0001209191-19-048233.txt : 20190904
0001209191-19-048233.hdr.sgml : 20190904
20190904164936
ACCESSION NUMBER: 0001209191-19-048233
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190904
FILED AS OF DATE: 20190904
DATE AS OF CHANGE: 20190904
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McConnaughhay Trudy P
CENTRAL INDEX KEY: 0001440256
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-09827
FILM NUMBER: 191075175
MAIL ADDRESS:
STREET 1: 3584 SIERRA CIRCLE
CITY: SULPHUR
STATE: LA
ZIP: 70665
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PHI INC
CENTRAL INDEX KEY: 0000350403
STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, NONSCHEDULED [4522]
IRS NUMBER: 720395707
STATE OF INCORPORATION: LA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2001 SE EVANGELINE THRUWAY
STREET 2: -
CITY: LAFAYETTE
STATE: LA
ZIP: 70508
BUSINESS PHONE: (337) 235-2452
MAIL ADDRESS:
STREET 1: PO BOX 90808
CITY: LAFAYETTE
STATE: LA
ZIP: 70509
FORMER COMPANY:
FORMER CONFORMED NAME: PETROLEUM HELICOPTERS INC
DATE OF NAME CHANGE: 19920703
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-09-04
1
0000350403
PHI INC
PHIKQ
0001440256
McConnaughhay Trudy P
2001 SE EVANGELINE THRUWAY
LAFAYETTE
LA
70508
0
1
0
0
Chief Financial Officer & Sec.
Non-Voting Common Stock
2019-09-04
4
D
0
27014
D
0
D
On March 14, 2019, the Issuer and certain subsidiaries (together, the "Debtors") filed voluntary petitions (the "Chapter 11 Cases") in the United States Bankruptcy Court for the Northern District of Texas (the "Bankruptcy Court") seeking relief under Chapter 11 of Title 11 of the United States Code. On August 2, 2019, the Bankruptcy Court issued a written order confirming the Debtors' Third Amended Joint Plan of Reorganization, as previously supplemented and as modified by such order (as modified by a subsequent written order issued by the Bankruptcy Court on August 29, 2019, the "Plan"). On September 4, 2019 (the "Effective Date"), the Plan became effective in accordance with its terms and the Debtors emerged from bankruptcy under the Chapter 11 Cases.
As of the Effective Date, all of the Issuer's previously-outstanding equity interests, including shares of its voting and non-voting common stock (the "Old Common Stock") and any unvested rights to acquire such equity interests, were cancelled and extinguished.
Included in this figure are (a) 9,532 unvested time-based restricted stock units that were cancelled and extinguished for no consideration and (b) 17,482 shares of non-voting Old Common Stock that were cancelled and extinguished for the consideration described in footnote 4.
Pursuant to the Plan, the Debtor effectuated certain restructuring transactions (the "Restructuring"), which, among other things, resulted in a new holding company, PHI Group, Inc. ("PHI Group"), becoming the ultimate corporate parent of the Issuer. As provided in the Plan, on the Effective Date, PHI Group issued equity warrants to certain holders of Old Common Stock (including the Reporting Person), which are exercisable for shares of PHI Group common stock (the "Equity Warrants"). The Equity Warrants have a term of three years and represent, in the aggregate, the right to acquire up to 5% of the total equity interests in PHI Group on the Effective Date. The exercise price of the Equity Warrants and the pro rata number of Equity Warrants (and underlying shares of PHI Group common stock) issuable to the Reporting Person will be determined in accordance with the Plan and the warrant agreement under which the Equity Warrants were issued.
Hope M. Spencer as Agent and Attorney-in-Fact for Trudy P. McConnaughhay
2019-09-04