Sec Form 4 Filing - REL US Centennial Holdings, LLC @ Centennial Resource Development, Inc. - 2017-11-09

Every director, officer or owner of more than ten percent of a class of equity securities registered under Section 12 of the '34 Act must file with the U.S. Securities and Exchange Commission (SEC) a statement of ownership regarding such security.

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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 *
REL US Centennial Holdings, LLC
2. Issuer Name and Ticker or Trading Symbol
Centennial Resource Development, Inc. [ CDEV]
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)
C/O RIVERSTONE HOLDINGS, 712 FIFTH AVENUE 36TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
11/09/2017
(Street)
NEW YORK, NY10019
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
Class A Common Stock 11/09/2017 S 21,505,417 D $ 19.95 99,637,185 I See footnote ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 ) ( 6 ) ( 7 )
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
REL US Centennial Holdings, LLC
C/O RIVERSTONE HOLDINGS
712 FIFTH AVENUE 36TH FLOOR
NEW YORK, NY10019
X
REL IP General Partner LP
C/O RIVERSTONE HOLDINGS
712 FIFTH AVENUE 36TH FLOOR
NEW YORK, NY10019
X
REL IP General Partner Ltd
C/O RIVERSTONE HOLDINGS
712 FIFTH AVENUE 36TH FLOOR
NEW YORK, NY10019
X
Riverstone Energy Ltd Investment Holdings, LP
C/O RIVERSTONE HOLDINGS
712 FIFTH AVENUE 36TH FLOOR
NEW YORK, NY10019
X
Riverstone Holdings II (Cayman) Ltd.
C/O RIVERSTONE HOLDINGS
712 FIFTH AVENUE 36TH FLOOR
NEW YORK, NY10019
X
Riverstone VI Centennial QB Holdings, L.P.
C/O RIVERSTONE HOLDINGS
712 FIFTH AVENUE 36TH FLOOR
NEW YORK, NY10019
X
RIVERSTONE HOLDINGS LLC
C/O RIVERSTONE HOLDINGS
712 FIFTH AVENUE 36TH FLOOR
NEW YORK, NY10019
X
Silver Run Sponsor, LLC
C/O RIVERSTONE HOLDINGS
712 FIFTH AVENUE 36TH FLOOR
NEW YORK, NY10019
X
Silver Run Sponsor Manager, LLC
C/O RIVERSTONE HOLDINGS
712 FIFTH AVENUE 36TH FLOOR
NEW YORK, NY10019
X
Signatures
REL US Centennial Holdings, LLC by: REL IP General Partner LP, its managing member by: REL IP General Partner Limited, its general partner by: /s/ Thomas J. Walker, Director 11/14/2017
** Signature of Reporting Person Date
REL IP General Partner LP by: REL IP General Partner Limited, its general partner by: /s/ Thomas J. Walker, Managing Director 11/14/2017
** Signature of Reporting Person Date
REL IP General Partner Limited by: /s/ Thomas J. Walker, Director 11/14/2017
** Signature of Reporting Person Date
Riverstone Energy Limited Investment Holdings, LP by: Riverstone Holdings II (Cayman) Ltd., its general partner by: David M. Leuschen, Director by: /s/ Thomas J. Walker, attorney-in-fact 11/14/2017
** Signature of Reporting Person Date
Riverstone Holdings II (Cayman) Ltd. by: David M. Leuschen, Director by: /s/ Thomas J. Walker, attorney-in-fact 11/14/2017
** Signature of Reporting Person Date
Riverstone VI Centennial QB Holdings, L.P. by: Riverstone Energy Partners VI, L.P., its general partner by: Riverstone Energy GP VI, LLC, its general partner by: /s/ Thomas J. Walker, Managing Director 11/14/2017
** Signature of Reporting Person Date
Riverstone Holdings LLC by: /s/ Thomas J. Walker, Authorized Person 11/14/2017
** Signature of Reporting Person Date
Silver Run Sponsor, LLC by: Silver Run Sponsor Manager, LLC, its managing member by: /s/ Thomas J. Walker, Managing Director 11/14/2017
** Signature of Reporting Person Date
Silver Run Sponsor Manager, LLC by: /s/ Thomas J. Walker, Managing Director 11/14/2017
** Signature of Reporting Person Date
Explanation of Responses:
( 1 )Following the transactions reported herein, includes 19,542,288 shares held of record by REL US Centennial Holdings, LLC ("REL US"), 66,114,474 shares held of record by Riverstone VI Centennial QB Holdings, L.P. ("Riverstone QB Holdings"), 4,801,852 shares held of record by Riverstone Non-ECI USRPI AIV, L.P. ("Riverstone Non-ECI"), and 9,178,571 shares held of record by Silver Run Sponsor, of Class A Common Stock.
( 2 )David Leuschen and Pierre F. Lapeyre, Jr. are the managing directors of Riverstone Management Group, L.L.C. ("Riverstone Management"), which is the managing member of Riverstone/Gower Mgmt Co Holdings, L.L.C. ("Riverstone/Gower"), which is the sole member of Riverstone Holdings LLC ("Holdings") and the sole shareholder of Riverstone Holdings II (Cayman) Ltd. ("Holdings II").
( 3 )Holdings is the sole shareholder of Riverstone Energy GP VI Corp, which is the managing member of Riverstone Energy GP VI, LLC, which is the general partner of Riverstone Energy Partners VI, L.P., which is the general partner of Riverstone QB Holdings. Riverstone Energy GP VI, LLC is managed by an eight person managing committee consisting of Pierre F. Lapeyre, Jr., David M. Leuschen, James T. Hackett, Michael B. Hoffman, N. John Lancaster, Andrew W. Ward, Mark G. Papa and, on a rotating basis, one of E. Bartow Jones, Baran Tekkora and Robert M. Tichio
( 4 )(continued) Each of Messrs. Leuschen and Lapeyre, Riverstone Management, Riverstone/Gower, Holdings, Riverstone Energy GP VI Corp, Riverstone Energy GP VI, LLC and Riverstone Energy Partners VI, L.P. may be deemed to share beneficial ownership of the securities held of record by Riverstone QB Holdings. 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.
( 5 )(continued) Holdings II is the general partner of Riverstone Energy Limited Investment Holdings, LP, which is the sole shareholder of REL IP General Partner Limited, which is the general partner of REL IP General Partner LP, which is the managing member of REL US. Each of Messrs. Leuschen and Lapeyre, Riverstone Management, Riverstone/Gower, Holdings II, Riverstone Energy Limited Investment Holdings, LP, REL IP General Partner Limited and REL IP General Partner LP may be deemed to share beneficial ownership of the securities held of record by REL US. Each such person or entity disclaims beneficial ownership of these securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that any such person or entity is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
( 6 )(continued) Riverstone Non-ECI GP Ltd. is the sole member of Riverstone Non-ECI Cayman GP LLC, which is the general partner of Riverstone Non-ECI Partners GP (Cayman), L.P., which is the sole member of Riverstone Non-ECI USRPI AIV GP, L.L.C., which is the general partner of Riverstone Non-ECI. Riverstone Non-ECI GP Ltd. is managed by Mr. Leuschen and Mr. Lapeyre. As such, each of Messrs. Leuschen and Lapeyre, Riverstone Non-ECI GP Ltd., Riverstone Non-ECI Cayman GP LLC, Riverstone Non-ECI Partners GP (Cayman), L.P., and Riverstone Non-ECI USRPI AIV GP, L.L.C. may be deemed to share beneficial ownership of the securities held of record by Riverstone Non-ECI. Each such person or entity disclaims beneficial ownership of these securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that any such person or entity is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
( 7 )Holdings is the managing member of Silver Run Sponsor Manager, LLC, which is the managing member of Silver Run Sponsor. As such, each of Messrs. Leuschen and Lapeyre, Riverstone Management, Riverstone/Gower, Holdings and Silver Run Sponsor Manager, LLC may be deemed to share beneficial ownership of the securities held of record by Silver Run Sponsor. Each such person or entity disclaims beneficial ownership of these securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that any such person or entity is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Remarks:
Due to the limitations of the electronic filing system, each of Riverstone Management Group, L.L.C.; Riverstone/Gower Mgmt Co Holdings, L.L.C.; Riverstone Non-ECI USRPI AIV, L.P.; Riverstone Non-ECI USRPI AIV GP, L.L.C.; Riverstone Non-ECI Partners GP (Cayman), L.P.; Riverstone Non-ECI GP Cayman LLC; Riverstone Non-ECI GP Ltd.; Riverstone Energy Partners VI, L.P.; Riverstone Energy GP VI, LLC; Riverstone Energy GP VI Corp; David M. Leuschen; and Pierre F. Lapeyre Jr. are filing a separate Form 4.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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