0000899243-22-034350.txt : 20221027 0000899243-22-034350.hdr.sgml : 20221027 20221027183429 ACCESSION NUMBER: 0000899243-22-034350 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20221026 FILED AS OF DATE: 20221027 DATE AS OF CHANGE: 20221027 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BIGLARI, SARDAR CENTRAL INDEX KEY: 0001334430 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16071 FILM NUMBER: 221338589 MAIL ADDRESS: STREET 1: C/O BIGLARI HOLDINGS INC. STREET 2: 17802 IH 10 WEST, SUITE 400 CITY: SAN ANTONIO STATE: TX ZIP: 78257 FORMER NAME: FORMER CONFORMED NAME: Biglari Sardar DATE OF NAME CHANGE: 20050727 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ABRAXAS PETROLEUM CORP CENTRAL INDEX KEY: 0000867665 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 742584033 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 18803 MEISNER DRIVE CITY: SAN ANTONIO STATE: TX ZIP: 78258 BUSINESS PHONE: 2104904788 MAIL ADDRESS: STREET 1: 18803 MEISNER DRIVE CITY: SAN ANTONIO STATE: TX ZIP: 78258 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2022-10-26 0 0000867665 ABRAXAS PETROLEUM CORP AXAS 0001334430 BIGLARI, SARDAR 19100 RIDGEWOOD PARKWAY, SUITE 1200 SAN ANTONIO TX 78259 1 0 1 0 Series A Preferred Stock 2022-10-26 4 J 0 685505 D 0 I See footnote Common Stock 2022-10-26 4 J 0 90631287 A 90631292 I See footnote On October 26, 2022, pursuant to an Exchange Agreement, dated September 27, 2022, by and among Biglari Holdings Inc. ("Biglari Holdings") and the Issuer, Biglari Holdings acquired 90,631,287 shares of Common Stock from the Issuer in exchange for 685,505 shares of Series A Preferred Stock. Following the transactions reported herein, includes (i) 90,631,287 shares of Common Stock held of record by Biglari Holdings and (ii) 5 shares of Common Stock held of record by The Lion Fund, L.P. ("The Lion Fund"). The reporting person is Chairman and Chief Executive Officer of Biglari Holdings and maintains investment and voting control of the securities held by Biglari Holdings. The reporting person is also the sole member, Chairman and Chief Executive Officer of Biglari Capital Corp., which is the general partner of The Lion Fund. By virtue of these relationships, the reporting person may be deemed to share beneficial ownership of the securities reported herein, but disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. /s/ Sardar Biglari 2022-10-27