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) X Other (specify below)
See Remarks Below
3. Date of Earliest Transaction (Month/Day/Year)
09/25/2013
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(1) 09/25/2013 P 33,308,717 A $1.39 71,211,544(2) I(3) See Footnote(4)
Common Stock 70,125 D(5)
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
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) X Other (specify below)
See Remarks Below
1. Name and Address of Reporting Person*
WHITEBOX ASYMMETRIC PARTNERS LP

(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) X Other (specify below)
See Remarks Below
1. Name and Address of Reporting Person*
Whitebox Multi-Strategy Partners LP

(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) X Other (specify below)
See Remarks Below
1. Name and Address of Reporting Person*
Whitebox Credit Arbitrage Partners, L.P.

(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) X Other (specify below)
See Remarks Below
1. Name and Address of Reporting Person*
Whitebox Concentrated Convertible Arbitrage Partners, L.P.

(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) X Other (specify below)
See Remarks Below
1. Name and Address of Reporting Person*
Pandora Select Partners, L.P.

(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) X Other (specify below)
See Remarks Below
1. Name and Address of Reporting Person*
Whitebox Special Opportunities Fund, LP

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

(Street)
MINNEAPOLIS MA 55416

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) X Other (specify below)
See Remarks Below
1. Name and Address of Reporting Person*
WHITEBOX INSTITUTIONAL PARTNERS, LP

(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) X Other (specify below)
See Remarks Below
1. Name and Address of Reporting Person*
Whitebox Mutual Funds

(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) X Other (specify below)
See Remarks Below
1. Name and Address of Reporting Person*
Mercer Jacob Paul

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

(Street)
MINNEAPOLIS MN 55416

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) X Other (specify below)
See Remarks Below
Explanation of Responses:
1. Shares acquired are held directly by Whitebox Asymmetric Partners, L.P. ("WAP"), Whitebox Multi-Strategy Partners, L.P. ("WMSP"), Whitebox Credit Arbitrage Partners, L.P. ("WCRAP"), 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") and Whitebox Tactical Opportunities Fund ("WTOF").
2. The number of shares beneficially owned does not include 621,624 shares previously reported as indirectly beneficially owned by Whitebox Advisors LLC ("WA") by virtue of the fact that it had previously acted as investment manager for HFR RVA Combined Master Trust ("HFR"), the direct owner of such shares. Following the termination of this investment manager relationship, WA no longer has the power to vote and dispose of the shares held by HFR.
3. The general partner: of WAP is Whitebox Asymmetric Advisors, LLC ("WAA"); of WMSP is Whitebox Multi-Strategy Advisors, LLC ("WMSA"); of WCRAP is Whitebox Credit Arbitrage Advisors, LLC ("WCRAA"); of WCCAP is Whitebox Concentrated Convertible Arbitrage Advisors, LLC ("WCCAA"); of PSP is Pandora Select Advisors, LLC ("PSA"); of WSOF is Whitebox Special Opportunities Advisors, LLC ("WSOA"); and of WIP is WA. WTOF is a series of Whitebox Mutual Funds, a Delaware Investment Trust ("WMF") whose investment adviser is WA. The managing member and controlling owner of WAA, WMSA, WCRAA, WCCAA, PSA and WSOA is WA.
4. Indirect beneficial ownership is attributable to WA (i) as managing member of WAA, WMSA, WCRAA, WCCAA, PSA and WSOA, which act as general partners to WAP, WMSP, WCRAP, WCCAP, PSP and WSOF, respectively, (ii) as general partner to WIP and (iii) as investment adviser to WTOF.
5. Shares are held directly by Jacob Mercer, an associate of WA. WA, WAA, WMSA, WCRAA, WCCAA, PSA, WSOA, WAP, WMSP, WCRAP, WCCAP, PSP, WSOF, WIP and WTOF each disclaim beneficial ownership of the shares attributable to Jacob Mercer and have no pecuniary interest therein.
Remarks:
Based on the relationships described in notes (1) and (3), the entities referenced therein may be deemed to constitute a group for purposes of Rule 13d-5(b)(1) under the Securities Exchange Act of 1934. The filing of this statement shall not be construed as an admission that WA, WAA, WMSA, WCRAA, WCCAA, PSA, WSOA, WAP, WMSP, WCRAP, WCCAP, PSP, WSOF, WIP and WTOF are a group, or have agreed to act as a group. WA, WAA, WMSA, WCRAA, WCCAA, PSA, WSOA, WIA, WTOA, WAP, WMSP, WCRAP, WCCAP, PSP, WSOF, WIP, WTOF and Jacob Mercer each disclaim beneficial ownership of the shares of common stock reported herein except to the extent of their pecuniary interest in such shares.
/s/ Jonathan D. Wood, Chief Operating Officer, on behalf of Whitebox Advisors, LLC 10/02/2013
** 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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