James H. Walter - Sep 1, 2022 Form 4 Insider Report for Permian Resources Corp (PR)

Role
Co-Chief Executive Officer, Director
Signature
/s/ Chad W. MacDonald, Attorney-in-fact
Stock symbol
PR
Transactions as of
Sep 1, 2022
Transactions value $
$0
Form type
4
Date filed
9/6/2022, 09:17 PM
Next filing
Feb 13, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PR Common Units Award +14.5M 14.5M Sep 1, 2022 Class A Common Stock 14.5M Direct F1, F2
transaction PR Common Units Award +2.99M 2.99M Sep 1, 2022 Class A Common Stock 2.99M By Investment Partnership F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities were acquired in connection with the business combination of Centennial Resource Development, Inc. a Delaware corporation ("Centennial") and Colgate Energy Partners III, LLC ("Colgate") pursuant to that certain Business Combination Agreement, dated as of May 19, 2022 (the "Business Combination Agreement"), by and among Centennial, Centennial Resource Production, LLC, a Delaware limited liability company ("CRP"), Colgate, and, solely for purposes of the specified provisions therein, Colgate Energy Partners III MidCo, LLC, a Delaware limited liability company, pursuant to which CRP merged with and into Colgate (the "Merger"), with CRP surviving the Merger and continuing as a subsidiary of Centennial. Upon consummation of the Merger, Centennial was renamed Permian Resources Corporation (the "Company") and CRP was renamed Permian Resources Operating, LLC ("OpCo").
F2 At the request of the reporting person, each Common Unit of OpCo and a corresponding share of Class C common stock of the Company may be redeemed for newly-issued shares of Class A common stock of the Company on a one-for-one basis. The Common Units do not expire.
F3 2,989,989 Common Units, along with an equal number of corresponding shares of Class C common stock, are held directly by Bedford Family Partners, L.P., an investment partnership controlled by the reporting person.