Key Energy Services Inc (KEG): Contrarian Capital Reports 11.8% Passive Stake

Page 5 of 8 – SEC Filing

(e) ☐ Investment adviser in accordance with
§ 240.13d-1(b)(1)(ii)(E);

(f) ☐ Employee benefit plan or endowment fund
in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) ☐ Parent holding company or control person
in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) ☐ Savings association as defined in Section
3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) ☐ Church plan that is excluded from the
definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) ☐ Non-U.S. institution in accordance with
§ 240.13d-1(b)(1)(ii)(J);

(k) ☐ Group, in accordance with § 240.13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with
§ 240.13d-1(b)(1)(ii)(J), please specify the type of institution: _______________

 

Item
4. Ownership

(a)

Amount beneficially owned:

Contrarian Capital Management, L.L.C.: 2,376,935

    Contrarian Capital Fund I, L.P.: 1,135,907

(b)

Percent of class:

Contrarian Capital Management, L.L.C.: 11.8%

     Contrarian Capital Fund I, L.P.: 5.7%

(c)

Number of shares as to which Contrarian Capital Management, L.L.C. has:

(i)

Sole power to vote or to direct the vote: 0

(ii)

Shared power to vote or to direct the vote: 2,376,935

(iii)

Sole power to dispose or to direct the disposition of: 0

(iv)

Shared power to dispose or to direct the disposition of: 2,376,935

Number of shares as to which Contrarian Capital Fund I, L.P. has:

(i)

Sole power to vote or to direct the vote: 0

(ii)

Shared power to vote or to direct the vote: 1,135,907

(iii)

Sole power to dispose or to direct the disposition of: 0

(iv)

Shared power to dispose or to direct the disposition of: 1,135,907

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