Sec Form 13G Filing - TPG Group Holdings (SBS) Advisors Inc. filing for MAGNOLIA OIL & GAS CORP (MGY) - 2020-02-13

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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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 
 

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934 

(Amendment No. 2)*

 

Magnolia Oil & Gas Corporation


(Name of Issuer)

 

Class A Common Stock, par value $0.0001 per share 


(Title of Class of Securities)

 

559663109


(CUSIP Number)

 

December 31, 2019


(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed: 

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

 

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

CUSIP No. 559663109

13G

Page 2 of 9

1

NAME OF REPORTING PERSON

 

TPG Group Holdings (SBS) Advisors, Inc.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ☐

 

(b) ☐

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware



NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

5

SOLE VOTING POWER

- 0 -

6

SHARED VOTING POWER

- 0 -

7

SOLE DISPOSITIVE POWER

 

- 0 -

8

SHARED DISPOSITIVE POWER

- 0 -

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

- 0 -

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

0%

12

TYPE OF REPORTING PERSON


CO

 

 

 

 

 

 

 

 

 

CUSIP No. 559663109

13G

Page 3 of 9

1

NAME OF REPORTING PERSON

 

David Bonderman

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ☐

 

(b) ☐

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

United States



NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

5

SOLE VOTING POWER

624,355

6

SHARED VOTING POWER

- 0 -

7

SOLE DISPOSITIVE POWER

 

624,355

8

SHARED DISPOSITIVE POWER

- 0 -

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

624,355

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

0.4% (1)

12

TYPE OF REPORTING PERSON


IN

 

 

 

 

 

 

(1) The calculation assumes that there is a total of 167,280,858 shares of Class A Common Stock (as defined below) outstanding, as reported on the Issuer’s (as defined below) Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the “Commission”) on November 5, 2019.

 

 

 

CUSIP No. 559663109

13G

Page 4 of 9

1

NAME OF REPORTING PERSON

 

James G. Coulter

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ☐

 

(b) ☐ 

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

United States



NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

5

SOLE VOTING POWER

784,868

6

SHARED VOTING POWER

- 0 -

7

SOLE DISPOSITIVE POWER

 

784,868

8

SHARED DISPOSITIVE POWER

- 0 -

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

784,868

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

0.5% (2)

12

TYPE OF REPORTING PERSON


IN

 

 

 

 

 

 

(2) The calculation assumes that there is a total of 167,280,858 shares of Class A Common Stock outstanding, as reported on the Issuer’s Quarterly Report on Form 10-Q filed with the Commission on November 5, 2019.

 

 

 

 

Item 1

 

(a).

Name of Issuer:

 

Magnolia Oil & Gas Corporation (the “Issuer”)

Item 1

 

(b).

Address of Issuer’s Principal Executive Offices:

 

1001 Fannin Street, Suite 400

Houston, Texas 77002

 
Item 2 (a).

Name of Person Filing:

 

This Amendment No. 2 to Schedule 13G is being filed jointly by TPG Group Holdings (SBS) Advisors, Inc., a Delaware corporation (“Group Advisors”), David Bonderman and James G. Coulter (each, a “Reporting Person” and, together, the “Reporting Persons”), pursuant to an Agreement of Joint Filing incorporated by reference herein in accordance with Rule 13d-1(k)(1) under the Act.

 

Group Advisors is the sole member of TPG Group Holdings (SBS) Advisors, LLC, a Delaware limited liability company, which is the general partner of TPG Group Holdings (SBS), L.P., a Delaware limited partnership, which is the sole shareholder of TPG Holdings III-A, Inc., a Cayman corporation, which is the general partner of TPG Holdings III-A, L.P., a Cayman limited partnership, which is the general partner of TPG Holdings III, L.P., a Delaware limited partnership, which is the sole member of TPG Pace Governance, LLC, a Delaware limited liability company, which was the managing member of TPG Pace Energy Sponsor Successor, LLC, a Delaware limited liability company, and TPG Pace Energy Sponsor Successor 2, LLC, a Delaware limited liability company. Each of TPG Pace Governance, LLC, TPG Pace Energy Sponsor Successor, LLC and TPG Pace Energy Sponsor Successor 2, LLC (collectively, the “TPG Vehicles”) directly held shares of Class A Common Stock.

 

Because of Group Advisors’ relationship to the TPG Vehicles, Group Advisors may have been deemed to have beneficially owned the shares of Class A Common Stock held by the TPG Vehicles. David Bonderman and James G. Coulter are sole shareholders of Group Advisors and may therefore have been deemed to have beneficially owned the shares of Class A Common Stock held by the TPG Vehicles. Messrs. Bonderman and Coulter disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein.

 

Mr. Bonderman holds directly or indirectly 624,355 shares of Class A Common Stock, and Mr. Coulter holds directly or indirectly 784,868 shares of Class A Common Stock.

Item 2 (b).

Address of Principal Business Office or, if none, Residence:

 

The principal business address of each of the Reporting Persons is as follows:

 

c/o TPG Global, LLC

301 Commerce Street, Suite 3300

Fort Worth, Texas 76102

Item 2 (c). Citizenship:
See responses to Item 4 on each cover page.

 

Page 5 of 9 

 

Item 2

(d).

Title of Class of Securities:
Class A Common Stock, $0.0001 par value (“Class A Common Stock”)

Item 2

(e).

CUSIP Number:
559663109

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

 

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

 

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

 

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

 

(e)

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

(f)

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

(g)

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

 

(h)

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

(j)

A non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J);

 

(k)

Group, in accordance with Rule 13d–1(b)(1)(ii)(K).

 

If filing as a non-U.S. institution in accordance with

§ 240.13d–1(b)(1)(ii)(J), please specify the type of institution:____________________________

 

Item 4.

Ownership


(a) AMOUNT BENEFICIALLY OWNED:

 

See responses to Item 9 on each cover page.

 

(b) PERCENT OF CLASS:

 

See responses to Item 11 on each cover page.

 

(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:

 

(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE 

 

Page 6 of 9 

 

See responses to Item 5 on each cover page.

 

(ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE

 

See responses to Item 6 on each cover page.

 

(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF

 

 See responses to Item 7 on each cover page.

 

(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF

 

See responses to Item 8 on each cover page. 

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  ☒.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not Applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

See response to Item 2(a) above.

Item 8.

Identification and Classification of Members of the Group

Not Applicable.

Item 9.

Notice of Dissolution of Group

Not Applicable.

Item 10.

Certifications

Not Applicable.

 

Page 7 of 9 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: February 13, 2020

 

 

 

 

TPG Group Holdings (SBS) Advisors, Inc.

 

 

 

 

By:

 

 

Name:  Michael LaGatta

 

Title: Vice President

 

 

 

 

David Bonderman

 

 

 

 

By:

 

 

Name:  Bradford Berenson, on behalf of David Bonderman (3)

 

 

 

James G. Coulter

 

 

 

 

By:

 

 

Name:  Bradford Berenson, on behalf of James G. Coulter (4)

 

(3) Bradford Berenson is signing on behalf of Mr. Bonderman pursuant to an authorization and designation letter dated March 13, 2018, which was previously filed with the Commission as an exhibit to a Schedule 13G filed by Mr. Bonderman on April 2, 2018 (SEC File No. 005-90172).

 

(4) Bradford Berenson is signing on behalf of Mr. Coulter pursuant to an authorization and designation letter dated March 13, 2018, which was previously filed with the Commission as an exhibit to a Schedule 13G filed by Mr. Coulter on April 2, 2018 (SEC File No. 005-90172).

 

Page 8 of 9 

 

 

Exhibit Index

 

Exhibit 1

Agreement of Joint Filing as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934.*

 

 

 

* Incorporated herein by reference to the Agreement of Joint Filing by TPG Advisors II, Inc., TPG Advisors III, Inc., TPG Advisors V, Inc., TPG Advisors VI, Inc., T3 Advisors, Inc., T3 Advisors II, Inc., TPG Group Holdings (SBS) Advisors, Inc., David Bonderman and James G. Coulter, dated as of February 14, 2011, which was previously filed with the Commission as Exhibit 1 to Schedule 13G filed by TPG Group Holdings (SBS) Advisors, Inc., David Bonderman and James G. Coulter on February 14, 2011.

 

Page 9 of 9