Page 11 of 17 – SEC Filing
Explanatory Note
This Amendment No. 3 to the statement on Schedule 13D amends and supplements the statement on Schedule 13D filed by the Reporting Persons on March 8, 2017, Amendment No. 1 filed by the Reporting Persons on March 23, 2017, and Amendment No. 2 filed by the Reporting Persons on May 4, 2017 (as amended, the Original Schedule 13D, and together with this Amendment No. 3, the Schedule 13D). Terms defined in the Original Schedule 13D are used herein as so defined.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 of the Original Schedule 13D is hereby amended to add the following:
Between May 18, 2017 and May 23, 2017, the Purchasers purchased an aggregate of 1,847,262 shares of Common Stock in the open market for an aggregate purchase price of approximately $2,178,742.07, including brokerage commissions. The purchase of such shares of Common Stock in the open market was financed with cash on hand from contributions of partners of the Purchasers. Below is a table identifying each purchase made during that period:
| Date of Transaction |
| Ares Investment Vehicle |
| Shares Purchased |
| Price per Share(*) |
| Aggregate Purchase |
| ||
| May 18, 2017 |
| AF V Energy I AIV A1 L.P. |
| 20,340 |
| $ | 1.1117 |
| $ | 22,611.98 |
|
| May 18, 2017 |
| AF V Energy I AIV A2 L.P. |
| 20,157 |
| $ | 1.1117 |
| $ | 22,408.54 |
|
| May 18, 2017 |
| AF V Energy I AIV A3 L.P. |
| 20,181 |
| $ | 1.1117 |
| $ | 22,435.22 |
|
| May 18, 2017 |
| AF V Energy I AIV A4 L.P. |
| 20,288 |
| $ | 1.1117 |
| $ | 22,554.17 |
|
| May 18, 2017 |
| AF V Energy I AIV A5 L.P. |
| 20,392 |
| $ | 1.1117 |
| $ | 22,669.79 |
|
| May 18, 2017 |
| AF V Energy I AIV A6 L.P. |
| 20,264 |
| $ | 1.1117 |
| $ | 22,527.49 |
|
| May 18, 2017 |
| AF V Energy I AIV A7 L.P. |
| 19,818 |
| $ | 1.1117 |
| $ | 22,031.82 |
|
| May 18, 2017 |
| AF V Energy I AIV A8 L.P. |
| 20,079 |
| $ | 1.1117 |
| $ | 22,321.82 |
|
| May 18, 2017 |
| AF V Energy I AIV A9 L.P. |
| 20,340 |
| $ | 1.1117 |
| $ | 22,611.98 |
|
| May 18, 2017 |
| AF V Energy I AIV A10 L.P. |
| 20,340 |
| $ | 1.1117 |
| $ | 22,611.98 |
|
| May 18, 2017 |
| AF V Energy I AIV A11 L.P. |
| 20,079 |
| $ | 1.1117 |
| $ | 22,321.82 |
|
| May 18, 2017 |
| AF V Energy I AIV A12 L.P. |
| 19,818 |
| $ | 1.1117 |
| $ | 22,031.67 |
|
| May 18, 2017 |
| AF V Energy I AIV A13 L.P. |
| 23,886 |
| $ | 1.1117 |
| $ | 26,554.07 |
|
| May 18, 2017 |
| AF V Energy I AIV B1 L.P. |
| 143,422 |
| $ | 1.1117 |
| $ | 159,442.24 |
|
| May 19, 2017 |
| AF V Energy I AIV A1 L.P. |
| 20,340 |
| $ | 1.1644 |
| $ | 23,683.90 |
|
| May 19, 2017 |
| AF V Energy I AIV A2 L.P. |
| 20,157 |
| $ | 1.1644 |
| $ | 23,470.81 |
|
| May 19, 2017 |
| AF V Energy I AIV A3 L.P. |
| 20,181 |
| $ | 1.1644 |
| $ | 23,498.76 |
|
| May 19, 2017 |
| AF V Energy I AIV A4 L.P. |
| 20,288 |
| $ | 1.1644 |
| $ | 23,623.35 |
|
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