Filing Details

Accession Number:
0000905148-18-000928
Form Type:
13D Filing
Publication Date:
2018-12-14 18:00:29
Filed By:
Chai Trust Co Llc
Company:
Exterran Corp (NYSE:EXTN)
Filing Date:
2018-12-17
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
CHAI TRUST COMPANY 0 4,631,691 0 4,631,691 4,631,691 12.81%
EGI-FUND B 0 1,849,806 0 1,849,806 1,849,806 5.12%
Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549


SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
EXTERRAN CORPORATION
 (Name of Issuer)
Common Stock, par value $0.01 per share
 (Title of Class of Securities)
30227H106
 (CUSIP Number)
Jon Wasserman, Esq.
Joseph Miron, Esq.
Equity Group Investments
2 North Riverside Plaza, Suite 600
Chicago, Illinois 60606
(312) 454-1800
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

December 13, 2018
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [  ]
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 30227H106
SCHEDULE 13D
Page 2 of 7 Pages
 
1
NAMES OF REPORTING PERSONS
 
 
CHAI TRUST COMPANY, LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
 
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
WC
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Illinois
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
0
 
 
 
 
8
SHARED VOTING POWER
 
 
4,631,691
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
4,631,691
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
4,631,691
 
 
 
 
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)
 
 
12.81%
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
 
 
CUSIP No. 30227H106
SCHEDULE 13D
Page 3 of 7 Pages
 
1
NAMES OF REPORTING PERSONS
 
 
EGI-FUND B, L.L.C.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
 
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
WC
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
0
 
 
 
 
8
SHARED VOTING POWER
 
 
1,849,806
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
1,849,806
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
1,849,806
 
 
 
 
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)
 
 
5.12%
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
 
 
CUSIP No. 30227H106
SCHEDULE 13D
Page 4 of 7 Pages
 
Item 1.
Security and Issuer

Item 1 of the Schedule 13D is hereby amended and supplemented as follows:

This Amendment No. 2 to Schedule 13D (“Amendment No. 2”) relates to the common stock, par value $0.01 per share (“Common Stock”) of Exterran Corporation, a Delaware corporation (the “Issuer”) whose principal executive office is located at 4444 Brittmoore Road, Houston, Texas 77041.  This Amendment No. 2 amends and supplements, as set forth below, the Schedule 13D filed by certain of the Reporting Persons with respect to the Issuer on March 10, 2016, as amended by Amendment No. 1 on November 14, 2018 (collectively, the “Schedule 13D”).  All capitalized terms not otherwise defined herein have the meanings ascribed to such terms in the Schedule 13D. The Schedule 13D is amended and supplemented by the information contained herein, and only those items amended are reported herein.

Item 3.
Source and Amount of Funds or Other Consideration

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

Since the filing of Amendment No. 1, Fund C acquired 370,623 shares of Common Stock for a total purchase price of approximately $8,099,458.  The funds used in the acquisition of these shares of Common Stock were obtained from the working capital of Fund C

Item 5.
Interest in Securities of the Issuer

Item 5 of the Schedule 13D is hereby amended and supplemented as follows:

(a) and (b) There were 36,153,310 shares of Common Stock outstanding as of October 30, 2018, as reported by the Issuer on its Form 10-Q for the quarterly period ended September 30, 2018.

As of December 14, 2018, Chai Trust may be deemed to beneficially own a total of 4,631,691 shares of Common Stock, representing approximately 12.81% of the outstanding Common Stock.  This amount includes:  (i) 447,567 shares of Common Stock held by Fund 05-07, which represent approximately 1.24% of the outstanding Common Stock; (ii) 332,327 shares of Common Stock held by Fund 08-10, which represent approximately 0.92% of the outstanding Common Stock; (iii) 908,742 shares of Common Stock held by Fund 11-13, which represent approximately 2.51% of the outstanding Common Stock; (iv) 1,849,806 shares of Common Stock held by Fund B, which represent approximately 5.12% of the outstanding Common Stock; and (v) 1,093,249 shares of Common Stock held by Fund C, which represent approximately 3.02% of the outstanding Common Stock.

(c) A description of the transactions in the Common Stock since the filing of Amendment No. 1 on November 14, 2018, all of which were effected in the open market in routine brokerage transactions, is included in Exhibit E.

(d) Each of Fund 05-07, Fund 08-10, Fund 11-13, Fund B and Fund C has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of shares of, Common Stock owned by each of Fund 05-07, Fund 08-10, Fund 11-13, Fund B or Fund C, respectively.

(e) This Item 5(e) is not applicable.
 
Item 7.
Material to be Filed as Exhibits.

Item 7 of the Schedule 13D is hereby amended and supplemented as follows:

Exhibit E:  Schedule of Transactions, in response to Item 5(c)

CUSIP No. 30227H106
SCHEDULE 13D
Page 5 of 7 Pages
 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
 
 
CHAI TRUST COMPANY, LLC
 
       
       
 
By:
/s/ PHILIP G. TINKLER  
  Name:     Philip G. Tinkler  
  Title: Chief Financial Officer  
       
 
 
EGI-FUND B, L.L.C.
 
       
       
 
By:
/s/ PHILIP G. TINKLER  
  Name:     Philip G. Tinkler  
  Title: Vice President  
       
 
 
December 14, 2018

Attention: Intentional misstatements or omissions of act constitute federal violations (see 18 U.S.C. 1001).
 
 
CUSIP No. 30227H106
SCHEDULE 13D
Page 6 of 7 Pages
 
EXHIBIT E

SCHEDULE OF TRANSACTIONS
 
Name of Account
Date of
Transaction
Nature of
Transaction
Quantity of Shares
Weighted-Average
Price Per Share
Fund C
11/23/2018
Purchase
38,600
$21.9160 (1)
Fund C
11/26/2018
Purchase
28,057
$22.3844 (2)
Fund C
11/27/2018
Purchase
58,247
$22.4753 (3)
Fund C
11/28/2018
Purchase
16,177
$22.4209 (4)
Fund C
11/29/2018
Purchase
25,590
$22.4930 (5)
Fund C
11/30/2018
Purchase
43,812
$22.4460 (6)
Fund C
12/6/2018
Purchase
10,640
$21.2612 (7)
Fund C
12/7/2018
Purchase
50,000
$21.6386 (8)
Fund C
12/10/2018
Purchase
58,500
$21.0018 (9)
Fund C
12/11/2018
Purchase
20,000
$20.8195 (10)
Fund C
12/13/2018
Purchase
21,000
$21.0237 (11)

 

(1)
This price reflects the weighted average purchase price for open-market purchases of shares of Common Stock on November 23, 2018, within a $1.00 range. The actual prices for these transactions range from $21.495 to $22.00, inclusive. The Reporting Persons further undertake to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares of Common Stock purchased at each separate price within the ranges set forth in footnotes (1) through (11) to this Exhibit E.


(2)
This price reflects the weighted average purchase price for open-market purchases of shares of Common Stock on November 26, 2018, within a $1.00 range. The actual prices for these transactions range from $22.26 to $22.50, inclusive.


(3)
This price reflects the weighted average purchase price for open-market purchases of shares of Common Stock on November 27, 2018, within a $1.00 range. The actual prices for these transactions range from $22.41 to $22.50, inclusive.


(4)
This price reflects the weighted average purchase price for open-market purchases of shares of Common Stock on November 28, 2018, within a $1.00 range. The actual prices for these transactions range from $22.29 to $22.50, inclusive.


(5)
This price reflects the weighted average purchase price for open-market purchases of shares of Common Stock on November 29, 2018, within a $1.00 range. The actual prices for these transactions range from $22.47 to $22.50, inclusive.


(6)
This price reflects the weighted average purchase price for open-market purchases of shares of Common Stock on November 30, 2018, within a $1.00 range. The actual prices for these transactions range from $22.20 to $22.50, inclusive.


(7)
This price reflects the weighted average purchase price for open-market purchases of shares of Common Stock on December 6, 2018, within a $1.00 range. The actual prices for these transactions range from $20.95 to $21.55, inclusive


(8)
This price reflects the weighted average purchase price for open-market purchases of shares of Common Stock on December 7, 2018, within a $1.00 range. The actual prices for these transactions range from $21.32 to $22.00, inclusive


CUSIP No. 30227H106
SCHEDULE 13D
Page 7 of 7 Pages
 


(9)
This price reflects the weighted average purchase price for open-market purchases of shares of Common Stock on December 10, 2018, within a $1.00 range. The actual prices for these transactions range from $20.60 to $21.30, inclusive

  (10)
This price reflects the weighted average purchase price for open-market purchases of shares of Common Stock on December 11, 2018, within a $1.00 range. The actual prices for these transactions range from $20.70 to $21.06, inclusive.

  (11)
This price reflects the weighted average purchase price for open-market purchases of shares of Common Stock on December 13, 2018, within a $1.00 range. The actual prices for these transactions range from $20.935 to $21.05, inclusive.