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
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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 BOULEVARD, 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)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/18/2015
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 08/18/2015 08/18/2015 S 100,000 D $21 8,516,576 I See Footnotes(1)(2)
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
Warrants $0.1 08/31/2012 08/31/2022 Common Stock 345,135 345,135(4) I(3) See Footnotes(1)(2)
1. Name and Address of Reporting Person*
WHITEBOX ADVISORS LLC

(Last) (First) (Middle)
3033 EXCELSIOR BOULEVARD, SUITE 300

(Street)
MINNEAPOLIS MN 55416

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
WHITEBOX GENERAL PARTNER LLC

(Last) (First) (Middle)
3033 EXCELSIOR BOUELVARD, SUITE 300

(Street)
MINNEAPOLIS MN 55416

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. These securities are directly owned by Whitebox Asymmetric Partners, L.P. ("WAP"), Whitebox Multi-Strategy Partners, L.P. ("WMSP"), Whitebox Credit Partners, L.P. (f/k/a Whitebox Credit Arbitrage Partners, L.P.) ("WCRAP"), Whitebox Relative Value Partners, L.P. (f/k/a 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") (together, the "Private Funds") and and Whitebox Tactical Opportunities Fund ("WTOF" and together with the Private Funds, the "Whitebox Funds") and may be deemed to be beneficially owned by (a) Whitebox Advisors LLC ("WA") by virtue of its role as the investment manager of the Whitebox Funds, and (b) Whitebox General Partner LLC ("WGP") by virtue of its role as the general partner of the Private Funds.
2. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
3. Warrants are held directly by WAP, WMSP, WCRAP, WCCAP and PSP.
4. Warrants that may be exercised to acquire shares of the Issuer's common stock are held directly by the Private Funds identified in footnote (3), and were originally acquired by such Private Funds on August 31, 2012 and reported in a Form 3 filed on September 12, 2012. The number of warrant shares currently disclosed reflects the effect of anti-dilution adjustments since that time in connection with the Issuer's 1 for 10 reverse stock split and issuances of additional common stock by the Issuer in settlement of previously unresolved claims under the Issuer's Chapter 11 Plan of Reorganization.
WHITEBOX ADVISORS LLC, BY: /s/ Mark Strefling, Chief Operating Officer 08/20/2015
WHITEBOX GENERAL PARTNER LLC By: /s/ Mark Strefling, Whitebox Advisors LLC, Chief Operating Officer 08/20/2015
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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