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Filing Details

Accession Number:: 0001104659-11-048375
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-08-24 06:17:40
Reporting Period:: 2011-08-19

Filing Date:: 2011-08-24
Accepted Time:: 2011-08-24 06:17:40
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
316300	Exco Resources Inc	XCO	Crude Petroleum & Natural Gas (1311)	741492779

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1189523	Ares Corporate Opportunities Fund Lp	C/O Ares Management Llc 2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	Yes	No	No	No
1230743	Acof Management Lp	C/O Ares Management Llc 2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	Yes	No	No	No
1259315	Acof Operating Manager Lp	C/O Ares Management Llc 2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	Yes	No	No	No
1371903	Ares Corporate Opportunities Fund Ii, L.p.	C/O Ares Management Llc 2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	Yes	No	No	No
1372044	Acof Management Ii, L.p.	C/O Ares Management Llc 2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	Yes	No	No	No
1395109	Ares Exco 892 Investors, L.p.	C/O Ares Management Llc 2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	Yes	No	No	No
1395110	Ares Exco, L.p.	C/O Ares Management Llc 2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	Yes	No	No	No
1395111	Acof Exco, L.p.	C/O Ares Management Llc 2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	Yes	No	No	No
1395112	Acof Exco 892 Investors, L.p.	C/O Ares Management Llc 2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	Yes	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, Par Value $0.001 Per Share	Acquisiton	2011-08-19	100,000	$12.06	13,051,537	No	4	P	Indirect	See Footnote
Common Stock, Par Value $0.001 Per Share	Acquisiton	2011-08-22	100,000	$12.34	13,151,537	No	4	P	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote

Footnotes

This Form 4 is filed jointly by Ares Corporate Opportunities Fund, L.P. ("ACOF"), ACOF EXCO, L.P. ("ACOF EXCO"), ACOF EXCO 892 Investors, L.P. ("ACOF 892"), ACOF Management, L.P. ("ACOF Management"), ACOF Operating Manager, L.P. ("ACOF Operating"), Ares Corporate Opportunity Fund II, L.P. ("ACOF II"), Ares EXCO, L.P. ("Ares EXCO"), Ares EXCO 892 Investors, L.P. ("Ares 892" and together with ACOF II and Ares EXCO, the "ACOF II Entities"), ACOF Management II, L.P. ("ACOF Management II"), ACOF Operating Manager II, L.P. ("ACOF Operating II"), Ares Management LLC ("Ares Management") and Ares Partners Management Company LLC ("Ares Partners" and, collectively the "Ares Entities").
On August 19, 2011, the ACOF II Entities purchased 100,000 shares of common stock, par value $0.001 per share ("Common Stock") of EXCO Resources, Inc. (the "Issuer") in an open market transaction at an average price per share of $12.062. On August 22, 2011, the ACOF II Entities purchased 100,000 shares of Common Stock of the Issuer in an open market transaction at an average price per share of $12.3375.
This amount includes 58,750 options to acquire shares of Common Stock held by Mr. Jeffrey Serota, which is the vested portion of 70,000 options granted to Mr. Serota in his capacity as a director of the Issuer. Mr. Serota is a Senior Partner in the Private Equity Group of Ares Management, which indirectly controls the ACOF II Entities, the acquiring shareholders. Pursuant to the policies of the Ares Entities, these stock options are held by Mr. Serota as nominee on behalf of, and for the sole benefit of Ares Management and Mr. Serota has assigned all economic, pecuniary and voting rights in respect of these stock options to Ares Management. Mr. Serota disclaims beneficial ownership of these stock options and any securities held by the Ares Entities, except to the extent of any pecuniary interest therein.
The general partner of each of ACOF, ACOF EXCO and ACOF 892 is ACOF Management and the general partner of ACOF Management is ACOF Operating Manager. The general partner of each of ACOF II, Ares EXCO and Ares 892 is ACOF Management II and the general partner of ACOF Management II is ACOF Operating Manager II. Each of ACOF Operating Manager and ACOF Operating Manager II are indirectly controlled by Ares Management which, in turn, is indirectly controlled by Ares Partners. Ares Partners is managed by an executive committee comprised of Antony Ressler, Michael Arougheti, David Kaplan, Greg Margolies and Bennett Rosenthal.
Each of the members of the executive committee, the Ares Entities and the officers, partners, members and managers thereof (other than ACOF, ACOF EXCO, ACOF 892, ACOF II, Ares EXCO and Ares 892) expressly disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein and this report shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes. The address of each Ares Entity is 2000 Avenue of the Stars, 12th Floor, Los Angeles, CA 90067.