13D Filing: Discovery Capital Management and Peabody Energy Corp (BTU)

Transactions by Discovery Capital Management and Robert K. Citrone

not otherwise described above

(1) On April 3, 2017, the Reporting Persons acquired Common Stock, $0.01 par value, Series A Convertible Preferred Stock and Warrants in connection with the Debtors’ Second Amended Joint Plan of Reorganization of Debtors and Debtors in Possession as revised March 15, 2017.

(2) Each Warrant is exercisable at a price of $0.01 and expires on July 3, 2017.

(3) On April 3, 2017, the Reporting Persons converted Series A Convertible Preferred Stock to Common Stock, $0.01 par value at an exercise price of $16.25 per share, subject to adjustment as set forth in the Certificate of Designation attached as Exhibit 3.2 to the Issuer’s Form 8-K filed on April 3, 2017.  Each share of Series A Convertible Preferred Stock converted to approximately 1.975 shares of Common Stock, $0.01 par value.

(4) On April 5, 2017, the Reporting Persons exercised Warrants to purchase shares of Common Stock, $0.01 par value. Each Reporting Person paid the exercise price on a cashless basis, resulting in the Issuer’s withholding of shares to pay the exercise price and issuing the Reporting Person the remaining shares.