Filing Details
- Accession Number:
- 0001104659-22-113055
- Form Type:
- 13D Filing
- Publication Date:
- 2022-10-30 20:00:00
- Filed By:
- Permianville Holdings Llc
- Company:
- Permianville Royalty Trust (NYSE:PVL)
- Filing Date:
- 2022-10-31
- SEC Url:
- 13D Filing
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 |
|---|---|---|---|---|---|---|
| Permianville Holdings | 8,199,456 | 0 | 8,199,456 | 0 | 8,199,456 | 24.8% |
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Permianville
Royalty Trust
(Name of Issuer)
Trust
Units
(Title of Class of Securities)
29269K
100
(CUSIP Number)
Matthew
Rymer
Cross Ocean Partners Management LP
20 Horseneck Lane
Greenwich, CT 06830
203-340-7850
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
October 27,
2022
(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 disclosures provided in a prior cover page.
The information required on 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).
| 1 | Name of Reporting Persons
Permianville Holdings LLC | |||
| 2 | Check The Appropriate Box if A Member of a Group (See Instructions) (a) ¨ (b) ¨
| |||
| 3 | SEC Use Only
| |||
| 4 | Source of Funds (See Instructions)
OO (please see Item 3) | |||
| 5 | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 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
8,199,456 Trust Units | ||
| 8 | Shared Voting Power
0 | |||
| 9 | Sole Dispositive Power
8,199,456 Trust Units | |||
| 10 | Shared Dispositive Power
0 | |||
| 11 | Aggregate Amount Beneficially Owned by Each Reporting Person
8,199,456 Trust Units | |||
| 12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨
| |||
| 13 | Percent of Class Represented by Amount in Row (11)
24.8% | |||
| 14 | Type of Reporting Person (See Instructions)
OO | |||
Explanatory Note
This Amendment No. 3 (this “Amendment No. 3”) amends and supplements the Schedule 13D (the “Original Schedule 13D”) filed with the Securities and Exchange Commission (the “SEC”) on September 10, 2018, as amended by Amendment No. 1 filed with the SEC on October 12, 2022 (“Amendment No. 1”) and Amendment No. 2 filed with the SEC on October 21, 2022 (“Amendment No. 2” and, together with the Original Schedule 13D and Amendment No. 1, the “Schedule 13D”), relating to the trust units representing beneficial interests (the “Trust Units”) in Enduro Royalty Trust (n/k/a Permianville Royalty Trust), a Delaware statutory trust (the “Issuer”). The address of the principal executive office of the Issuer is 601 Travis Street, 16th Floor, Houston, Texas 77002. Except as otherwise specified in this Amendment No. 3, all items left blank remain unchanged in all material respects. Capitalized terms used herein but not defined herein have the respective meanings ascribed to them in the Schedule 13D.
Responses to each item of this Amendment No. 3 are incorporated by reference into the response to each other item, as applicable.
| Item 5. | Interest in Securities of the Issuer |
Item 5 of the Schedule 13D is hereby amended and supplemented as follows:
(a), (b) Holdings is the sole record and beneficial owner of 8,199,456 Trust Units, which represents 24.8% of the outstanding Trust Units (based on 33,000,000 total outstanding Trust Units as of August 15, 2022, as provided in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, filed with the SEC on August 15, 2022).
(c) The following table sets forth the transactions effected by the Reporting Person in the Trust Units within the past 60 days. All transactions listed below were effected as open market sales pursuant to a 10b5-1 trading plan adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
| Seller | Date of Transaction | Number of Trust Units Sold | Price per
Trust Unit(1) | |||||||
| Permianville Holdings LLC | September 21, 2022 | 12,268 | $ | 3.7533 | ||||||
| Permianville Holdings LLC | September 22, 2022 | 8,436 | $ | 3.7628 | ||||||
| Permianville Holdings LLC | October 5, 2022 | 1,883 | $ | 3.7507 | ||||||
| Permianville Holdings LLC | October 6, 2022 | 25,300 | $ | 3.788 | ||||||
| Permianville Holdings LLC | October 7, 2022 | 27,207 | $ | 3.8295 | ||||||
| Permianville Holdings LLC | October 10, 2022 | 1,977 | $ | 3.7533 | ||||||
| Permianville Holdings LLC | October 12, 2022 | 14,909 | $ | 3.7574 | ||||||
| Permianville Holdings LLC | October 13, 2022 | 27,000 | $ | 3.7869 | ||||||
| Permianville Holdings LLC | October 14, 2022 | 4,694 | $ | 3.7608 | ||||||
| Permianville Holdings LLC | October 17, 2022 | 6,200 | $ | 3.7500 | ||||||
| Permianville Holdings LLC | October 18, 2022 | 24,046 | $ | 3.7506 | ||||||
| Permianville Holdings LLC | October 19, 2022 | 28,000 | $ | 3.7897 | ||||||
| Permianville Holdings LLC | October 20, 2022 | 27,000 | $ | 3.8441 | ||||||
| Permianville Holdings LLC | October 21, 2022 | 6,322 | $ | 3.7540 | ||||||
| Permianville Holdings LLC | October 24, 2022 | 24,500 | $ | 3.7764 | ||||||
| Permianville Holdings LLC | October 25, 2022 | 24,300 | $ | 3.8109 | ||||||
| Permianville Holdings LLC | October 26, 2022 | 25,000 | $ | 3.8145 | ||||||
| Permianville Holdings LLC | October 27, 2022 | 25,300 | $ | 3.8975 | ||||||
| Permianville Holdings LLC | October 28, 2022 | 27,500 | $ | 3.8299 | ||||||
| Permianville Holdings LLC | October 31, 2022 | 26,000 | $ | 3.7871 | ||||||
(1) Reflects the weighted average sales price.
(d) To the best knowledge of the Reporting Person, no one other than the Reporting Person, or the partners, members, affiliates or shareholders of the Reporting Person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Trust Units reported herein.
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.
October 31, 2022
| PERMIANVILLE HOLDINGS LLC | ||
| By: | /s/ Matthew Rymer | |
| Name: | Matthew Rymer | |
| Title: | Authorized Signatory | |