Home > Insider Trading > Filing (0001104659-23-101960)

Filing Details

Accession Number:: 0001104659-23-101960
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-09-19 16:36:27
Reporting Period:: 2023-09-18

Accepted Time:: 2023-09-19 16:36:27
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
351817	Silverbow Resources Inc.	SBOW	Crude Petroleum & Natural Gas (1311)	203940661

Insiders

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

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2023-09-18	1,189,189	$34.78	2,923,351	No	4	S	Indirect	See footnotes

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

Footnotes

Represents 1,189,189 shares of Common Stock sold at a public offering price of $37.00 per share ($34.78 per share after giving effect to the underwriting discounts and commissions) to the underwriters pursuant to the Underwriting Agreement filed with the SEC as Exhibit 1.1 to the Current Report on Form 8-K filed by the Issuer on September 18, 2023, in connection with a registered public offering of shares of Common Stock by the Issuer and SVMF 71 LLC, as selling stockholder.
The reported shares are held directly by SVMF 71 LLC. Strategic Value Partners, LLC (i) is the investment manager of Strategic Value Master Fund, Ltd., which has an ownership interest in SVMF 70 LLC, which has an ownership interest in SVMF 71 LLC, (ii) is the managing member of SVP Special Situations III LLC, which is the investment manager of Strategic Value Special Situations Master Fund III, L.P., which has an ownership interest in SVMF 70 LLC, which has an ownership interest in SVMF 71 LLC, and (iii) is the managing member of SVP Special Situations III-A LLC, which is the investment manager of Strategic Value Opportunities Fund, L.P., which has an ownership interest in SVMF 71 LLC.
Mr. Khosla is the managing member of Milestone Holding Company, LLC, which in turn is the sole managing member of Midwood Holdings, LLC. Midwood Holdings, LLC is the managing member of Strategic Value Partners, LLC. Mr. Khosla is also the indirect majority owner and control person of Strategic Value Partners, LLC, SVP Special Situations III LLC and SVP Special Situations III-A LLC.
The filing of this Form 4 shall not be construed as an admission that the Reporting Persons are or were for the purposes of Section 16(a) of the Exchange Act, or otherwise, the beneficial owners of any of the shares of common stock of the Issuer. The Reporting Persons disclaim such beneficial ownership, except to the extent of their pecuniary interest, if any.