13D Filing: Orange Capital Cuts Bellatrix Exploration Ltd. (BXE) Position, Daniel Lewis Resigns from Board

Bellatrix Exploration Ltd (NYSE:BXE) is the subject of a new 13D filing issued by Daniel LewisOrange Capital, which reveals the most up-to-date ownership information of the investment firm in the stock. Orange Capital holds 30.83 million shares of the Canadian energy company, which represents a 1.90 million-share reduction from the firm’s position reported as of November 30. The activist filing also reveals that Mr. Lewis has resigned from Bellatrix’s Board of Directors, effective February 10. You can peruse the filing below and on the following pages.

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
Orange Capital, 0 30,827,712 0 30,827,712 30,827,712 16.1%
Orange Capital Master I, Ltd. 0 19,997,380 0 19,997,380 19,997,380 10.4%
OC Offshore Investments II, SPC Segregated Portfolio A 0 4,022,277 0 4,022,277 4,022,277 2.1%
OC Offshore Investments II, SPC Segregated Portfolio B 0 6,808,055 0 6,808,055 6,808,055 3.5%
Daniel Lewis 0 30,827,712 0 30,827,712 30,827,712 16.1%
Daniel Lewis
Daniel Lewis
Orange Capital

Page 1 of 9 SEC Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 12)*

Bellatrix
Exploration Ltd.

(Name of Issuer)

Common Shares,
no par value

(Title of Class of Securities)

078314101

(CUSIP Number)
Eleazer Klein, Esq.
Schulte Roth & Zabel LLP
919 Third Avenue

New York,
New York 10022

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

February
10, 2016

(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. [ ]

(Page 1 of 9 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).