X0306
4
2022-06-23
1
0000821483
PAR PACIFIC HOLDINGS, INC.
PARR
0001250731
CHAI TRUST CO LLC
TWO NORTH RIVERSIDE PLAZA
SUITE 600
CHICAGO
IL
60606
0
0
1
0
0001526696
EGI Investors, L.L.C.
2 NORTH RIVERSIDE PLAZA
SUITE 600
CHICAGO
IL
60606
0
0
1
0
0001469407
Zell Credit Opportunities Master Fund, L.P.
2 NORTH RIVERSIDE PLAZA
SUITE 600
CHICAGO
IL
60606
0
0
1
0
Common Stock
2022-06-23
4
S
0
48887
15.5771
D
2678464
I
See footnote
Common Stock
2022-06-23
4
S
0
1113
16.2969
D
2677351
I
See footnote
Common Stock
2022-06-24
4
S
0
50000
15.7557
D
2627351
I
See footnote
Common Stock
3348430
I
See footnote
These shares of Common Stock were sold on behalf of the Zell Credit Opportunities Master Fund, L.P. (the "Master Fund"), through an affiliated fund, Zell Credit Opportunities Sub Fund, LLC ("Sub Fund"). The shares sold represent a portion of the pro rata interest of an outside investor in the Master Fund (the "Outside Investor") and are being sold in connection with the Master Fund reaching maturity and effecting an orderly liquidation and distribution of the proceeds of the sale to the Outside Investor. The Outside Investor's remaining interest represents 2,627,351 of the remaining shares of Common Stock held by the Master Fund (directly and indirectly through Sub Fund). The shares of Common Stock held by the Master Fund not attributable to the Outside Investor are not being sold, transferred or otherwise disposed of at this time.
These shares of Common Stock are held directly by EGI Investors, L.L.C. ("EGI Investors"). The shares of Common Stock held by EGI Investors are not being sold, transferred or otherwise disposed of at this time.
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 $15.19 to $16.18, inclusive. The Reporting Persons undertake 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 sold at each separate price within the range set forth herein.
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 $16.19 to $16.35, inclusive. The Reporting Persons undertake 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 sold at each separate price within the range set forth herein.
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 $15.42 to $16.00, inclusive. The Reporting Persons undertake 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 sold at each separate price within the range set forth herein.
Chai Trust Company, LLC, an Illinois limited liability company, is the general partner of the Master Fund and the managing member of each of EGI Investors and Sub Fund, and in such capacities, may be deemed to indirectly beneficially own these shares of Common Stock.
Chai Trust Company, LLC; By: /s/ Joseph Miron, Chief Legal Officer
2022-06-27
EGI Investors L.L.C.; By: /s/ Joseph Miron, Vice President
2022-06-27
Zell Credit Opportunities Master Fund, L.P.; By: Chai Trust Company, LLC, its General Partner; By: /s/ Joseph Miron, Chief Legal Officer
2022-06-27