8-K

0001193125-14-110049.txt : 20140321 0001193125-14-110049.hdr.sgml : 20140321 20140321141159 ACCESSION NUMBER: 0001193125-14-110049 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140318 ITEM INFORMATION: Unregistered Sales of Equity Securities FILED AS OF DATE: 20140321 DATE AS OF CHANGE: 20140321 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Green Plains Renewable Energy, Inc. CENTRAL INDEX KEY: 0001309402 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] IRS NUMBER: 841652107 STATE OF INCORPORATION: IA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32924 FILM NUMBER: 14709685 BUSINESS ADDRESS: STREET 1: 450 REGENCY PARKWAY STREET 2: SUITE 400 CITY: OMAHA STATE: NE ZIP: 68114 BUSINESS PHONE: 402-884-8700 MAIL ADDRESS: STREET 1: 450 REGENCY PARKWAY STREET 2: SUITE 400 CITY: OMAHA STATE: NE ZIP: 68114 FORMER COMPANY: FORMER CONFORMED NAME: GREEN PLAINS RENEWABLE ENERGY, INC. DATE OF NAME CHANGE: 20060314 FORMER COMPANY: FORMER CONFORMED NAME: Green Plains Renewable Energy, Inc. DATE OF NAME CHANGE: 20041123 8-K 1 d697550d8k.htm 8-K 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) March 18, 2014

Green Plains Renewable Energy, Inc.

(Exact name of registrant as specified in its charter)

Iowa

001-32924

84-1652107

(State or other jurisdiction

of incorporation)

(Commission

file number)

(IRS employer

identification no.)


450 Regency Parkway, Ste. 400, Omaha, Nebraska		68114
(Address of principal executive offices)		(Zip code)

(402) 884-8700

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 3.02. Unregistered Sales of Equity Securities.

On February 14, 2014, Green Plains Renewable Energy, Inc (the “Company”), gave notice that it had called for redemption all of its outstanding 5.75% Convertible Senior Notes due 2015 (the “2015 Convertible Notes”), $90.0 million aggregate principal amount, pursuant to the provisional “optional redemption” right in the indenture governing the 2015 Convertible Notes. Currently, the 2015 Convertible Notes are convertible by the holders thereof into shares of the Company’s common stock (“Common Stock”) at the conversion rate of 72.6961 shares of Common Stock for each $1,000 principal amount of 2015 Convertible Notes converted. The conversion rate in effect from February 14, 2014 through February 28, 2014 was 72.5846 shares of Common Stock for each $1,000 principal amount of 2015 Convertible Notes converted.

On March 18, 2014, approximately $10.0 million of the 2015 Convertible Notes were submitted for conversion into Common Stock. Set forth below is a chart that describes the aggregate principal amount of 2015 Convertible Notes converted and the resulting number of shares issued in connection with this conversion:


Conversion Date	Principal Amount of Convertible Notes Converted		Number of Shares of Common Stock Issued
3/18/2014	$	10,028,000		728,995

Combined with all other conversions, approximately $89.95 million of the 2015 Convertible Notes have been submitted for conversion into Common Stock through March 19, 2014.

The shares of Common Stock were issued solely to former holders of the 2015 Convertible Notes upon conversion pursuant to the exemption from registration provided under Section 3(a)(9) of the Securities Act of 1933, as amended. This exemption is available to the Company because the shares of Common Stock were exchanged by the Company with its existing security holders in accordance with the terms of the indenture governing the notes with no commission or other remunerations being paid or given for soliciting such an exchange.

On March 20, 2014, the Company redeemed the remaining $50,000 of the 2015 Convertible Notes at par value plus accrued and unpaid interest through March 19, 2014. All $90.0 million of the 2015 Convertible notes have been retired effective March 20, 2014.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	Green Plains Renewable Energy, Inc.

Date: March 21, 2014

	By:	/s/ Jerry Peters
		Jerry L. Peters
		Chief Financial Officer (Principal Financial Officer)