Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Filing Details

Accession Number:
Form Type:
Zero Holdings:
Publication Time:
2011-04-12 17:39:24
Reporting Period:
Filing Date:
Accepted Time:
2011-04-12 17:39:24
SEC Url:
Form 4 Filing
Cik Name Symbol Sector (SIC) IRS No
1509228 Sandridge Mississippian Trust I SDT Crude Petroleum & Natural Gas (1311) 276990649
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1349436 Sandridge Energy Inc 123 Robert S. Kerr Avenue
Oklahoma City OK 73102-6406
No 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 Units Of Beneficial Interest Acquisiton 2011-04-12 3,750,000 $0.00 3,750,000 No 4 P Indirect By SandRidge Exploration and Production, LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By SandRidge Exploration and Production, LLC
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Units Of Beneficial Interest Subordinated Units of Beneficial Interest Acquisiton 2011-04-12 7,000,000 $0.00 7,000,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
7,000,000 No 4 P Indirect
  1. On April 12, 2011, in connection with a registered public offering by the Issuer of its Common Units, SandRidge Exploration and Production, LLC, a Delaware limited liability company and wholly owned subsidiary of SandRidge Energy, Inc., conveyed royalty interests in certain of its oil and natural gas properties located in Alfalfa, Garfield, Major, Grant and Woods Counties in Oklahoma to the Issuer in exchange for 3,750,000 Common Units of the Issuer, 7,000,000 Subordinated Units of the Issuer and $338,700,000 in cash.
  2. The Subordinated Units will automatically convert into Common Units on a one-for-one basis at the end of the fourth full calendar quarter following the satisfaction by SandRidge Energy, Inc. of its drilling obligation under the Development Agreement, dated as of April 12, 2011, which drilling obligation must be satisfied no later than December 31, 2015.