0000905718-14-000005.txt : 20140106 0000905718-14-000005.hdr.sgml : 20140106 20140106162853 ACCESSION NUMBER: 0000905718-14-000005 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140106 DATE AS OF CHANGE: 20140106 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Gulf Coast Ultra Deep Royalty Trust CENTRAL INDEX KEY: 0001565146 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 466448579 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87492 FILM NUMBER: 14510228 BUSINESS ADDRESS: STREET 1: 333 N. CENTRAL AVENUE CITY: PHOENIX STATE: AZ ZIP: 85004 BUSINESS PHONE: 504.582.8326 MAIL ADDRESS: STREET 1: 333 N. CENTRAL AVENUE CITY: PHOENIX STATE: AZ ZIP: 85004 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Mount Kellett Capital Management LP CENTRAL INDEX KEY: 0001479058 IRS NUMBER: 800230008 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 623 FIFTH AVENUE STREET 2: 18TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-588-6100 MAIL ADDRESS: STREET 1: 623 FIFTH AVENUE STREET 2: 18TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G/A 1 gulfcoast13gam1.htm AMENDMENT NO. 1 gulfcoast13gam1.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
SCHEDULE 13G
 
 
Under the Securities Exchange Act of 1934
(Amendment No.  1)*
 
 
 
Gulf Coast Ultra Deep Royalty Trust
(Name of Issuer)
 
Royalty Trust Units
(Title of Class of Securities)
 
40222T104
(CUSIP Number)
 
January 2, 2014
(Date of Event Which Requires Filing of this Statement)
 


Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:
 
       [   ] Rule 13d-1(b)
       [X] Rule 13d-1(c)
       [   ] Rule 13d-1(d)
 
*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 the disclosures provided in a prior cover page.
 
The information required in 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.  40222T104
 
(1) Names of Reporting Persons.  I.R.S. Identification Nos. of Above Persons (entities only):
 
          Mount Kellett Capital Management LP
 
 
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)  [   ]
  
 
(b)  [   ]
  

 
(3) SEC Use Only
 
 
(4) Citizenship or Place of Organization:  State of Delaware
 
       
Number of Shares
     
Beneficially Owned
(5) Sole Voting Power:
35,759,004*
  
by Each Reporting
(6) Shared Voting Power:
None  
  
Person With
(7) Sole Dispositive Power:
35,759,004*
  
 
(8) Shared Dispositive Power:
None  
  

 
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:   35,759,004*
 
 
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions):   Not applicable
 
 
(11) Percent of Class Represented by Amount in Row (9):   15.5%*
 
 
(12) Type of Reporting Person (See Instructions):   IA
 
  
*As of January 6, 2014 (the “Filing Date”), certain funds and managed accounts (collectively, the “Funds”) affiliated with Mount Kellett Capital Management LP, a Delaware limited partnership (the “Reporting Person”), hold an aggregate of 35,759,004 royalty trust units (the “Royalty Trust Units”) representing beneficial interests in the Gulf Coast Ultra Deep Royalty Trust, a Delaware statutory trust (the “Trust”). Based on the Trust’s Form 10-Q filed with the U.S. Securities and Exchange Commission on November 13, 2013, as of October 31, 2013, there were 230,172,696 Royalty Trust Units issued and outstanding. Accordingly, as of the Filing Date, for the purposes of Rule 13d-3 under the Securities and Exchange Act of 1934, as amended, the Reporting Person is deemed to beneficially own 35,759,004 Royalty Trust Units, or 15.5% of the Royalty Trust Units deemed issued and outstanding. The Reporting Person, through one or more intermediate entities, possesses the sole power to vote and the sole power to direct the disposition of the Royalty Trust Units held by the Funds. 
 
 

  -2-
 
 

 CUSIP No. 40222T104
 
 
Item 1(a) Name Of Issuer:   Gulf Coast Ultra Deep Royalty Trust
 
Item 1(b) Address of Issuer’s Principal Executive Offices:
   
 
c/o The Bank of New York Mellon Trust Company, N.A., as trustee
  Institutional Trust Services
  919 Congress Avenue, Suite 500
 
Austin, Texas 78701
 
 
Item 2(a) Name of Person Filing:  Mount Kellett Capital Management LP
 
Item 2(b) Address of Principal Business Office or, if None, Residence:
 
 
623 Fifth Avenue, 18th Floor
 
New York, New York 10022
 
Item 2(c) Citizenship:  State of Delaware
 
Item 2(d) Title of Class of Securities:   Royalty Trust Units
 
Item 2(e) CUSIP No.:   40222T104
 
 
Item 3. If This Statement Is Filed Pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the Person Filing is a:
 
 
Not applicable.
 
 
 
 
 
 
-3-
 
 
 
 
CUSIP No. 40222T104
 
 
Item 4. Ownership.
 
 
(a) Amount Beneficially Owned:
35,759,004*
  
       
 
(b) Percent of Class:
15.5%*
  
       
 
(c) Number of Shares as to which such person has:
    
       
   
(i) sole power to vote or to direct the vote:
35,759,004*
  
         
   
(ii) shared power to vote or to direct the vote:
0  
  
         
   
(iii) sole power to dispose or to direct the disposition of:
35,759,004*
  
         
   
(iv) shared power to dispose or to direct the disposition of:
0  
  
 
*As of January 6, 2014 (the “Filing Date”), certain funds and managed accounts (collectively, the “Funds”) affiliated with Mount Kellett Capital Management LP, a Delaware limited partnership (the “Reporting Person”), hold an aggregate of 35,759,004 royalty trust units (the “Royalty Trust Units”) representing beneficial interests in the Gulf Coast Ultra Deep Royalty Trust, a Delaware statutory trust (the “Trust”). Based on the Trust’s Form 10-Q filed with the U.S. Securities and Exchange Commission on November 13, 2013, as of October 31, 2013, there were 230,172,696 Royalty Trust Units issued and outstanding. Accordingly, as of the Filing Date, for the purposes of Rule 13d-3 under the Securities and Exchange Act of 1934, as amended, the Reporting Person is deemed to beneficially own 35,759,004 Royalty Trust Units, or 15.5% of the Royalty Trust Units deemed issued and outstanding. The Reporting Person, through one or more intermediate entities, possesses the sole power to vote and the sole power to direct the disposition of the Royalty Trust Units held by the Funds. 
 
 

-4- 
 
 
 
 
CUSIP No. 40222T104
 
  
Item 5. Ownership of Five Percent or Less of a Class
 
Not Applicable.
 
 
Item 6. Ownership of More Than Five Percent on Behalf of Another Person
 
Not Applicable.
 
 
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
 
Not Applicable.
 
 
Item 8. Identification and Classification of Members of the Group
 
Not Applicable.
 
 
Item 9. Notice of Dissolution of Group
 
Not Applicable.
 
 
Item 10. Certification
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
 
 
 

  -5-
 
 

 

CUSIP No. 40222T104
 
 
 
 
 
SIGNATURE
 
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
 
    January 6, 2014    
         
    MOUNT KELLETT CAPITAL MANAGEMENT LP    
         
 
By:
Mount Kellett Capital Management GP LLC,
   
    its general partner    
         
 
 
By: /s/ Jonathan Fiorello  
      Jonathan Fiorello  
      Authorized Signatory  
 
 
 
 
 
 
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
-6-