the Reporting Person. The percentages used in this Schedule 13D are calculated based upon 35,641,907 shares of Common Stock issued and outstanding as of February 15, 2018, as reported in the Issuer’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017, filed with the SEC on February 22, 2018, and assumes the exercise of the Warrants held by the Fir Tree Funds.
(b) See rows (7) through (10) of the cover pages to this Schedule 13D for the number of shares of Common Stock as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
(c) Information concerning transactions in the shares of Common Stock effected by the Reporting Person during the past sixty days is set forth in Schedule A hereto and is incorporated herein by reference. All of the transactions in the shares of Common Stock listed hereto were effected in the open market through various brokerage entities.

 

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