X0306
4
2018-05-14
0
0000077159
PENN VIRGINIA CORP
PVAC
0001616051
KLS Diversified Asset Management LP
452 FIFTH AVENUE, 22ND FLOOR
NEW YORK
NY
10018
1
0
0
0
Common Stock
2018-05-14
4
S
0
5500
63.15
D
1158054
I
Footnote
Common Stock
2018-05-14
4
S
0
10154
62.55
D
1147900
I
Footnote
Common Stock
2018-05-14
4
S
0
16128
61.61
D
1131772
I
Footnote
Common Stock
2018-05-15
4
S
0
200000
60.94
D
931772
I
Footnote
Common Stock
2018-05-16
4
S
0
17387
63.63
D
914385
I
Footnote
Common Stock
2018-05-16
4
S
0
34557
64.51
D
879828
I
Footnote
KLS Diversified Asset Management LP ("KLS") is the investment manager of KLS Diversified Master Fund L.P., which is the direct owner of 879,828 shares of Common Stock, par value $0.01 per share (the "Common Stock"), of Penn Virginia Corporation (the "Issuer").
The price reported in Column 4 is a weighted average price. These shares of Common Stock were sold in multiple transactions at prices ranging from $63.01 to $63.84, inclusive. KLS undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the ranges set forth in this footnote 2 and footnotes 3, 4, 5, 6 and 7.
The price reported in Column 4 is a weighted average price. These shares of Common Stock were sold in multiple transactions at prices ranging from $62.28 to $62.92, inclusive.
The price reported in Column 4 is a weighted average price. These shares of Common Stock were sold in multiple transactions at prices ranging from $61.50 to $61.88, inclusive.
The price reported in Column 4 is a weighted average price. These shares of Common Stock were sold in multiple transactions at prices ranging from $60.65 to $61.40, inclusive.
The price reported in Column 4 is a weighted average price. These shares of Common Stock were sold in multiple transactions at prices ranging from $63.50 to $63.87, inclusive.
The price reported in Column 4 is a weighted average price. These shares of Common Stock were sold in multiple transactions at prices ranging from $63.90 to $64.87, inclusive.
Michael Hanna, a Portfolio Manager at KLS, serves as a member of the board of directors of the Issuer as the representative of KLS. In connection therewith, KLS may be deemed to be a director by deputization of the Issuer solely for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended. As a result, KLS is listed as a "Reporting Person" in Item 1 and the "Director" box is marked in Item 4 of this Form 4.
KLS Diversified Asset Management LP, By: /s/ Joseph Schneider, Chief Compliance Officer
2018-05-16