Sec Form 4 Filing - Silver Run Sponsor, LLC @ Silver Run Acquisition Corp - 2016-02-23

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Silver Run Sponsor, LLC
2. Issuer Name and Ticker or Trading Symbol
Silver Run Acquisition Corp [ SRAQ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
1000 LOUISIANA STREET, SUITE 1450, C/O RIVERSTONE EQUITY
3. Date of Earliest Transaction (MM/DD/YY)
02/23/2016
(Street)
HOUSTON, TX77002
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Class B Common Stock ( 1 ) 02/23/2016 J( 2 ) 1,437,500 ( 1 ) ( 1 ) Class A Common Stock 1,437,500 $ 0 12,817,500 ( 3 ) I See footnote ( 4 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Silver Run Sponsor, LLC
1000 LOUISIANA STREET, SUITE 1450
C/O RIVERSTONE EQUITY
HOUSTON, TX77002
X
Silver Run Sponsor Manager, LLC
C/O SILVER RUN ACQUISITION CORPORATION
1000 LOUISIANA STREET, SUITE 1450
HOUSTON, TX77002
X
RIVERSTONE HOLDINGS LLC
712 FIFTH AVENUE
36TH FLOOR
NEW YORK, NY10019
X
LEUSCHEN DAVID M

X
LAPEYRE PIERRE F JR
C/O RIVERSTONE
712 FIFTH AVENUE 19TH FLOOR
NEW YORK, NY10019
X
Signatures
SILVER RUN SPONSOR, LLC by: Silver Run Sponsor Manager, LLC, its managing member, by: /s/ Thomas J. Walker, Managing Director 02/25/2016
Signature of Reporting Person Date
SILVER RUN SPONSOR MANAGER, LLC by: /s/ Thomas J. Walker, Managing Director 02/25/2016
Signature of Reporting Person Date
RIVERSTONE HOLDINGS LLC by: /s/ Thomas J. Walker, Authorized Person 02/25/2016
Signature of Reporting Person Date
DAVID M. LEUSCHEN, by: /s/ Thomas J. Walker, attorney-in-fact 02/25/2016
Signature of Reporting Person Date
PIERRE F. LAPEYRE, JR., by: /s/ Thomas J. Walker, attorney-in-fact 02/25/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The Class B Common Stock is convertible for the Issuer's Class A Common Stock on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and has no expiration date.
( 2 )On February 23, 2016, the Issuer effected a dividend of Class B common stock. The dividend was issued for the express purpose of maintaining the Class B common stock holders' collective ownership of 20% of thie Issuer's outstanding shares.
( 3 )Includes 1,687,500 shares of Class B Common Stock that are subject to forfeiture if the underwriters in the Issuer's initial public offering of common stock do not exercise their over-allotment option in full.
( 4 )Silver Run Sponsor, LLC is the record holder of the securities reported herein. Silver Run Sponsor Manager, LLC is the managing member of Silver Run Sponsor, LLC. Riverstone Holdings LLC is the managing member of Silver Run Sponsor Manager, LLC. David Leuschen and Pierre F. Lapeyre, Jr. are the managing directors of Riverstone Holdings LLC and have or share voting and investment discretion with respect to the securities held of record by Silver Run Sponsor, LLC. As such, each of Silver Run Sponsor Manager, LLC, Riverstone Holdings LLC, Mr. Leuschen and Mr. Lapeyre may be deemed to have or share beneficial ownership of the common stock held directly by Silver Run Sponsor, LLC. Each such entity or person disclaims any such beneficial ownership of such securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

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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