0000902664-17-003644.txt : 20170918 0000902664-17-003644.hdr.sgml : 20170918 20170918070558 ACCESSION NUMBER: 0000902664-17-003644 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20170918 DATE AS OF CHANGE: 20170918 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ULTRA PETROLEUM CORP CENTRAL INDEX KEY: 0001022646 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80205 FILM NUMBER: 171088975 BUSINESS ADDRESS: STREET 1: 400 N SAM HOUSTON PARKWAY E STREET 2: SUITE 1200 CITY: HOUSTON STATE: TX ZIP: 77060 BUSINESS PHONE: 2818760120 MAIL ADDRESS: STREET 1: 400 N SAM HOUSTON PARKWAY E STREET 2: SUITE 1200 CITY: HOUSTON STATE: TX ZIP: 77060 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FIR TREE INC. CENTRAL INDEX KEY: 0001056491 IRS NUMBER: 133745261 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 55 WEST 46TH STREET STREET 2: 29TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2123983500 MAIL ADDRESS: STREET 1: 55 WEST 46TH STREET STREET 2: 29TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: FIR TREE INC DATE OF NAME CHANGE: 19990510 SC 13D/A 1 p17-1883sc13da.htm ULTRA PETROLEUM CORP.
SECURITIES AND EXCHANGE COMMISSION  
Washington, D.C. 20549  
   
SCHEDULE 13D/A
 
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
 

Ultra Petroleum Corp.

(Name of Issuer)
 

Common Shares, no par value per share

(Title of Class of Securities)
 

903914208

(CUSIP Number)
 
Brian Meyer
Fir Tree Inc.
55 West 46th Street, 29th Floor
New York, NY 10036
(212) 599-0090
 
Eleazer Klein, Esq.
Schulte Roth & Zabel LLP
919 Third Avenue
New York, NY 10022

(212) 756-2000

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

September 18, 2017

(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 Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. x

 

(Page 1 of 4 Pages)

______________________________

* 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).

 

CUSIP No. 903914208

SCHEDULE 13D/A

Page 2 of 4

 

1

NAME OF REPORTING PERSON

Fir Tree Inc.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

New York

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:		 7

SOLE VOTING POWER

36,379,590 Common Shares

8

SHARED VOTING POWER

-0-

9

SOLE DISPOSITIVE POWER

36,379,590 Common Shares

10

SHARED DISPOSITIVE POWER

-0-

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

36,379,590 Common Shares

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

18.53%

14

TYPE OF REPORTING PERSON

IA, CO

         

 

 

CUSIP No. 903914208

SCHEDULE 13D/A

Page 3 of 4

 

  This Amendment No. 3 ("Amendment No. 3") amends the statement on Schedule 13D filed with the Securities and Exchange Commission (the "SEC") on August 10, 2017 (the "Original Schedule 13D") as amended by Amendment No. 1 filed with the SEC on August 24, 2017 ("Amendment No. 1) and Amendment No. 2 filed with the SEC on September 5, 2017 ("Amendment No. 2, and the Original Schedule 13D as amended by Amendment No. 1 , Amendment No. 2 and this Amendment No. 3, the "Schedule 13D") with respect to the common shares, no par value per share (the "Common Shares"), of Ultra Petroleum Corp., a Canadian corporation (the "Issuer").  Capitalized terms used herein and not otherwise defined in this Amendment No. 3 have the meanings set forth in the Schedule 13D.  This Amendment No. 3 amends Items 4 and 7 as set forth below.  

 

Item 4. PURPOSE OF TRANSACTION
   
 

Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following:

 

On September 18, 2017, the Reporting Person issued a press release announcing its intention to immediately engage with Company management to pursue value-maximizing strategic alternatives for the Company (the "Fir Tree Press Release"). The foregoing summary of the Fir Tree Press Release is qualified in its entirety by the full text of the Fir Tree Press Release, which is filed as Exhibit A to this Schedule 13D, and is incorporated herein by reference.

 

Item 7. MATERIAL TO BE FILED AS EXHIBITS
   
  Item 7 of the Schedule 13D is hereby amended and supplemented by the addition of the following:
   
Exhibit A: Fir Tree Press Release
   

 

 

CUSIP No. 903914208

SCHEDULE 13D/A

Page 4 of 4

 

SIGNATURES

After reasonable inquiry and to the best of his or its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: September 18, 2017

 

     
     
FIR TREE INC.    
     
     
/s/ Brian Meyer    
Name:  Brian Meyer    
Title: General Counsel    
     

 

 EX-99 2 exhibita.htm EXHIBIT A

Exhibit A

 

 

 

Fir Tree Partners Announces Intention to Pursue Value-Maximizing

Strategic Alternatives for Ultra Petroleum Corp.

 

 

NEW YORK (September 18, 2017) – Fir Tree Partners (“Fir Tree”), a $9.4 billion private investment firm and manager of certain funds that together are the largest stockholder of Ultra Petroleum Corporation (“UPL” or the “Company”) (NASDAQ: UPL), announced today its intention to immediately engage with Company management to pursue value-maximizing strategic alternatives for UPL.

 

“Fir Tree has deep experience working collaboratively with management teams and we are excited to engage with UPL on a variety of initiatives in order to maximize stockholder value,” said Clinton Biondo, Managing Director at Fir Tree.

 

“UPL is the most attractive natural gas company in the U.S. and trades at a substantial and unwarranted discount to its pure play comps. Its deep, low-cost inventory, significant resource growth potential and absence of throughput issues that plague its Northeast peers is fully unrecognized in its current share price,” said Evan Lederman, Managing Director at Fir Tree.

Fir Tree has retained an investment bank to provide it with financial advice regarding certain strategic alternatives for UPL.

 

Fir Tree has direct control over approximately 18.53% of Common Shares and total economic interest in approximately 22.12% of Common Shares of UPL.

 

 

About Fir Tree Partners

Fir Tree Partners, founded in 1994 and located in New York City (HQ) and Miami, is a value-oriented investment manager that manages private investment funds for endowments, charitable and philanthropic foundations, pension funds and other institutional and private investors. Fir Tree manages approximately $9.4 billion, invested worldwide in public and private companies across a wide variety of sectors and securities.

 

# # #

For More Information Contact:

Scott Tagliarino or Taylor Ingraham

ASC Advisors LLC

(203) 992-1230

 

 

 

 GRAPHIC 3 image_001.jpg GRAPHIC begin 644 image_001.jpg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end