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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1521168	Sandridge Permian Trust	PER	Crude Petroleum & Natural Gas (1311)	456276683

Insiders

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 Representing Beneficial Interests	Acquisiton	2011-08-16	4,875,000	$0.00	4,875,000	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 Representing Beneficial Interests	Subordinated Units representing Beneficial Interests	Acquisiton	2011-08-16	13,125,000	$0.00	13,125,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
13,125,000			No	4	P	Indirect

Footnotes

On August 16, 2011, in connection with a registered public offering by the Issuer of its Common Units, SandRidge Exploration and Production, LLC ("SandRidge E&P"), a Delaware limited liability company and wholly owned subsidiary of SandRidge Energy, Inc. ("SandRidge"), conveyed royalty interests in certain of its oil and natural gas properties located in the Permian Basin in Andrews County, Texas to the Issuer in exchange for 4,875,000 Common Units of the Issuer, 13,125,000 Subordinated Units of the Issuer and approximately $584 million in cash.
The Subordinated Units listed in Table II will automatically convert into Common Units on a one-for-one basis at the end of the fourth full calendar quarter following SandRidge's satisfaction of its drilling obligation with respect to the Development Wells set forth in that certain Development Agreement, dated as of August 16.2011, by and among SandRidge, SandRidge E&P and the Issuer, which drilling obligation must be satisfied no later than March 31, 2016.