0001062993-22-018838.txt : 20220829 0001062993-22-018838.hdr.sgml : 20220829 20220829173116 ACCESSION NUMBER: 0001062993-22-018838 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220825 FILED AS OF DATE: 20220829 DATE AS OF CHANGE: 20220829 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Khosla Victor CENTRAL INDEX KEY: 0001473996 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08754 FILM NUMBER: 221212236 MAIL ADDRESS: STREET 1: 100 WEST PUTNAM AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Strategic Value Partners, LLC CENTRAL INDEX KEY: 0001301912 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08754 FILM NUMBER: 221212239 BUSINESS ADDRESS: STREET 1: 100 WEST PUTNAM AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: (203) 618-3500 MAIL ADDRESS: STREET 1: 100 WEST PUTNAM AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SVP Special Situations III-A LLC CENTRAL INDEX KEY: 0001614275 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08754 FILM NUMBER: 221212237 BUSINESS ADDRESS: STREET 1: 100 WEST PUTNAM AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 203-618-3500 MAIL ADDRESS: STREET 1: 100 WEST PUTNAM AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SVP Special Situations III LLC CENTRAL INDEX KEY: 0001614274 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08754 FILM NUMBER: 221212238 BUSINESS ADDRESS: STREET 1: 100 WEST PUTNAM AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 203-618-3500 MAIL ADDRESS: STREET 1: 100 WEST PUTNAM AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SILVERBOW RESOURCES, INC. CENTRAL INDEX KEY: 0000351817 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 203940661 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 920 MEMORIAL CITY WAY STREET 2: SUITE 850 CITY: HOUSTON STATE: TX ZIP: 77024 BUSINESS PHONE: 2818742700 MAIL ADDRESS: STREET 1: 920 MEMORIAL CITY WAY STREET 2: SUITE 850 CITY: HOUSTON STATE: TX ZIP: 77024 FORMER COMPANY: FORMER CONFORMED NAME: SWIFT ENERGY CO DATE OF NAME CHANGE: 19920703 4 1 form4.xml STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES X0306 4 2022-08-25 0000351817 SILVERBOW RESOURCES, INC. SBOW 0001301912 Strategic Value Partners, LLC 100 WEST PUTNAM AVENUE GREENWICH CT 06830 1 0 1 0 0001614274 SVP Special Situations III LLC C/O STRATEGIC VALUE PARTNERS, LLC 100 WEST PUTNAM AVENUE GREENWICH CT 06830 1 0 1 0 0001614275 SVP Special Situations III-A LLC C/O STRATEGIC VALUE PARTNERS, LLC 100 WEST PUTNAM AVENUE GREENWICH CT 06830 1 0 1 0 0001473996 Khosla Victor C/O STRATEGIC VALUE PARTNERS, LLC 100 WEST PUTNAM AVENUE GREENWICH CT 06830 1 0 1 0 Common Stock 2022-08-25 4 S 0 8904 46.10 D 4215003 I See footnotes Common Stock 2022-08-26 4 S 0 21015 45.48 D 4193988 I See footnotes Common Stock 2022-08-29 4 S 0 81448 44.47 D 4112540 I See footnotes The reported shares are held directly by SVMF 71 LLC, and may be deemed to be held indirectly by Strategic Value Partners, LLC ("Strategic Value Partners"), SVP Special Situations III LLC ("Special Situations III"), SVP Special Situations III-A LLC ("Special Situations III-A"), each as investment manager, and Victor Khosla ("Mr. Khosla" and together with Strategic Value Partners, Special Situations III and Special Situations III-A, the "Reporting Persons"), as the sole member of Midwood Holdings, LLC, the managing member of Strategic Value Partners, in each case as described below. The filing of this Form 4 shall not be construed as an admission that the Reporting Persons or the Funds (as defined below) are members of a "group" for purposes of Section 16 or Section 13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or are or were for the purposes of Section 16(a) of the Exchange Act, or otherwise the beneficial owners of any of the shares of common stock, of SilverBow Resources, Inc. (the "Issuer"). The Reporting Persons and the Funds disclaim such beneficial ownership, except to the extent of their pecuniary interest, and disclaim the existence of, or membership in, a group. Strategic Value Partners is the investment manager of, and exercises investment discretion over Strategic Value Master Fund, Ltd., a Cayman Islands exempted company ("Master Fund"). Master Fund has an ownership interest in SVMF 70 LLC, which has an ownership interest in SVMF 71 LLC. Strategic Value Partners is indirectly majority owned and controlled by Mr. Khosla. Special Situations III is the investment manager of, and exercises investment discretion over Strategic Value Special Situations Master Fund III, L.P., a Cayman Islands exempted limited partnership ("Special Situations Master Fund III"). Special Situations Master Fund III has an ownership interest in SVMF 70 LLC, which has an ownership interest in SVMF 71 LLC. Strategic Value Partners is the managing member of Special Situations III. Strategic Value Partners and Special Situations III are both indirectly majority owned and controlled by Mr. Khosla. Special Situations III-A is the investment manager of, and exercises investment discretion over Strategic Value Opportunities Fund, L.P., a Cayman Islands exempted limited partnership ("Strategic Value Opportunities Fund," and together with Master Fund, Special Situations Master Fund III, SVMF 70 LLC and SVMF 71 LLC, the "Funds"). Strategic Value Opportunities Fund has an ownership interest in SVMF 71 LLC. Strategic Value Partners is the managing member of Special Situations III-A. Strategic Value Partners and Special Situations III-A are both indirectly majority owned and controlled by Mr. Khosla. /s/ James Dougherty, as Fund Chief Financial Officer of Strategic Value Partners, LLC 2022-08-29 /s/ James Dougherty, as Fund Chief Financial Officer of SVP Special Situations III LLC 2022-08-29 /s/ James Dougherty, as Fund Chief Financial Officer of SVP Special Situations III-A LLC 2022-08-29 /s/ Victor Khosla 2022-08-29