13D Filing: Fir Tree and Ultra Petroleum Corp (UPL)

Page 3 of 5 – SEC Filing

This Amendment No. 1 (“Amendment No. 1“) amends the statement on Schedule 13D filed with the Securities and Exchange Commission (the “SEC“) on August 10, 2017 (the “Original Schedule 13D“, and as amended hereby, the “Schedule 13D“) with respect to the common shares, no par value per share (the “Common Shares“), of Ultra Petroleum Corp., a Canadian corporation (the “Issuer“).  Capitalized terms used herein and not otherwise defined in this Amendment No. 1 have the meanings set forth in the Original Schedule 13D.  This Amendment amends Items 3 and 5 as set forth below.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

Item 3 of the Schedule 13D is hereby amended and restated as follows:

The Reporting Person used a total of approximately $232,585,107.26 to
acquire the Common Shares reported in this Schedule 13D. The source of the funds used to acquire the Common Shares reported herein
is the working capital of Fir Tree Funds.

Item 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Schedule 13D is hereby amended and restated, as follows:
(a) See rows (11) and (13) of the cover pages to this Schedule 13D for the aggregate number of Common Shares and percentages of the Common Shares beneficially owned by the Reporting Person.  The percentage used in this Schedule 13D is calculated based upon 196,315,182 Common Shares outstanding as of August 2, 2017 as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2017 filed with the SEC on August 9, 2017.
(b) See rows (7) through (10) of the cover pages to this Schedule 13D for the number of Common Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
(c)  The transactions in the Common Shares since the filing of Amendment No. 1 by the Reporting Person, which were all in the open market, are set forth in Schedule A, and are incorporated herein by reference
(d) No person other than the Reporting Person and the Fir Tree Funds is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Common Shares held by the Fir Tree Funds.
(e) Not applicable.

 

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