SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* WHITEBOX ADVISORS LLC (Last) (First) (Middle) 3033 EXCELSIOR BLVD., SUITE 300 (Street) MINNEAPOLIS MN 55416 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol PAR PETROLEUM CORP/CO [ PARR ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) X Other (specify below) See Remarks below.
	3. Date of Earliest Transaction (Month/Day/Year) 06/12/2014
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/12/2014		A		14,894	A	$0.00	21,906(1)	D(2)
Common Stock								7,121,151(1)	I(3)	See Footnote(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* WHITEBOX ADVISORS LLC (Last) (First) (Middle) 3033 EXCELSIOR BLVD., SUITE 300 (Street) MINNEAPOLIS MN 55416 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner Officer (give title below) X Other (specify below) See Remarks below.

1. Name and Address of Reporting Person* WHITEBOX ASYMMETRIC PARTNERS LP (Last) (First) (Middle) 3033 EXCELSIOR BOULEVARD, SUITE 300 (Street) MINNEAPOLIS MN 55416 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Remarks Below

1. Name and Address of Reporting Person* Whitebox Multi-Strategy Partners LP (Last) (First) (Middle) 3033 EXCELSIOR BOULEVARD, SUITE 300 (Street) MINNEAPOLIS MN 55416 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Remarks Below

1. Name and Address of Reporting Person* Whitebox Credit Arbitrage Partners, L.P. (Last) (First) (Middle) 3033 EXCELSIOR BOULEVARD, SUITE 300 (Street) MINNEAPOLIS MN 55416 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Remarks Below

1. Name and Address of Reporting Person* Whitebox Concentrated Convertible Arbitrage Partners, L.P. (Last) (First) (Middle) 3033 EXCELSIOR BOULEVARD, SUITE 300 (Street) MINNEAPOLIS MN 55416 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Remarks Below

1. Name and Address of Reporting Person* Pandora Select Partners, L.P. (Last) (First) (Middle) 3033 EXCELSIOR BOULEVARD, SUITE 300 (Street) MINNEAPOLIS MN 55416 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Remarks Below

1. Name and Address of Reporting Person* Whitebox Special Opportunities Fund, LP (Last) (First) (Middle) 3033 EXCELSIOR BOULEVARD, SUITE 300 (Street) MINNEAPOLIS MN 55416 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Remarks Below

1. Name and Address of Reporting Person* WHITEBOX INSTITUTIONAL PARTNERS, LP (Last) (First) (Middle) 3033 EXCELSIOR BOULEVARD, SUITE 300 (Street) MINNEAPOLIS MN 55416 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Remarks Below

1. Name and Address of Reporting Person* Whitebox Mutual Funds (Last) (First) (Middle) 3033 EXCELSIOR BOULEVARD, SUITE 300 (Street) MINNEAPOLIS MN 55416 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Remarks Below

1. Name and Address of Reporting Person* Mercer Jacob Paul (Last) (First) (Middle) 3033 EXCELSIOR BOULEVARD, SUITE 300 (Street) MINNEAPOLIS MN 55416 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director 10% Owner Officer (give title below) X Other (specify below) See Remarks Below

Explanation of Responses:

1. Share amounts have been adjusted to reflect the impact of a 1 for 10 reverse stock split effected by the Issuer on January 29, 2014.

2. Shares are held directly by Jacob Mercer, an associate of Whitebox Advisors, LLC ("WA") and a director of the Issuer. The entities listed in notes (3) and (4) below each disclaim beneficial ownership of the shares attributable to Jacob Mercer and have no pecuniary interest therein.

3. Shares are held directly by Whitebox Asymmetric Partners, L.P. ("WAP"), Whitebox Multi-Strategy Partners, L.P. ("WMSP"), Whitebox Credit Arbitrage Partners, L.P. ("WCRAP"), Whitebox Concentrated Convertible Arbitrage Partners, L.P. ("WCCAP"), Pandora Select Partners, L.P. ("PSP"), Whitebox Special Opportunities Fund, L.P. - Series O ("WSOF"), Whitebox Institutional Partners, L.P. ("WIP") and Whitebox Tactical Opportunities Fund ("WTOF"), which is a series of Whitebox Mutual Funds, a Delaware investment trust.

4. Indirect beneficial ownership is attributable to WA (i) as managing member of Whitebox Asymmetric Advisors, LLC ("WAA"), Whitebox Multi-Strategy Advisors, LLC ("WMSA"), Whitebox Credit Arbitrage Advisors, LLC ("WCRAA"), Whitebox Concentrated Convertible Arbitrage Advisors, LLC ("WCCAA"), Pandora Select Advisors, LLC ("PSA"), and Whitebox Special Opportunities Advisors, LLC ("WSOA"), which act as general partners to WAP, WMSP, WCRAP, WCCAP, PSP and WSOF, respectively; (ii) (ii) as general partner to WIP and (iii) as investment adviser to WTOF.

Remarks:

Based on the relationships described in notes (3) and (4), the entities referenced therein may be deemed to constitute a group for purposes of Rule 13d-5(b)(1) under the Securities Exchange Act of 1934. The filing of this statement shall not be construed as an admission that WA, WAA, WMSA, WCRAA, WCCAA, PSA, WSOA, WAP, WMSP, WCRAP, WCCAP, PSP, WSOF, WIP and WTOF are a group, or have agreed to act as a group. WA, WAA, WMSA, WCRAA, WCCAA, PSA, WSOA, WIA, WTOA, WAP, WMSP, WCRAP, WCCAP, PSP, WSOF, WIP, WTOF and Jacob Mercer each disclaim beneficial ownership of the shares of common stock reported herein except to the extent of their pecuniary interest in such shares.

	/s/ Mark Strefling, Chief Operating Officer, on behalf of Whitebox Advisors, LLC	06/23/2014
	/s/ Jacob Mercer	06/23/2014
	** Signature of Reporting Person	Date
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