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

Sandridge Energy Inc (NYSE:SD): Jeffrey Tannenbaum’s Fir Tree filed an amended 13D.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Fir Tree Capital Management 2,534,651 0 2,534,651 0 2,534,651 7.02%

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Page 1 of 5 – SEC Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*

SandRidge
Energy, Inc.

(Name of Issuer)

Common Stock,
par value $0.001 per share

(Title of Class of Securities)

80007P869

(CUSIP Number)
Brian Meyer
Fir
Tree Capital Management LP
55 West 46th Street, 29th Floor
New York, NY 10036
(212) 599-0090
Eleazer Klein, Esq.
Schulte Roth & Zabel LLP
919 Third Avenue
New York, NY 10022

(212) 756-2000

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

April 5,
2018

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule
13d-1(f) or Rule 13d-1(g), check the following box. ý

(Page 1 of 5 Pages)

______________________________

* The remainder of this cover page shall be filled out for a reporting
person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall
not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or
otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).

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Page 2 of 5 – SEC Filing

1

NAME OF REPORTING PERSON

Fir Tree Capital Management LP

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

New York

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
7

SOLE VOTING POWER

2,534,651 shares of Common Stock (including 460,658
shares of Common Stock issuable upon exercise of Warrants)

8

SHARED VOTING POWER

-0-

9

SOLE DISPOSITIVE POWER

2,534,651 shares of Common Stock (including 460,658
shares of Common Stock issuable upon exercise of Warrants)

10

SHARED DISPOSITIVE POWER

-0-

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

2,534,651 shares of Common Stock (including 460,658
shares of Common Stock issuable upon exercise of Warrants)

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

7.02%

14

TYPE OF REPORTING PERSON

IA, CO

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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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Page 4 of 5 – SEC Filing

SIGNATURES

After reasonable inquiry and to the best
of his or its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete
and correct.

Date: April 9, 2018

FIR TREE CAPITAL MANAGEMENT LP
/s/ Brian Meyer
Name:  Brian Meyer
Title: General Counsel

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Page 5 of 5 – SEC Filing

Schedule A

This Schedule sets forth information with respect to each purchase
and sale of shares of Common Stock which were effectuated by the Reporting Person within the past sixty days. All transactions
were effectuated in the open market through a broker.

Trade Date Shares Purchased (Sold) Price Per Share ($)
04/06/2018 (3,500) $14.4746
04/05/2018 (137,100) $14.5318
03/23/2018 (500) $15.0050
03/20/2018 (3,000) $14.9800
03/20/2018 (20,300) $14.9849

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