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Filing Details

Accession Number:: 0001104659-20-016800
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-02-11 18:00:59
Reporting Period:: 2020-02-07

Accepted Time:: 2020-02-11 18:00:59
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
77159	Penn Virginia Corp	PVAC	Crude Petroleum & Natural Gas (1311)	231184320

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1301912	Strategic Value Partners, Llc	100 West Putnam Avenue Greenwich CT 06830	No	No	Yes	No
1473996	Victor Khosla	100 West Putnam Avenue Greenwich CT 06830	No	No	Yes	No
1614274	Svp Special Situations Iii Llc	100 West Putnam Avenue Greenwich CT 06830	No	No	Yes	No
1614275	Svp Special Situations Iii-A Llc	100 West Putnam Avenue Greenwich CT 06830	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2020-02-07	47,123	$20.55	674,052	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2020-02-07	40,994	$20.55	587,024	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2020-02-07	12,500	$20.55	178,993	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes

Footnotes

The reported securities are held directly by Strategic Value Master Fund, Ltd., Strategic Value Special Situations Master Fund III, L.P. and Strategic Value Opportunities Fund, L.P. (together, the "Funds"), and may be deemed to be held indirectly by Strategic Value Partners, LLC ("Strategic Value Partners"), SVP Special Situations III LLC ("Special Situations III"), SVP Special Situations III-A LLC ("Special Situations III-A"), each as investment manager and Victor Khosla ("Mr. Khosla" and together with Strategic Value Partners, Special Situations III and Special Situations III-A, the "Reporting Persons"), as the sole member of Midwood Holdings, LLC, the managing member of Strategic Value Partners, in each case as described below.
The filing of this Form 4 shall not be construed as an admission that the Reporting Persons or the Funds are or were for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owners of any of the shares of common stock, of Penn Virginia Corporation (the "Issuer"). The Reporting Persons and the Funds disclaim such beneficial ownership, except to the extent of their pecuniary interest.
Held directly by Strategic Value Master Fund, Ltd., a Cayman Islands exempted company. Strategic Value Partners is the investment manager of, and exercises investment discretion over Strategic Value Master Fund, Ltd.. Strategic Value Partners is indirectly majority owned and controlled by Mr. Khosla.
Held directly by Strategic Value Special Situations Master Fund III, L.P., a Cayman Islands exempted limited partnership. Special Situations III is the investment manager of, and exercises investment discretion over Strategic Value Special Situations Master Fund III, L.P. Strategic Value Partners is the managing member of Special Situations III. Strategic Value Partners and Special Situations III are both indirectly majority owned and controlled by Mr. Khosla.
Held directly by Strategic Value Opportunities Fund, L.P., a Cayman Islands exempted limited partnership. Special Situations III-A is the investment manager of, and exercises investment discretion over Strategic Value Opportunities Fund, L.P. Strategic Value Partners is the managing member of Special Situations III-A. Strategic Value Partners and Special Situations III-A are both indirectly majority owned and controlled by Mr. Khosla.