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Filing Details

Accession Number:: 0001140361-22-001758
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-01-14 18:39:17
Reporting Period:: 2022-01-12

Accepted Time:: 2022-01-14 18:39:17
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
821483	Par Pacific Holdings Inc.	PARR	Crude Petroleum & Natural Gas (1311)	841060803

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1250731	Chai Trust Co Llc	Two North Riverside Plaza Suite 600 Chicago IL 60606	No	No	No	No
1469407	Zell Credit Opportunities Master Fund, L.p.	Two North Riverside Plaza Suite 600 Chicago IL 60606	No	No	No	No
1526696	Egi Investors, L.l.c.	Two North Riverside Plaza Suite 600 Chicago IL 60606	No	No	No	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	2022-01-12	45,709	$17.28	10,058,589	No	4	S	Indirect	See footnote
Common Stock	Disposition	2022-01-13	42,682	$17.38	10,015,907	No	4	S	Indirect	See footnote

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	1,314,754	Indirect	See footnote

Footnotes

These shares of Common Stock were sold on behalf of the Zell Credit Opportunities Master Fund, L.P. (the "Master Fund"), through an affiliated fund, Zell Credit Opportunities Sub Fund, LLC ("Sub Fund"). The shares sold represent a portion of the pro rata interest of an outside investor in the Master Fund (the "Outside Investor") and are being sold in connection with the Master Fund reaching maturity and effecting an orderly liquidation and distribution of the proceeds of the sale to the Outside Investor. The Outside Investor's remaining interest represents 7,982,231 of the remaining shares of Common Stock held by the Master Fund (directly and indirectly through Sub Fund). The shares of Common Stock held by the Master Fund not attributable to the Outside Investor are not being sold, transferred or otherwise disposed of at this time.
These shares of Common Stock are held directly by EGI Investors, L.L.C. ("EGI Investors"). The shares of Common Stock held by EGI Investors are not being sold, transferred or otherwise disposed of at this time.
The price reported in Column 4 is a weighted average price. These shares of Common Stock were sold in multiple transactions at prices ranging from $17.14 to $17.68, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
The price reported in Column 4 is a weighted average price. These shares of Common Stock were sold in multiple transactions at prices ranging from $17.15 to $17.73, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Chai Trust Company, LLC, an Illinois limited liability company, is the general partner of the Master Fund and the managing member of each of EGI Investors and Sub Fund, and in such capacities, may be deemed to indirectly beneficially own these shares of Common Stock.