0000899243-15-003973.txt : 20150825 0000899243-15-003973.hdr.sgml : 20150825 20150825165757 ACCESSION NUMBER: 0000899243-15-003973 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150821 FILED AS OF DATE: 20150825 DATE AS OF CHANGE: 20150825 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PAR PETROLEUM CORP/CO CENTRAL INDEX KEY: 0000821483 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 841060803 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 800 GESSNER ROAD, SUITE 875 CITY: HOUSTON STATE: TX ZIP: 77024 BUSINESS PHONE: (281) 899-4800 MAIL ADDRESS: STREET 1: 800 GESSNER ROAD, SUITE 875 CITY: HOUSTON STATE: TX ZIP: 77024 FORMER COMPANY: FORMER CONFORMED NAME: DELTA PETROLEUM CORP/CO DATE OF NAME CHANGE: 19920703 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ZCOF Par Petroleum Holdings, L.L.C. CENTRAL INDEX KEY: 0001557140 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36550 FILM NUMBER: 151073615 BUSINESS ADDRESS: STREET 1: TWO NORTH RIVERSIDE PLAZA STREET 2: SUITE 600 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 312-466-3301 MAIL ADDRESS: STREET 1: TWO NORTH RIVERSIDE PLAZA STREET 2: SUITE 600 CITY: CHICAGO STATE: IL ZIP: 60606 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CHAI TRUST CO LLC CENTRAL INDEX KEY: 0001250731 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36550 FILM NUMBER: 151073616 BUSINESS ADDRESS: STREET 1: TWO NORTH RIVERSIDE PLAZA STREET 2: SUITE 600 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3124663281 MAIL ADDRESS: STREET 1: TWO NORTH RIVERSIDE PLAZA STREET 2: SUITE 600 CITY: CHICAGO STATE: IL ZIP: 60606 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Zell Credit Opportunities Master Fund, L.P. CENTRAL INDEX KEY: 0001469407 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36550 FILM NUMBER: 151073617 BUSINESS ADDRESS: STREET 1: 2 NORTH RIVERSIDE PLAZA STREET 2: SUITE 600 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 312-466-3301 MAIL ADDRESS: STREET 1: 2 NORTH RIVERSIDE PLAZA STREET 2: SUITE 600 CITY: CHICAGO STATE: IL ZIP: 60606 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2015-08-21 0 0000821483 PAR PETROLEUM CORP/CO PARR 0001469407 Zell Credit Opportunities Master Fund, L.P. TWO NORTH RIVERSIDE PLAZA, SUITE 600 CHICAGO IL 60606 0 0 1 0 0001250731 CHAI TRUST CO LLC TWO NORTH RIVERSIDE PLAZA SUITE 600 CHICAGO IL 60606 0 0 1 0 0001557140 ZCOF Par Petroleum Holdings, L.L.C. TWO NORTH RIVERSIDE PLAZA SUITE 600 CHICAGO IL 60606 0 0 1 0 Common Stock 2015-08-21 4 X 0 404013 0.0985 A 5828346 I See footnote Common Stock 6340398 D Warrants to acquire Common Stock 0.0985 2015-08-21 4 X 0 404013 0.00 D 2012-08-31 2022-08-31 Common Stock 404013 0 I See note ZCOF Par Petroleum Holdings, L.L.C., a Delaware limited liability company ("Holdings"), exercised warrants (the "Warrants") owned directly by Holdings to purchase the shares of common stock (the "Common Stock") of Par Petroleum Corporation (the "Issuer"). Because Zell Credit Opportunities Master Fund, L.P., a Delaware limited partnership ("Master Fund"), is the sole member of Holdings, Master Fund may be deemed to beneficially own the 404,013 shares of Common Stock receivable by Holdings upon exercise of the Warrants and the aggregate 5,828,346 shares of Common Stock of the Issuer held directly by Holdings after exercise of the Warrants. The general partner of Master Fund is Chai Trust Company, LLC, an Illinois limited liability company ("General Partner"). (Continued from Footnote 1) Because General Partner is the sole general partner of Master Fund, it may be deemed to beneficially own the 6,340,398 shares of Common Stock held directly by Master Fund and the 5,828,346 shares of Common Stock held directly by Holdings. The Warrants were previously reported as covering 3,959,328 shares of Common Stock at an exercise price of $0.01 per share. The amount of shares to be issued on exercise of the Warrants was adjusted to reflect the Issuer's one for ten reverse stock split that was effective on January 29, 2014 (the "Reverse Stock Split"). The exercise price of the Warrants was changed to reflect the Reverse Stock Split and also to make anti-dilution adjustments required by the terms of the Warrants. Zell Credit Opportunities Master Fund, L.P.; By: Chai Trust Company, LLC, its General Partner; By: /s/ Phillip G. Tinkler, Chief Financial Officer 2015-08-25 Chai Trust Company, LLC; By: /s/ Phillip G. Tinkler, Chief Financial Officer 2015-08-25 ZCOF Par Petroleum Holdings, L.L.C.; By: /s/ Phillip G. Tinkler, Vice President 2015-08-25