13D Filing: Omega Advisors and Atlas Energy Group Llc (NYSE:ATLS)

CUSIP No. 04929Q102

13D

Page 2 of 5 Pages

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Leon G. Cooperman

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)

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(b)

☒

3

SEC USE ONLY

4

SOURCE OF FUNDS (SEE INSTRUCTIONS)

WC

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

☐

6

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

NUMBER OF COMMON UNITS BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

7

SOLE VOTING POWER

3,136,144

8

SHARED VOTING POWER

0

9

SOLE DISPOSITIVE POWER

3,136,144

10

SHARED DISPOSITIVE POWER

0

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

3,136,144 Common Units. This includes 2,571,659 that may be acquired by Leon G. Cooperman upon conversion of 822,931 of the Issuer’s Series A Preferred Units.  This also includes 564,455 Common Units that may be acquired by the Foundation after April 27, 2016, under the Second Lien Credit Agreement in which the Foundation (as defined below) participated, by the exercise of a Warrant to purchase the Common Units for $.20 per Common Unit subject to customary anti-dilution provisions.

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)

☐

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

10.75%  (Based upon 26,037,992 Common Units outstanding, as set forth in the Issuer’s Form 10-Q , plus 822,931 of the Issuer’s Series A Preferred Units that are convertible into 2,571,659 Common Units and 564,455 Common Units pursuant to the exercise of the Warrant.)

14

TYPE OF REPORTING PERSON (see instructions)

IN