Companies 0 See All
Hedge Funds 0 See All
Insiders 0 See All
Institutional Investors 0 See All
Click here to see all results for
Home > Insider Trading > Latest 13D and 13G Filings > 13D Filing (0000945621-16-000770)

Filing Details

Accession Number:
0000945621-16-000770
Form Type:
13D Filing
Publication Date:
2016-11-21 16:10:00
Filed By:
Carlson Capital
Company:
Archrock Inc. (NYSE:AROC)
Filing Date:
2016-11-21
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
Carlson Capital 0 8,470,659 0 8,470,659 8,470,659 EXCLUDES CERTAIN SHARES 12.17%
Double Black Diamond Offshore Ltd 0 5,061,257 0 5,061,257 5,061,257 EXCLUDES CERTAIN SHARES 7.27%
Black Diamond Relative Value Offshore Ltd 0 1,072,553 0 1,072,553 1,072,553 EXCLUDES CERTAIN SHARES 1.54%
Black Diamond Relative Value Cayman 0 200,801 0 200,801 200,801 EXCLUDES CERTAIN SHARES 0.29%
Black Diamond Offshore Ltd 0 336,339 0 336,339 336,339 EXCLUDES CERTAIN SHARES 0.48%
Black Diamond SRI Offshore Ltd 0 21,450 0 21,450 21,450 EXCLUDES CERTAIN SHARES 0.03%
Black Diamond Thematic Offshore Ltd 0 1,509,883 0 1,509,883 1,509,883 EXCLUDES CERTAIN SHARES 2.17%
Black Diamond Energy L S Offshore Ltd 0 268,376 0 268,376 268,376 EXCLUDES CERTAIN SHARES 0.39%
Asgard Investment Corp. II 0 8,470,659 0 8,470,659 8,470,659 EXCLUDES CERTAIN SHARES 12.17%
Asgard Investment Corp 0 8,470,659 0 8,470,659 8,470,659 EXCLUDES CERTAIN SHARES 12.17%
Clint D. Carlson 0 8,470,659 0 8,470,659 8,470,659 EXCLUDES CERTAIN SHARES 12.17%
Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13D


Under the Securities Exchange Act of 1934
 
(Amendment No. 1 )*



Archrock Inc.
(Name of Issuer)
 
 Common Stock, $0.01 par value per share
(Title of Class of Securities)
 
03957W106
(CUSIP Number)
 
Carlson Capital, L.P.
Attn: Shahla Ali
2100 McKinney Avenue
Dallas, TX 75201
(214) 932-9600
 (Name, Address and Telephone Number of Person
 Authorizsed to Receive Notices and Communications)
 
  November 18, 2016
 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 Rule 13D-1(e), rule 13d-1(f) or Rule 13d-1(g), check the following box.  ☒
 
(Page 1 of 24 Pages)
_________________________
* 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 (the “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. 03957W106
SCHEDULE 13D
Page 2 of 24 Pages
 
 
 
1
 NAMES OF REPORTING PERSON          
    Carlson Capital, L.P.
  
2
 
 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a)  [   ]
 (b)  [X]
3 SEC USE ONLY
 
4
SOURCE OF FUNDS
             AF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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
0
8
SHARED VOTING POWER
8,470,659 Common Shares
9
SOLE DISPOSITIVE POWER
0
10
SHARED DISPOSITIVE POWER
8,470,659 Common Shares
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       8,470,659 Common Shares
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
 
      [  ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
       12.17%
   
14
TYPE OF REPORTING PERSON
      PN; IA
 
 
 
 
 
 
CUSIP No.  03957W106
SCHEDULE 13D
Page 3 of  24 Pages
 
 
 
1
 NAMES OF REPORTING PERSON          
    Double Black Diamond Offshore Ltd.
  
2
 
 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a)  [   ]
 (b)  [X]
3 SEC USE ONLY
 
4
SOURCE OF FUNDS
             WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
 
       [    ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
           Cayman Islands
  
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
0
8
SHARED VOTING POWER
5,061,257 Common Shares
9
SOLE DISPOSITIVE POWER
0
10
SHARED DISPOSITIVE POWER
5,061,257 Common Shares
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       5,061,257 Common Shares
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
 
      [  ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
       7.27%
   
14
TYPE OF REPORTING PERSON
      CO
 
 
 
 
CUSIP No. 03957W106
SCHEDULE 13D
Page 4 of 24 Pages
 
 
 
1
NAMES OF REPORTING PERSON 
  Black Diamond Relative Value Offshore Ltd
  
2
 
 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
3 SEC USE ONLY
 
4
SOURCE OF FUNDS
     WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
 
[ ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
   Cayman Islands
  
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
0
8
SHARED VOTING POWER
1,072,553 Common Shares
9
SOLE DISPOSITIVE POWER
0
10
SHARED DISPOSITIVE POWER
1,072,553 Common Shares
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,072,553 Common Shares
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
 
[ ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
  1.54%
   
14
TYPE OF REPORTING PERSON
  CO
 
 
CUSIP No. 03957W106
SCHEDULE 13D
Page 6 of 24 Pages
 
 
 
1
NAMES OF REPORTING PERSON 
  Black Diamond Offshore Ltd.
  
2
 
 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
3 SEC USE ONLY
 
4
SOURCE OF FUNDS
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
 
[ ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
   Cayman Islands
  
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
0
8
SHARED VOTING POWER
336,339 Common Shares
9
SOLE DISPOSITIVE POWER
0
10
SHARED DISPOSITIVE POWER
336,339 Common Shares
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     336,339 Common Shares
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
 
[ ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
       0.48%
   
14
TYPE OF REPORTING PERSON
       CO
 
 
 
CUSIP No.  03957W106
SCHEDULE 13D
Page 7 of 24 Pages
 
 
 
1
 NAMES OF REPORTING PERSON          
    Black Diamond SRI Offshore Ltd.
  
2
 
 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a)  [   ]
 (b)  [X]
3 SEC USE ONLY
 
4
SOURCE OF FUNDS
             WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
 
       [    ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
           Cayman Islands
  
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
0
8
SHARED VOTING POWER
21,450 Common Shares
9
SOLE DISPOSITIVE POWER
0
10
SHARED DISPOSITIVE POWER
21,450 Common Shares
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       21,450 Common Shares
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
 
      [  ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
       0.03%
   
14
TYPE OF REPORTING PERSON
      CO
 
 
 
 
 
CUSIP No.  03957W106
SCHEDULE 13D
Page 9 of 24 Pages
 
 
 
1
 NAMES OF REPORTING PERSON          
    Black Diamond Energy L/S Offshore Ltd.
  
2
 
 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a)  [   ]
 (b)  [X]
3 SEC USE ONLY
 
4
SOURCE OF FUNDS
             WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
 
       [    ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
           Cayman Islands
  
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
0
8
SHARED VOTING POWER
268,376 Common Shares
9
SOLE DISPOSITIVE POWER
0
10
SHARED DISPOSITIVE POWER
268,376 Common Shares
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       268,376 Common Shares
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
 
      [  ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
       0.39%
   
14
TYPE OF REPORTING PERSON
      CO
 
 
 
CUSIP No.  03957W106
SCHEDULE 13D
Page 10 of 24 Pages
 
 
 
1
 NAMES OF REPORTING PERSON          
    Asgard Investment Corp. II
  
2
 
 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a)  [   ]
 (b)  [X]
3 SEC USE ONLY
 
4
SOURCE OF FUNDS
             AF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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
0
8
SHARED VOTING POWER
8,470,659 Common Shares
9
SOLE DISPOSITIVE POWER
0
10
SHARED DISPOSITIVE POWER
8,470,659 Common Shares
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       8,470,659 Common Shares
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
 
      [  ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
       12.17%
   
14
TYPE OF REPORTING PERSON
      CO
 
 
 
 
CUSIP No.  03957W106
SCHEDULE 13D
Page 11 of 24 Pages
 
 
 
1
 NAMES OF REPORTING PERSON          
    Asgard Investment Corp.
  
2
 
 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a)  [   ]
 (b)  [X]
3 SEC USE ONLY
 
4
SOURCE OF FUNDS
             AF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
 
       [    ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
           Delware
  
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
0
8
SHARED VOTING POWER
8,470,659 Common Shares
9
SOLE DISPOSITIVE POWER
0
10
SHARED DISPOSITIVE POWER
8,470,659 Common Shares
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       8,470,659 Common Shares
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
 
      [  ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
       12.17%
   
14
TYPE OF REPORTING PERSON
      CO
 
 
 
 
CUSIP No.  03957W106
SCHEDULE 13D
Page 12 of 24 Pages
 
 
 
1
 NAMES OF REPORTING PERSON          
    Clint D. Carlson
  
2
 
 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a)  [   ]
 (b)  [X]
3 SEC USE ONLY
 
4
SOURCE OF FUNDS
             AF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
 
       [    ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
           United States
  
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
0
8
SHARED VOTING POWER
8,470,659 Common Shares
9
SOLE DISPOSITIVE POWER
0
10
SHARED DISPOSITIVE POWER
8,470,659 Common Shares
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       8,470,659 Common Shares
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
 
      [  ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
       12.17%
   
14
TYPE OF REPORTING PERSON
      IN
 
 
CUSIP No. 03957W106
SCHEDULE 13D
Page 14 of 24 Pages
 
   
Item 4. PURPOSE OF TRANSACTION
   
 
(a)-(j) The Reporting Persons and their representatives intend, from time to time, to engage in discussions and correspondence with management and the Issuer’s Board of Directors (the “Board”) regarding, among other things, the Issuer’s business, management and strategic alternatives and direction. The Reporting Persons believe that the Issuer’s Common Shares trade at a substantial discount to the Issuer’s intrinsic value and represent an attractive investment opportunity. The Reporting Persons intend to have discussions and correspondence with the Issuer’s management and the Board to discuss ways in which this undervaluation can be rectified, including among other things, reducing the Issuer’s expenses, altering the Company’s capital allocation and other changes to the Issuer’s corporate strategy, including changes to the composition of the Board.
 
 
Based on the above discussions with the Issuer, the Reporting Persons may (i) have discussions regarding the Issuer with other stockholders, persons that may be interested in transactions with the Company, and other interested market and industry participants; (ii) make additional proposals to the Issuer concerning its business, management, strategic alternatives and direction; (iii) acquire additional Common Shares and/or other equity, debt, notes or other securities, including but not limited to derivative or other instruments that are based upon or relate to the value of the Common Shares or the Issuer (collectively, “Securities”) in the open market or otherwise; (iv) dispose of any or all of their Securities in the open market or otherwise; (v) nominate or recommend candidates to serve on the Board; (vi) propose or consider any one or more of the actions described in subsections (a) through (j) of Item 4 of Schedule 13D; or (vii) change their intention with respect to any and all matters referred to in this Item 4.
 
 
 Item 5. INTEREST IN SECURITIES OF THE ISSUER
   
  (a) and (b)
   
 
The Reporting Persons may be deemed to beneficially own in the aggregate 8,470,659 Common Shares. Based upon a total of 69,626,230 Common Shares outstanding as of March 2, 2016, as reported in the Issuer’s Proxy Statement on Schedule 14A for the Issuer’s 2016 annual meeting of stockholders, filed with the Securities and Exchange Commission (the “SEC”) on March 18, 2016, the Reporting Persons’ shares represent approximately 12.17% of the outstanding Common Shares.
   
 
Carlson Capital, Asgard II, Asgard I and Mr. Carlson may be deemed to beneficially own and have the power to vote and direct the disposition of (i) the 5,061,257 Common Shares reported herein as owned by DOF, (ii) the 1,072,553 Common Shares reported herein as owned by ROF, (iii) the 200,801 Common Shares reported herein as owned by RVC, (iv) the 336,339 Common Shares reported herein as owned by OFF, (v) the 21,450 Common Shares reported herein as owned by SRI, (vi) the 1,509,883 Common Shares reported herein as owned by TOF, and (vii) the 268,376 Common Shares reported herein as owned by ENO.
   
 
DOF may be deemed to beneficially own and has the power to vote and dispose the 5,061,257 Common Shares reported herein as owned by it, which shares represent approximately 7.27% of the outstanding Common Shares.
   
 
ROF may be deemed to beneficially own and has the power to vote and dispose the 1,072,553 Common Shares reported herein as owned by it, which shares represent approximately 1.54% of the outstanding Common Shares.
 
CUSIP No. 03957W106
SCHEDULE 13D
Page 15 of 24 Pages
 
 
   
 
RVC may be deemed to beneficially own and has the power to vote and dispose the 200,801 Common Shares reported herein as owned by it, which shares represent approximately 0.29% of the outstanding Common Shares.
   
 
OFF may be deemed to beneficially own and has the power to vote and dispose the 336,339 Common Shares reported herein as owned by it, which shares represent approximately 0.48% of the outstanding Common Shares.
   
 
SRI may be deemed to beneficially own and has the power to vote and dispose the 21,450 Common Shares reported herein as owned by it, which shares represent approximately 0.03% of the outstanding Common Shares.
   
 
TOF may be deemed to beneficially own and has the power to vote and dispose the 1,509,883 Common Shares reported herein as owned by it, which shares represent approximately 2.17% of the outstanding Common Shares.
   
 
ENO may be deemed to beneficially own and has the power to vote and dispose the 268,376 Common Shares reported herein as owned by it, which shares represent approximately 0.39% of the outstanding Common Shares.
   
 
(c)  Information concerning transactions in the Common Shares effected by the Reporting Persons during the past sixty days is set forth in Appendix B hereto and is incorporated herein by reference.
   
 
(d) Except as set forth herein, no person other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividendg from, or the proceeds from the sale of, Common Shares.
   
   (e) Not applicable.
   
Item 6.  CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
   
  The Reporting Persons are parties to an agreement with respect to the joint filing of this Schedule 13D and any amendments thereto. A copy of such agreement is attached hereto as Exhibit 1 and is incorporated by reference herein.
   
 
Except as set forth herein, there are no contracts, understandings or relationships among the Reporting Persons or between the Reporting Persons and any other person with respect to the Common Shares.
   
Item 7. MATERIAL TO BE FILED AS EXHIBITS
   
 Exhibit Description
   
 1 Joint Filing Agreement, dated November 21, 2016.
   
  
 
 
CUSIP No.  03957W106
SCHEDULE 13D
Page 16 of 24 Pages
 
 
 
 

SIGNATURES


After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
DATED: November 21, 2016

    DOUBLE BLACK DIAMOND OFFSHORE LTD.
     
    By: Carlson Capital, L.P., its investment manager
     
    By: Asgard Investment Corp. II, its general partner
       
       
   
By:
 /s/ Clint D. Carlson
 
     
Name:       Clint D. Carlson  
     
Title:         President
 
  BLACK DIAMOND RELATIVE VALUE OFFSHORE LTD.
     
    By: Carlson Capital, L.P., its investment manager
     
    By: Asgard Investment Corp. II, its general partner
       
       
   
By:
 /s/ Clint D. Carlson
 
     
Name: Clint D. Carlson
     
Title: President
 
    BLACK DIAMOND RELATIVE VALUE CAYMAN, L.P.
     
    By: Carlson Capital, L.P., its investment manager
     
    By: Asgard Investment Corp. II, its general partner
       
       
   
By:
 /s/ Clint D. Carlson
 
     
Name:       Clint D. Carlson  
     
Title:         President
 
  BLACK DIAMOND OFSHORE LTD.
     
    By: Carlson Capital, L.P., its investment manager
     
    By: Asgard Investment Corp. II, its general partner
       
       
   
By:
 /s/ Clint D. Carlson
 
     
Name:       Clint D. Carlson  
     
Title:         President
 
 
 
 
 
CUSIP No.  03957W106
SCHEDULE 13D
Page 17 of 24 Pages
 
 
 
  BLACK DIAMOND SRI OFFSHORE LTD.
     
    By: Carlson Capital, L.P., its investment manager
     
    By: Asgard Investment Corp. II, its general partner
       
       
   
By:
 /s/ Clint D. Carlson
 
     
Name:       Clint D. Carlson  
     
Title:         President
 
  BLACK DIAMOND THEMATIC OFFSHORE LTD.
     
    By: Carlson Capital, L.P., its investment manager
     
    By: Asgard Investment Corp. II, its general partner
       
       
   
By:
 /s/ Clint D. Carlson
 
     
Name: Clint D. Carlson
     
Title: President
 
    BLACK DIAMOND ENERGY L/S OFFSHORE LTD.
     
    By: Carlson Capital, L.P., its investment manager
     
    By: Asgard Investment Corp. II, its general partner
       
       
   
By:
 /s/ Clint D. Carlson
 
     
Name:       Clint D. Carlson  
     
Title:         President

  CARLSON CAPITAL, L.P.
     
    By: Asgard Investment Corp. II, its general partner
       
       
   
By:
 /s/ Clint D. Carlson
 
     
Name:       Clint D. Carlson  
     
Title:         President
CUSIP No.  03957W106
SCHEDULE 13D
Page 19 of 24 Pages
 
 
Appendix A
 
DIRECTORS AND EXECUTIVE OFFICERS OF ASGARD I AND ASGARD II
 
    The following sets forth the name, position and principal occupation of each director and executive officer of Asgard I and Asgard II, respectively. Except as otherwise indicated, the business address of each director and officer is 2100 McKinney Avenue, Suite 1800, Dallas, TX 75201. To the best of the Reporting Persons' knowledge, except as set forth in this Schedule 13D, none of the directors or executive officers of Asgard I or Asgard II owns any Common Shares.
Asgard I
      
       
Name
Position
Principal Occupation
Citizenship
       
Clint Carlson
Director/President
Investment Manager
United States
       
Nancy Carlson
Secretary/Treasurer
Executive
United States
       
Asgard II
      
       
Name
Position
Principal Occupation
Citizenship
       
Clint Carlson
Director/President
Investment Manager
United States
       
Nancy Carlson
Secretary/Treasurer
Executive
United States

 
 
 
Appendix B
 
TRANSACTIONS IN THE ISSUER'S COMMON SHARES BY THE REPORTING PERSONS IN THE PAST SIXTY DAYS
 
    The following tables set forth all transactions in the Common Shares effected by any of the Reporting Persons in the past sixty days, as applicable.  All such transactions were effected in the open market through brokers and the price per share is net of commissions.
 
Double Black Diamond Offshore Ltd.

Type
 
Qty
 
Price
 
Net Amount
 
Trade Date
Sell
 
69,024
  
12.6943
  
875,156.89
  
11/14/2016
Sell
 
73,257
  
12.6943
  
928,827.20
  
11/14/2016
Sell
 
5,409
  
13.0103
  
70,290.04
  
11/15/2016
Sell
 
15,862
  
13.0103
  
206,126.94
  
11/15/2016
Sell
 
20,580
  
13.0014
  
267,254.27
  
11/15/2016
Sell
 
22,207
  
12.9697
  
287,678.74
  
11/15/2016
Sell
 
65,130
  
12.9697
  
843,721.18
  
11/15/2016
Sell
 
22,463
  
12.9132
  
289,725.93
  
11/16/2016
Sell
 
65,885
  
12.9132
  
849,779.35
  
11/16/2016
Sell
 
3,899
  
13.067
  
50,888.63
  
11/16/2016
Sell
  
11,434
  
13.067
  
149,233.31
  
11/16/2016
Sell
  
13,233
  
13.3875
  
176,954.43
  
11/18/2016
Sell
  
38,807
  
13.3875
  
518,935.26
  
11/18/2016
Sell
  
2,616
  
13.2791
  
34,698.13
  
11/18/2016
Sell
  
7,675
  
13.2791
  
101,799.73
  
11/18/2016


Black Diamond Offshore Ltd.

Type
 
Qty
 
Price
 
Net Amount
 
Trade Date
Sell
 
2,615
  
12.6943
  
33,155.64
  
11/14/2016
Sell
 
14,154
  
12.6943
  
179,458.89
  
11/14/2016
Sell
 
204
  
13.0103
  
2,650.98
  
11/15/2016
Sell
 
601
  
13.0103
  
7,810.00
  
11/15/2016
Sell
 
3,976
  
13.0014
  
51,632.80
  
11/15/2016
Sell
 
841
  
12.9697
  
10,894.66
  
11/15/2016
Sell
 
2,467
  
12.9697
  
31,958.55
  
11/15/2016
Sell
 
852
  
12.9132
  
10,989.03
  
11/16/2016
Sell
  
2,497
  
12.9132
  
32,206.10
  
11/16/2016
Sell
  
147
  
13.067
  
1,918.60
  
11/16/2016
Sell
  
432
  
13.067
  
5,638.33
  
11/16/2016
Sell
  
500
  
13.3875
  
6,686.10
  
11/18/2016
Sell
  
1,471
  
13.3875
  
19,670.52
  
11/18/2016
Sell
  
100
  
13.2791
  
1,326.38
  
11/18/2016
Sell
  
290
  
13.2791
  
3,846.51
  
11/18/2016


 
CUSIP No.  03957W106
SCHEDULE 13D
Page 22 of 24 Pages
 
 
 
Exhibit 1
 
 
 
 JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13d-1(k)

    The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
 
DATE: November 21, 2016

    DOUBLE BLACK DIAMOND OFFSHORE LTD.
     
    By: Carlson Capital, L.P., its investment manager
     
    By: Asgard Investment Corp. II, its general partner
       
       
   
By:
 /s/ Clint D. Carlson
 
     
Name:       Clint D. Carlson  
     
Title:         President
 
  BLACK DIAMOND RELATIVE VALUE OFFSHORE LTD.
     
    By: Carlson Capital, L.P., its investment manager
     
    By: Asgard Investment Corp. II, its general partner
       
       
   
By:
 /s/ Clint D. Carlson
 
     
Name: Clint D. Carlson
     
Title: President
 
    BLACK DIAMOND RELATIVE VALUE CAYMAN, L.P.
     
    By: Carlson Capital, L.P., its investment manager
     
    By: Asgard Investment Corp. II, its general partner
       
       
   
By:
 /s/ Clint D. Carlson
 
     
Name:       Clint D. Carlson  
     
Title:         President
 
  BLACK DIAMOND OFSHORE LTD.
     
    By: Carlson Capital, L.P., its investment manager
     
    By: Asgard Investment Corp. II, its general partner
       
       
   
By:
 /s/ Clint D. Carlson
 
     
Name:       Clint D. Carlson  
     
Title:         President

CUSIP No.  03957W106
SCHEDULE 13D
Page 23 of 24 Pages
 
 
 
  BLACK DIAMOND SRI OFFSHORE LTD.
     
    By: Carlson Capital, L.P., its investment manager
     
    By: Asgard Investment Corp. II, its general partner
       
       
   
By:
 /s/ Clint D. Carlson
 
     
Name:       Clint D. Carlson  
     
Title:         President
 
  BLACK DIAMOND THEMATIC OFFSHORE LTD.
     
    By: Carlson Capital, L.P., its investment manager
     
    By: Asgard Investment Corp. II, its general partner
       
       
   
By:
 /s/ Clint D. Carlson
 
     
Name: Clint D. Carlson
     
Title: President
 
    BLACK DIAMOND ENERGY L/S OFFSHORE LTD.
     
    By: Carlson Capital, L.P., its investment manager
     
    By: Asgard Investment Corp. II, its general partner
       
       
   
By:
 /s/ Clint D. Carlson
 
     
Name:       Clint D. Carlson  
     
Title:         President

  CARLSON CAPITAL, L.P.
     
    By: Asgard Investment Corp. II, its general partner
       
       
   
By:
 /s/ Clint D. Carlson
 
     
Name:       Clint D. Carlson  
     
Title:         President
 
 
 
CUSIP No.  03957W106
SCHEDULE 13D
Page 24 of 24 Pages
 
 
 
  ASGARD INVESTMENT CORP. II
       
       
   
By:
 /s/ Clint D. Carlson
 
     
Name:       Clint D. Carlson  
     
Title:         President
 
 
  ASGARD INVESTMENT CORP
       
       
   
By:
 /s/ Clint D. Carlson
 
     
Name:       Clint D. Carlson  
     
Title:         President
    CLINT D. CARLSON 
       
   
 
 /s/ Clint D. Carlson