ANGELO GORDON & CO., L.P. - 14 Sep 2022 Form 4 Insider Report for ABRAXAS PETROLEUM CORP

Reporting relationship: Director by Deputization
Issuer ticker: N/A
Reported as of: 14 Sep 2022
Net transaction value: -$79,998,434
SEC form: 4
Accepted by SEC: 16 Sep 2022, 17:30:19 UTC
Prior SEC filing: 02 Sep 2022
Next SEC filing: 18 Oct 2022
Source filing: View source filing
Reporting owner signature: /s/ Christopher D. Moore, as Attorney-in-Fact for Josh Baumgarten and Adam Schwartz, Managing Members of AG GP LLC, Managing Members of Angelo, Gordon & Co., L.P.

Key filing fact

ANGELO GORDON & CO., L.P. filed Form 4 for ABRAXAS PETROLEUM CORP on 16 Sep 2022.

Key facts

This page summarizes ANGELO GORDON & CO., L.P.'s Form 4 filing for ABRAXAS PETROLEUM CORP.
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 16 Sep 2022, 17:30.

Change

Previous filing in this sequence was filed on 02 Sep 2022.
Current net transaction value: -$79,998,434.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AXAS transaction

Series A Preferred Stock

Sale

Transaction value: $79,998,434
Shares: -685,505
Change %: -100%
Price: $116.70
Shares after: 0
Date: 14 Sep 2022
Ownership: See Footnote
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

ANGELO GORDON & CO., L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 1 footnote

Footnote F1

The shares of Series A Preferred Stock were held directly by AG Energy Funding, LLC ("AG Energy Funding") for which Angelo, Gordon & Co, L.P. ("Angelo Gordon") is the manager. Josh Baumgarten and Adam Schwartz are the co-managing members of AG GP LLC ("AG GP"), which is the sole general partner of Angelo Gordon and Josh Baumgarten and Adam Schwartz are the co-chief executive officers of Angelo Gordon. Each of Josh Baumgarten, Adam Schwartz and AG GP may be deemed to control Angelo Gordon. Each of Angelo Gordon, AG GP, Josh Baumgarten and Adam Schwartz disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein and this report shall not be deemed to be an admission that any of Angelo Gordon, AG GP, Josh Baumgarten or Adam Schwartz is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC remarks

Each of Todd Dittmann, a managing director of Angelo, Gordon & Co, L.P. ("Angelo Gordon") and a member of Angelo Gordon's executive committee, Damon Putman, a managing director of Angelo Gordon's energy investment group, Daniel Baddeloo, a vice president in Angelo Gordon's energy group, and David Roberts, a senior advisor of Angelo Gordon and a member of Angelo Gordon's executive committee and partnership advisory board, is a member of the Board of Directors of Abraxas Petroleum Corporation (the "Issuer"). For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, AG Energy Funding, LLC, Angelo Gordon, AG GP LLC, Josh Baumgarten and Adam Schwartz may be deemed to be directors by deputization of the Issuer due to their relationship with Mr. Dittmann, Mr. Putman, Mr. Baddeloo and Mr. Roberts.