Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 13)*
SANCHEZ PRODUCTION PARTNERS, LLC
(Name of Issuer)
Common Units Representing Class B Limited Liability Company Interests
(Title of Class of Securities)
21038E 10 1
(CUSIP Number)
Casey Bigelow
210 Park Avenue
Oklahoma City, OK 73102
(405) 600-7704
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
October 29, 2014
(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 §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨
CUSIP No. 21038E 10 1 | Page 2 of 14 |
1 | NAME OF REPORTING PERSON
PostRock Energy Corporation | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) ¨ | |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
¨ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER:
1,398,795 common units | ||||
8 | SHARED VOTING POWER:
0 | |||||
9 | SOLE DISPOSITIVE POWER:
1,398,795 common units | |||||
10 | SHARED DISPOSITIVE POWER:
0 | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
1,398,795 common units | |||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.915%* | |||||
14 | TYPE OF REPORTING PERSON
CO (Corporation) |
* | The calculations in this Schedule 13D are based on the Issuers disclosure in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2014, that 28,462,185 shares of Class B limited liability company interests were outstanding as of June 30, 2014. |
CUSIP No. 21038E 10 1 | Page 3 of 14 |
1 | NAME OF REPORTING PERSON
Constellation Energy Partners Management, LLC | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) ¨ | |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
¨ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER:
1,398,795 common units | ||||
8 | SHARED VOTING POWER:
0 | |||||
9 | SOLE DISPOSITIVE POWER:
1,398,795 common units | |||||
10 | SHARED DISPOSITIVE POWER:
0 | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
1,398,795 common units | |||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.915% | |||||
14 | TYPE OF REPORTING PERSON
OO (Limited liability company) |
CUSIP No. 21038E 10 1 | Page 4 of 14 |
1 | NAME OF REPORTING PERSON
White Deer Energy L.P. | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) ¨ | |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
¨ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER:
0 | ||||
8 | SHARED VOTING POWER:
1,398,795 common units | |||||
9 | SOLE DISPOSITIVE POWER:
0 | |||||
10 | SHARED DISPOSITIVE POWER:
1,398,795 common units | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
1,398,795 common units | |||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.915% | |||||
14 | TYPE OF REPORTING PERSON
PN (Limited Issuer) |
CUSIP No. 21038E 10 1 | Page 5 of 14 |
1 | NAME OF REPORTING PERSON
White Deer Energy TE L.P. | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) ¨ | |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | td> | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
¨ | ||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER:
0 | ||||
8 | SHARED VOTING POWER:
1,398,795 common units | |||||
9 | SOLE DISPOSITIVE POWER:
0 | |||||
10 | SHARED DISPOSITIVE POWER:
1,398,795 common units | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
1,398,795 common units | |||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.915% | |||||
14 | TYPE OF REPORTING PERSON
PN (Limited Issuer) |
CUSIP No. 21038E 10 1 | Page 6 of 14 |
1 | NAME OF REPORTING PERSON
White Deer Energy FI L.P. | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) ¨ | |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
¨ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER:
0 | ||||
8 | SHARED VOTING POWER:
1,398,795 common units | |||||
9 | SOLE DISPOSITIVE POWER:
0 | |||||
10 | SHARED DISPOSITIVE POWER:
1,398,795 common units | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
1,398,795 common units | |||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.915% | |||||
14 | TYPE OF REPORTING PERSON
PN (Limited Issuer) |
CUSIP No. 21038E 10 1 | Page 7 of 14 |
1 | NAME OF REPORTING PERSON
Edelman & Guill Energy L.P. | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) ¨ | |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
¨ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER:
0 | ||||
8 | SHARED VOTING POWER:
1,398,795 common units | |||||
9 | SOLE DISPOSITIVE POWER:
0 | |||||
10 | SHARED DISPOSITIVE POWER:
1,398,795 common units | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
1,398,795 common units | |||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.915% | |||||
14 | TYPE OF REPORTING PERSON
PN (Limited Issuer) |
CUSIP No. 21038E 10 1 | Page 8 of 14 |
1 | NAME OF REPORTING PERSON
Edelman & Guill Energy Ltd. | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) ¨ | |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
¨ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER:
0 | ||||
8 | SHARED VOTING POWER:
1,398,795 common units | |||||
9 | SOLE DISPOSITIVE POWER:
0 | |||||
10 | SHARED DISPOSITIVE POWER:
1,398,795 common units | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
1,398,795 common units | |||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.915% | |||||
14 | TYPE OF REPORTING PERSON
CO |
CUSIP No. 21038E 10 1 | Page 9 of 14 |
1 | NAME OF REPORTING PERSON
Thomas J. Edelman | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) ¨ | |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
¨ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER:
0 | ||||
8 | SHARED VOTING POWER:
1,398,795 common units | |||||
9 | SOLE DISPOSITIVE POWER:
0 | |||||
10 | SHARED DISPOSITIVE POWER:
1,398,795 common units | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
1,398,795 common units | |||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.915% | |||||
14 | TYPE OF REPORTING PERSON
IN |
CUSIP No. 21038E 10 1 | Page 10 of 14 |
1 | NAME OF REPORTING PERSON
Ben A. Guill | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) ¨ | |||||
3 | SEC USE ONLY
| |||||
0;4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
¨ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER:
0 | ||||
8 | SHARED VOTING POWER:
1,398,795 common units | |||||
9 | SOLE DISPOSITIVE POWER:
0 | |||||
10 | SHARED DISPOSITIVE POWER:
1,398,795 common units | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
1,398,795 common units | |||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.915% | |||||
14 | TYPE OF REPORTING PERSON
IN |
CUSIP No. 21038E 10 1 | Page 11 of 14 |
SCHEDULE 13D
Explanatory Note: This Amendment No. 13 amends and supplements the Statement on Schedule 13D (the Initial Statement), filed by the reporting persons named in Item 2 thereof (the Reporting Persons) on August 18, 2011, as amended by Amendments No. 1, No. 2, No. 3, No. 4, No. 5, No. 6, No. 7, No. 8, No. 9, No. 10, No. 11, and No. 12 thereto, relating to the Class B limited liability company interests (the Common Units) of Sanchez Production Partners, LLC (the Issuer) and to correct an error in Amendment No. 12 to the transactions listed in the table below. In Amendment No. 12, the sale of 3,648 Common Units at an average price of $3.95 on 9/9/2014 was not reported.
Item 1. | Security and Issuer. |
This Statement is being filed with respect to the Common Units of the Issuer. The address of the principal executive offices of the Issuer is 1801 Main Street, Suite 1300, Houston, Texas 77002.
Item 5. | Interest in Securities of the Issuer. |
Item 5 of the Initial Statement is hereby supplemented as follows:
(a) (b) (i) Constellation Energy Partners Management, LLC, a Delaware limited liability company (CEPM) is the sole record owner of 1,398,795 Common Units of the Issuer (representing 4.915% of the outstanding Common Units).
(ii) | PostRock Energy Corporation (PostRock) does not directly own any Common Units. By virtue of being the sole member of CEPM, PostRock may be deemed to possess sole voting and dispositive power with respect to the 1,398,795 Common Units of the Issuer (representing 4.915% of the outstanding Common Units) owned of record by CEPM. |
(iii) | White Deer Energy L.P., a Cayman Islands exempted limited partnership (White Deer), White Deer Energy TE L.P., a Cayman Islands exempted limited partnership (White Deer TE), White Deer Energy FI L.P., a Cayman Islands exempted limited partnership (White Deer FI and, collectively with White Deer and White Deer TE, the White Deer Funds do not directly own any Common Units. The White Deer Funds, in the aggregate, may be deemed to beneficially own approximately 68.2% of the shares of PostRock common stock outstanding on a pro forma basis. In addition, the White Deer Funds are entitled to designate up to three directors for nomination by PostRocks board of directors for so long as the White Deer Funds own 25% or more of the shares of PostRock common stock. By virtue of these relationships, the White Deer Funds, who have, together with Edelman & Guill Energy L.P., a Cayman Islands exempted limited partnership (GP LP) and Edelman & Guill Energy Ltd., a Cayman Islands corporation (GP Ltd.) formed a group as defined in Section 13(d)(3) with respect to the shares of PostRock common stock owned by such persons, may be deemed to possess shared voting and dispositive power with respect to the 1,398,795 Common Units of the Issuer (representing 4.915% of the outstanding Common Units) owned of record by CEPM. |
(iv) | GP LP does not directly own any Common Units. By virtue of being the general partner of the White Deer Funds, GP LP may be deemed to possess shared voting and dispositive power with respect to the 1,398,795 Common Units of the Issuer (representing 4.915% of the outstanding Common Units) owned of record by CEPM. |
(v) | GP Ltd. does not directly own any Common Units. By virtue of being the general partner of the GP LP, GP Ltd. may be deemed to possess shared voting and dispositive power with respect to the 1,398,795 Common Units of the Issuer (representing 4.915% of the outstanding Common Units) owned of record by CEPM. |
(vi) | Neither Mr. Edelman nor Mr. Guill directly owns any Common Units. By virtue of being the two directors of GP Ltd., Mr. Edelman and Mr. Guill may be deemed to possess shared voting and dispositive power with respect to the 1,398,795 Common Units of the Issuer (representing 4.915% of the outstanding Common Units) owned of record by CEPM. |
CUSIP No. 21038E 10 1 | Page 12 of 14 |
(c) | Since the filing of Amendment No. 12, various transactions have occurred, none of which individually constituted an increase or decrease in excess of 1% of the outstanding class of Common Units beneficially by the Reporting Persons, however, the aggregate change in beneficial ownership decreased by more than 1% through multiple sales in the open market, in each case as described below. |
Date |
Number of Shares |
Price Per Share |
||||||
9/2/2014 |
98,505 | $ | 3.9517 | |||||
9/3/2014 |
10,291 | $ | 3.9573 | |||||
9/4/2014 |
95 | $ | 3.9500 | |||||
9/5/2014 |
19,340 | $ | 3.9500 | |||||
9/8/2014 |
11,900 | $ | 3.9500 | |||||
9/9/2014 |
3,648 | $ | 3.9500 | |||||
9/10/2014 |
32,426 | $ | 3.9933 | |||||
9/17/2014 |
32,000 | $ | 3.8109 | |||||
9/18/2014 |
18,000 | $ | 3.8257 | |||||
10/28/2014 |
150,000 | $ | 2.5000 | |||||
10/29/2014 |
50,000 | $ | 2.6000 |
(d) | Except as otherwise described herein, no other person other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds of sale of, the Common Units described in this Item 5. |
(e) | Not applicable. |
Item 7. | Material to be Filed as Exhibits. |
Exhibit A* | Joint Filing Agreement. | |
Exhibit B* | Purchase Agreement, dated December 19, 2011, by and among PostRock Energy Corporation, Constellation Energy Partners Management, LLC, Constellation Energy Commodities Group, Inc. and Constellation Energy Partners Holdings, LLC. | |
Exhibit C* | Power of Attorney, granted by Ben A. Guill, in favor of the signatory hereto, dated June 25, 2012. |
* | Previously filed. |
CUSIP No. 21038E 10 1 | Page 13 of 14 |
SIGNATURES
After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
October 29, 2014
POSTROCK ENERGY CORPORATION | ||||||||
By: | /s/ Stephen L. DeGiusti | |||||||
Name: | Stephen L. DeGiusti | |||||||
Title: | Executive Vice President, General | |||||||
Counsel and Secretary | ||||||||
CONSTELLATION ENERGY PARTNERS MANAGEMENT, LLC | ||||||||
By: | /s/ Stephen L. DeGiusti | |||||||
Name: | Stephen L. DeGiusti | |||||||
Title: | Secretary and Treasurer | |||||||
WHITE DEER ENERGY L.P. | ||||||||
By: | Edelman & Guill Energy L.P., its general partner | |||||||
By: | Edelman & Guill Energy Ltd., its general partner | |||||||
By: | /s/ Thomas J. Edelman | |||||||
Name: | Thomas J. Edelman | |||||||
Title: | Director | |||||||
WHITE DEER ENERGY TE L.P. | ||||||||
By: | Edelman & Guill Energy L.P., its general partner | |||||||
By: | Edelman & Guill Energy Ltd., its general partner | |||||||
By: | /s/ Thomas J. Edelman | |||||||
Name: | Thomas J. Edelman | |||||||
Title: | Director | |||||||
WHITE DEER ENERGY FI L.P. | ||||||||
By: | Edelman & Guill Energy L.P., its general partner | |||||||
By: | Edelman & Guill Energy Ltd., its general partner | |||||||
By: | /s/ Thomas J. Edelman | |||||||
Name: | Thomas J. Edelman | |||||||
Title: | Director |
CUSIP No. 21038E 10 1 | Page 14 of 14 |
EDELMAN & GUILL ENERGY L.P. | ||||||||
By: Edelman & Guill Energy Ltd., its general partner | ||||||||
By: |
/s/ Thomas J. Edelman | |||||||
Name: Thomas J. Edelman | ||||||||
Title: Director | ||||||||
EDELMAN & GUILL ENERGY LTD. | ||||||||
By: |
/s/ Thomas J. Edelman | |||||||
Name: Thomas J. Edelman | ||||||||
Title: Director | ||||||||
THOMAS J. EDELMAN | ||||||||
/s/ Thomas J. Edelman | ||||||||
BEN A. GUILL | ||||||||
/s/ Stephen L. DeGiusti | ||||||||
Attorney-in-Fact for Ben A. Guill |