Filing Details

 

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

 

 

SCHEDULE 13D

[Rule 13d-101]

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2(a)

 

(Amendment No.  3)*

 

(Name of Issuer)

 

(Title of Class of Securities)

 

(CUSIP Number)

 

 

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

(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. o

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).

 

 

 

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INTRODUCTION

 

The following is an amendment (this Amendment) to that certain Schedule 13D filed on December 20, 2007 (as amended by Amendment No. 1 filed on December 20, 2010 and Amendment No. 2 filed on August 30, 2016, the Original 13D) by certain of the reporting persons filing this Amendment.

 

Item 1.      Security and Issuer

 

This Schedule 13D relates to the common stock, $0.10 par value per share (the CWEI Common Shares) of Clayton Williams Energy, Inc., a Delaware corporation (the Issuer or CWEI). The address of the principal executive offices of the Issuer is 6 Desta Drive, Suite 6500, Midland, Texas 79705-5510.  Only those items of Schedule 13D, or portions thereof, being amended are included in this Amendment.  Except as expressly amended and modified by this Amendment, the Original 13D remains unchanged and in full force and effect.

 

Item 4.   Purpose of Transaction

 

Item 4 of the Original 13D is hereby amended to add the following:

 

The information set forth under Non-Dissent Agreement in Item 6 below is incorporated by reference in its entirety into this Item 4.

 

Item 6.      Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

 

Item 6 of the Original 13D is hereby amended to add the following:

 

Non-Dissent Agreement

 

On January 13, 2017, Noble Energy, Inc. (Noble Energy), Wild West Merger Sub, Inc., a Delaware corporation and indirect wholly owned subsidiary of Noble Energy (Merger Sub), NBL Permian LLC, a Delaware limited liability company and indirect wholly owned subsidiary of Noble Energy (Merger Sub II), and the Issuer, entered into an Agreement and Plan of Merger (the Merger Agreement) pursuant to which Noble Energy will acquire the Issuer in exchange for a combination of shares of common stock, par value $0.01 per share, of Noble Energy and cash.  Upon the terms and subject to the conditions of the Merger Agreement, (i) Merger Sub will merge with and into the Issuer (the Merger), with the Issuer continuing as the surviving corporation in the Merger and an indirect wholly owned subsidiary of Noble Energy, and (ii) thereafter, the Issuer will merge with and into Merger Sub II, with Merger Sub II continuing as the surviving company and an indirect wholly owned subsidiary of Noble Energy.

 

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Contemporaneously with the execution of the Merger Agreement, Noble Energy and the Issuer (solely for certain specified purposes) entered into an Agreement Not to Dissent (the Trust Non-Dissent Agreement) with The Williams Childrens Partnership Ltd., pursuant to which The Williams Childrens Partnership Ltd. agreed, among other things, not to exercise or assert any appraisal rights under Section 262 of the DGCL in connection with the Merger.  The Williams Childrens Partnership Ltd. also has agreed, among other things, during the period from January 13, 2017 to and including the date of termination of the Merger Agreement, if any (the Applicable Period), (a) not to transfer any CWEI Common Shares held by the reporting persons as of January 13, 2017, and (b) to vote all of such CWEI Common Shares against any alternative proposals and against any amendment of the Issuers certificate of incorporation or by-laws or other proposal or transaction involving the Issuer or any of its subsidiaries, which amendment or other proposal or transaction would in any manner delay, impede, frustrate, prevent or nullify the Merger, the Merger Agreement or any of the transactions contemplated by the Merger Agreement or change in any manner the voting rights of any outstanding class of capital stock of the Issuer.  If the Merger Agreement is terminated by Noble Energy in certain circumstances, including if the Issuer stockholders do not adopt the Merger Agreement, then the term of the Applicable Period under the Trust Non-Dissent Agreement will be extended for an additional 180 days following the termination of the Merger Agreement.

 

The foregoing description of the Trust Non-Dissent Agreement is qualified in its entirety by reference to such agreement, a copy of which is filed as Exhibit 1 hereto, and incorporated herein by reference.

 

Item 7.      Material to be Filed as Exhibits

 

Item 7 of the Original 13D is hereby amended to add the following:

 

Exhibit 1

Agreement Not to Dissent, dated as of January 13, 2017 (incorporated by reference to Exhibit 10.3 to the current report on Form 8-K of the Issuer filed on January 17, 2017).

 

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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.

 

Date: January 24, 2017
	/s/ Mel G. Riggs
	Mel G. Riggs
Date: January 24, 2017	LPL/Williams GP, LLC
	By:	/s/ Mel G. Riggs
		Mel G. Riggs, Sole Member
Date: January 24, 2017	The Williams Childrens Partnership, Ltd
	By: LPL/Williams GP, LLC General Partner
	By:	/s/ Mel G. Riggs
		Mel G. Riggs, Sole Member

 

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