Home > Insider Trading > Filing (0001181431-11-056994)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1524769	Chesapeake Granite Wash Trust	CHKR	Crude Petroleum & Natural Gas (1311)	456355635

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
895126	Chesapeake Energy Corp	6100 N. Western Avenue Oklahoma City OK 73118		No	No	Yes	No
1226474	Chesapeake Exploration Llc	6100 N. Western Avenue Oklahoma City OK 73118		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	2011-11-16	12,062,500	$0.00	12,062,500	No	4	P	Indirect	See Explanation of Responses

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Explanation of Responses

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	2011-11-16	11,687,500	$0.00	11,687,500	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
11,687,500			No	4	P	Indirect

Footnotes

This form is filed jointly by Chesapeake Energy Corporation, an Oklahoma corporation ("Chesapeake"), and Chesapeake Exploration, L.L.C., an Oklahoma limited liability company and wholly owned subsidiary of Chesapeake ("Chesapeake Exploration"). Chesapeake owns the Common Units and the Subordinated Units indirectly through Chesapeake Exploration.
On November 16, 2011, in connection with a registered public offering by the Issuer of its Common Units, Chesapeake Exploration conveyed royalty interests in certain of its oil and natural gas properties located in the Colony Granite Wash in Washita County, Oklahoma to the Issuer in exchange for 12,062,500 Common Units of the Issuer and 11,687,500 Subordinated Units of the Issuer and approximately $356,250,000 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 the satisfaction by Chesapeake of its drilling obligation with respect to the Development Wells set forth in that certain Development Agreement, dated as of November 16, 2011, by and among Chesapeake, Chesapeake Exploration and the Issuer, which drilling obligation must be satisfied no later than June 30, 2016.