Filing Details

Accession Number:
0000905718-19-000991
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-12-23 19:31:27
Reporting Period:
2019-12-13
Accepted Time:
2019-12-23 19:31:27
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1705873 Berry Petroleum Corp BRY () DE
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1543160 Benefit Street Partners Llc 9 West 57Th Street, Suite 4920
New York NY 10019
Yes No Yes No
1610124 Thomas Gahan 9 West 57Th Street, Suite 4920
New York NY 10019
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2019-12-13 62,315 $0.00 11,860,653 No 4 J Indirect See Footnote
Common Stock Disposition 2019-12-20 16,830 $9.15 11,843,823 No 4 S Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 J Indirect See Footnote
No 4 S Indirect See Footnote
Footnotes
  1. Represents shares acquired in connection with the settlement of general unsecured claims, exempt pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended, as an acquisition in good faith in connection with a debt previously contracted. In addition, the shares were issued by Berry Petroleum Corporation (the "Issuer") to the reporting persons pursuant to a Rule 16b-3 exemption.
  2. The reported shares are held by one or more private funds and accounts (the "BSP Funds"). Benefit Street Partners L.L.C. ("BSP") serves as the investment adviser to the BSP Funds. Mr. Gahan controls BSP through his indirect ownership of membership interests of BSP and as Chief Executive Officer of BSP's sole managing member. As a result, each of BSP and Mr. Gahan may be deemed to beneficially own the securities held by the BSP Funds. Each reporting person disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. Pursuant to a stockholders agreement between the Issuer and certain holders party thereto, BSP has the right to designate a director to the Issuer's board of directors. Brent S. Buckley currently serves as BSP's designee.