-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HcVeW6Tu2hdi74way+qmJ9nRfCF6tTJSnyR9DkwoLSvx0mar+/lPObR//kTPB6zi Is1WBIZyHS3vgpqDPd7geA== 0001169232-07-001843.txt : 20070409 0001169232-07-001843.hdr.sgml : 20070409 20070409175824 ACCESSION NUMBER: 0001169232-07-001843 CONFORMED SUBMISSION TYPE: 4/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070330 FILED AS OF DATE: 20070409 DATE AS OF CHANGE: 20070409 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: OCM PRINCIPAL OPPORTUNITIES FUN III L P CENTRAL INDEX KEY: 0001272111 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-32743 FILM NUMBER: 07757350 BUSINESS ADDRESS: STREET 1: 333 SOUTH GRAND AVE 28TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-830-6300 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: EXCO RESOURCES INC CENTRAL INDEX KEY: 0000316300 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 741492779 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 12377 MERIT DR STREET 2: SUITE 1700 CITY: DALLAS STATE: TX ZIP: 75251 BUSINESS PHONE: 2143682084 MAIL ADDRESS: STREET 1: 12377 MERIT DR STREET 2: SUITE 1700 CITY: DALLAS STATE: TX ZIP: 75251 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: OAKTREE CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0000949509 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-32743 FILM NUMBER: 07757352 BUSINESS ADDRESS: STREET 1: 333 S GRAND AVENUE 28TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 2138306300 MAIL ADDRESS: STREET 2: 333 S GRAND AVE 28TH FL CITY: LOS ANGLES STATE: CA ZIP: 90071 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: OCM Principal Opportunities Fund IIIA, L.P. CENTRAL INDEX KEY: 0001298137 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-32743 FILM NUMBER: 07757349 BUSINESS ADDRESS: STREET 1: 333 SOUTH GRAND AVENUE STREET 2: 28TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: (213) 830-6300 MAIL ADDRESS: STREET 1: 333 SOUTH GRAND AVENUE STREET 2: 28TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: OCM Principal Opportunities Fund III GP, LLC CENTRAL INDEX KEY: 0001319922 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-32743 FILM NUMBER: 07757351 BUSINESS ADDRESS: STREET 1: 333 S. GRAND AVE. STREET 2: 28TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: (213) 830-6300 MAIL ADDRESS: STREET 1: 333 S. GRAND AVE. STREET 2: 28TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: OCM EXCO Holdings, LLC CENTRAL INDEX KEY: 0001395116 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-32743 FILM NUMBER: 07757346 BUSINESS ADDRESS: STREET 1: C/O OAKTREE CAPITAL MANAGEMENT, LLC STREET 2: 333 SOUTH GRAND AVENUE, 28TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-830-6300 MAIL ADDRESS: STREET 1: C/O OAKTREE CAPITAL MANAGEMENT, LLC STREET 2: 333 SOUTH GRAND AVENUE, 28TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: OCM Principal Opportunities Fund IV, LP CENTRAL INDEX KEY: 0001394231 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-32743 FILM NUMBER: 07757347 BUSINESS ADDRESS: STREET 1: 333 SOUTH GRAND AVENUE STREET 2: 28TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-830-2100 MAIL ADDRESS: STREET 1: 333 SOUTH GRAND AVENUE STREET 2: 28TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: OCM Principal Opportunities Fund IV GP LTD CENTRAL INDEX KEY: 0001394232 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-32743 FILM NUMBER: 07757353 BUSINESS ADDRESS: STREET 1: 333 SOUTH GRAND AVENUE STREET 2: 28TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-830-6300 MAIL ADDRESS: STREET 1: 333 SOUTH GRAND AVENUE STREET 2: 28TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: OCM Principal Opportunities Fund IV GP, LP CENTRAL INDEX KEY: 0001394233 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-32743 FILM NUMBER: 07757348 BUSINESS ADDRESS: STREET 1: 333 SOUTH GRAND AVENUE STREET 2: 28TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-830-6300 MAIL ADDRESS: STREET 1: 333 SOUTH GRAND AVENUE STREET 2: 28TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 4/A 1 d07-71512_ex.xml X0202 4/A 2007-03-30 2007-04-04 0 0000316300 EXCO RESOURCES INC XCO 0000949509 OAKTREE CAPITAL MANAGEMENT LLC 333 S GRAND AVE 28TH FL LOS ANGELES CA 90071 1 0 0 0 0001319922 OCM Principal Opportunities Fund III GP, LLC 333 S. GRAND AVE. 28TH FLOOR LOS ANGELES CA 90071 1 0 0 0 0001272111 OCM PRINCIPAL OPPORTUNITIES FUN III L P 1 0 0 0 0001298137 OCM Principal Opportunities Fund IIIA, L.P. 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071 1 0 0 0 0001394233 OCM Principal Opportunities Fund IV GP, LP 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071 1 0 0 0 0001394232 OCM Principal Opportunities Fund IV GP LTD 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071 1 0 0 0 0001394231 OCM Principal Opportunities Fund IV, LP 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071 1 0 0 0 0001395116 OCM EXCO Holdings, LLC C/O OAKTREE CAPITAL MANAGEMENT, LLC 333 SOUTH GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071 1 0 0 0 Nonqualified Stock Options 16.58 2007-03-30 4 A 0 50000 0 A 2017-03-29 Common Stock 50000 50000 I See Footnotes Series B 7.0% Cumulative Conv. Perpetual Preferred Stock 2007-03-30 4 A 0 5850 10000 A Common Stock 5850 I See Footnotes Series B 7.0% Cumulative Conv. Perpetual Preferred Stock 2007-03-30 4 A 0 5850 10000 A Common Stock 5850 I See Footnotes Series A-1 Hybrid Preferred Stock 2007-03-30 4 A 0 24150 10000 A Common Stock 24150 I See Footnotes Series A-1 Hybrid Preferred Stock 2007-03-30 4 A 0 24150 10000 A Common Stock 24150 I See Footnotes This Form 4/A is filed jointly by Oaktree Capital Management, LLC ("Oaktree"), OCM Principal Opportunities Fund III GP, LLC ("Fund III GP"), OCM Principal Opportunities Fund III, L.P. ("Fund III"), OCM Principal Opportunities Fund IIIA, L.P. ("Fund IIIA"), OCM Principal Opportunities Fund IV GP Ltd. ("Fund IV GP Ltd."), OCM Principal Opportunities Fund IV GP, L.P. ("Fund IV GP"), OCM Principal Opportunities Fund IV, L.P. ("Fund IV") and OCM EXCO Holdings, LLC ("OCM EXCO") (collectively, the "Reporting Persons"). Oaktree is (i) managing member of Fund III GP, (ii) sole director of Fund IV GP Ltd. and (iii) manager of OCM EXCO. Fund III GP is the general partner of Fund III and Fund IIIA. Fund IV GP Ltd. is the general partner of Fund IV GP, which is the general partner of Fund IV. Oaktree is a limited liability company managed by an executive committee, the members of which are Howard S. Marks, Bruce A. Karsh, Sheldon M. Stone, D. Richard Masson, Larry W. Keele, Stephen A. Kaplan, John B. Frank, David Kirchheimer and Kevin L. Clayton. Each such person disclaims beneficial ownership of the securities listed on this Form 4/A and the filing of this Form 4/A shall not be construed as an admission that such person is the beneficial owner of any securities covered by this Form 4/A, except to the extent of any pecuniary interest therein. The Reporting Persons, other than Fund III GP, Fund III and Fund IIIA, may be deemed a director by virtue of their right to elect an individual to serve on the Issuer's board of directors. Vincent J. Cebula, a Managing Director of Oaktree, currently serves as a director on the Issuer's board of directors. Mr. Cebula holds these stock options to purchase 50,000 shares of Common Stock of the Issuer for the benefit of certain funds managed by Oaktree (collectively, the "Oaktree Funds"). Pursuant to the policies of Oaktree, Mr. Cebula must hold the options on behalf of and for the sole benefit of the Oaktree Funds and is assigning all economic, pecuniary, and voting rights to the Oaktree Funds. The Reporting Persons, other than the Oaktree Funds, disclaim beneficial ownership of these securities and the filing of this Form 4/A shall not be construed as an admission that such persons are beneficial owners of any securities covered by this Form 4/A, except to the extent of any indirect pecuniary interest therein. The stock options vest in four equal annual installments beginning on March 30, 2007. The Series B 7.0% Cumulative Convertible Perpetual Preferred Stock ("Convertible Preferred Stock") is convertible at any time at the holder's election into a number of shares of Common Stock equal to the quotient of the then-current liquidation preference divided by the then-current conversion price. Initially, the liquidation preference is $10,000 per share, subject to increase if the Issuer elects to add accrued dividends to the liquidation preference in lieu of cash payments, and the conversion price is $19.00 per share, subject to adjustment for certain events. As of the date of this Form 4/A, the 11,700 shares of Convertible Preferred Stock owned in the aggregate by the Reporting Persons are convertible into 6,157,894 shares of Common Stock. The 5,850 shares of Convertible Preferred Stock reported here are directly held by Fund IV. The Reporting Persons, other than Fund IV, disclaim beneficial ownership of these shares of Convertible Preferred Stock and the filing of this Form 4/A shall not be construed as an admission that such persons are beneficial owners of these shares of Convertible Preferred Stock, except to the extent of any indirect pecuniary interest therein. The shares of Convertible Preferred Stock have no expiration date. The 5,850 shares of Convertible Preferred Stock reported here are directly held by OCM EXCO. The Reporting Persons, other than OCM EXCO, disclaim beneficial ownership of these shares of Convertible Preferred Stock and the filing of this Form 4/A shall not be construed as an admission that such persons are beneficial owners of these shares of Convertible Preferred Stock, except to the extent of any indirect pecuniary interest therein. The Series A-1 Hybrid Preferred Stock (the "Hybrid Preferred Stock") is not currently convertible into Common Stock. If the Issuer's stockholders so approve, each share of Hybrid Preferred Stock will become convertible at any time thereafter at the holder's election into a number of shares of Common Stock equal to the quotient of the then-current liquidation preference divided by the then-current conversion price. Initially, the liquidation preference would be $10,000 per share, subject to increase if the Issuer elects to add accrued dividends to the liquidation preference in lieu of cash payments, and the conversion price would be $19.00 per share, subject to adjustment for certain events. If the Hybrid Preferred Stock were convertible as of the date of this Form 4/A, the 48,300 shares owned in the aggregate by the Reporting Persons would be convertible into 25,421,052 shares of Common Stock. The 24,150 shares of Hybrid Preferred Stock reported here are directly held by Fund IV. The Reporting Persons, other than Fund IV, disclaim beneficial ownership of these shares of Hybrid Preferred Stock and the filing of this Form 4/A shall not be construed as an admission that such persons are beneficial owners of these shares of Hybrid Preferred Stock, except to the extent of any indirect pecuniary interest therein. The shares of Hybrid Preferred Stock are not initially mandatorily redeemable. If the stockholder approval described in Footnote (10) is not obtained prior to September 26, 2007, then any outstanding shares of Hybrid Preferred Stock become mandatorily redeemable by the Issuer on April 18, 2011. If such stockholder approval is obtained, the shares of Hybrid Preferred Stock become perpetual. The 24,150 shares of Hybrid Preferred Stock reported here are directly held by OCM EXCO. The Reporting Persons, other than OCM EXCO, disclaim beneficial ownership of these shares of Hybrid Preferred Stock and the filing of this Form 4/A shall not be construed as an admission that such persons are beneficial owners of these shares of Hybrid Preferred Stock, except to the extent of any indirect pecuniary interest therein. This Amendment is being filed to correct Footnotes (1) and (2) of the original Form 4 filed on April 4, 2007. Additional Reporting Persons: (i) OCM Principal Opportunities Fund III GP, LLC, c/o Oaktree Capital Management, LLC, 333 South Grand Avenue, 28th Floor, Los Angeles, CA 90071; (ii) OCM Principal Opportunities Fund III, L.P., c/o Oaktree Capital Management, LLC, 333 South Grand Avenue, 28th Floor, Los Angeles, CA 90071; (iii) OCM Principal Opportunities Fund IIIA, L.P., c/o Oaktree Capital Management, LLC, 333 South Grand Avenue, 28th Floor, Los Angeles, CA 90071; (iv) OCM Principal Opportunities Fund IV GP Ltd., c/o Oaktree Capital Management, LLC, 333 South Grand Avenue, 28th Floor, Los Angeles, CA 90071; (v) OCM Principal Opportunities Fund IV GP, L.P., c/o Oaktree Capital Management, LLC, 333 South Grand Avenue, 28th Floor, Los Angeles, CA 90071; (vi) OCM Principal Opportunities Fund IV, L.P., c/o Oaktree Capital Management, LLC, 333 South Grand Avenue, 28th Floor, Los Angeles, CA 90071; (vii) OCM EXCO Holdings, LLC, c/o Oaktree Capital Management, LLC, 333 South Grand Avenue, 28th Floor, Los Angeles, CA 90071. /s/ Lisa Arakaki, Senior Vice President, Legal; Oaktree Capital Management, LLC 2007-04-09 /s/ Lisa Arakaki, Senior Vice President, Legal; OCM Principal Opportunities Fund III GP, LLC; By: Oaktree Capital Management, LLC; Its: Managing Member 2007-04-09 /s/ Lisa Arakaki, Senior Vice President, Legal; OCM Principal Opportunities Fund III, L.P.; By: OCM Principal Opportunities Fund III GP, LLC; Its: General Partner; By: Oaktree Capital Management, LLC; Its: Managing Member 2007-04-09 /s/ Lisa Arakaki, Senior Vice President, Legal; OCM Principal Opportunities Fund IIIA, L.P.; By: OCM Principal Opportunities Fund III GP LLC; Its: General Partner; By: Oaktree Capital Management, LLC; Its: Managing Member 2007-04-09 /s/ Lisa Arakaki, Senior Vice President, Legal; OCM Principal Opportunities Fund IV GP Ltd.; By: Oaktree Capital Management, LLC; Its: Director 2007-04-09 /s/ Lisa Arakaki, Senior Vice President, Legal; OCM Principal Opportunities Fund IV GP, L.P.; By: OCM Principal Opportunities Fund IV GP Ltd.; Its General Partner; By: Oaktree Capital Management, LLC; Its: Director 2007-04-09 /s/ Lisa Arakaki, SVP, Legal; OCM Prin. Opp. Fund IV, L.P.; By: OCM Prin. Opportunities Fund IV GP, L.P.; Its General Partner; By: OCM Principal Opportunities Fund IV GP, Ltd.; Its: General Partner; By: Oaktree Capital Management, LLC; Its Director 2007-04-09 /s/ Lisa Arakaki, Senior Vice President, Legal; OCM EXCO Holdings, LLC; By: Oaktree Capital Management, LLC; Its: Manager 2007-04-09 -----END PRIVACY-ENHANCED MESSAGE-----