0001085936-17-000016.txt : 20170210 0001085936-17-000016.hdr.sgml : 20170210 20170210150433 ACCESSION NUMBER: 0001085936-17-000016 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170210 DATE AS OF CHANGE: 20170210 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRECISION DRILLING Corp CENTRAL INDEX KEY: 0001013605 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 000000000 STATE OF INCORPORATION: A0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-52957 FILM NUMBER: 17592530 BUSINESS ADDRESS: STREET 1: 150 - 6TH AVENUE S.W. STREET 2: SUITE 4200 CITY: CALGARY STATE: A0 ZIP: T2P 3Y7 BUSINESS PHONE: 403-716-4500 MAIL ADDRESS: STREET 1: 150 - 6TH AVENUE S.W. STREET 2: SUITE 4200 CITY: CALGARY STATE: A0 ZIP: T2P 3Y7 FORMER COMPANY: FORMER CONFORMED NAME: PRECISION DRILLING TRUST DATE OF NAME CHANGE: 20051121 FORMER COMPANY: FORMER CONFORMED NAME: PRECISION DRILLING CORP DATE OF NAME CHANGE: 19960506 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SYSTEMATIC FINANCIAL MANAGEMENT LP CENTRAL INDEX KEY: 0001085936 IRS NUMBER: 223367558 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O GLENPOINTE EAST 7TH FLOOR STREET 2: 300 FRANK W BURR BOULEVARD CITY: TEANECK STATE: NJ ZIP: 07666 BUSINESS PHONE: 2019281982 MAIL ADDRESS: STREET 1: C/O GLENPOINTE EAST 7TH FLOOR STREET 2: 300 FRANK W BURR BLVD CITY: TEANECK STATE: NJ ZIP: 07666 SC 13G/A 1 Precision.txt PRECISION DRILLING CORPORATION 13G/A_2016 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________ SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No. ____________) PRECISION DRILLING CORPORATION (Name of Issuer) Common Stock (Title of Class of Securities) 74022D308 (CUSIP Number) December 31, 2016 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: X Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) CUSIP NO. 74022D308 13G Page 2 of 6 Pages 1. NAMES OF REPORTING PERSONS Systematic Financial Management, L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 22-3367558 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* N/A (a) (b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION: Teaneck, New Jersey NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 11,289,155 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 14,292,223 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,292,223 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 4.87% 12. TYPE OF REPORTING PERSON* IA *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 74022D308 13G Page 3 of 6 Pages Item 1(a). Name of Issuer: PRECISION DRILLING CORPORATION Item 1(b). Address of Issuer's Principal Executive Offices: 150-6TH AVENUE S.W., SUITE 4200, CALGARY A0 T2P 3Y7 Item 2(a). Name of Person Filing: Michele Egeberg, Compliance Officer & Manager on behalf of SYSTEMATIC FINANCIAL MANAGEMENT, LP Item 2(b). Address of Principal Business Office or, if None, Residence: 300 FRANK W. BURR BLVD., GLENPOINTE EAST, 7TH FLOOR, TEANECK, NJ 07666 Item 2(c). Citizenship: U.S.A. Item 2(d). Title of Class of Securities: Common Stock Item 2(e). CUSIP Number: 74022D308 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) Broker or dealer registered under Section 15 of the Exchange Act. (b) Bank as defined in Section 3(a)(6) of the Exchange Act. (c) Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) Investment company registered under Section 8 of the Investment Company Act. CUSIP NO. 74022D308 13G Page 4 of 6 Pages (e) X An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4. Ownership. (a) Amount beneficially owned: 14,292,223 (b) Percent of class: 4.87% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 11,289,155 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 14,292,223 (iv) Shared power to dispose or to direct the disposition of 0 CUSIP NO. 74022D308 13G Page 5 of 6 Pages Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ X ] Item 6. Ownership of More than Five Percent on Behalf of Another Person N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. N/A Item 8. Identification and Classification of Members of the Group. N/A Item 9. Notice of Dissolution of Group. N/A Item 10. Certifications. [If filed pursuant to Rule 13d-1(b)]: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. [If filed pursuant to Rule 13d-1(c)]: 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. CUSIP NO. 74022D308 13G Page 6 of 6 Pages 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. February 10, 2017 (Date) Michele Egeberg, Compliance Officer & Manager (Name/Title) 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 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).