Sec Form 4 Filing - WL ROSS & CO LLC @ EXCO RESOURCES INC - 2018-04-25

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
WL ROSS & CO LLC
2. Issuer Name and Ticker or Trading Symbol
EXCO RESOURCES INC [ XCOOQ]
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)
1166 AVENUE OF THE AMERICAS
3. Date of Earliest Transaction (MM/DD/YY)
04/25/2018
(Street)
NEW YORK, NY10036
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
Common Stock, par value $0.001 per share 04/25/2018 S 33,423 ( 1 ) D $ 0.3509 301,783 I See Footnotes ( 2 ) ( 3 )
Common Stock, par value $0.001 per share 04/25/2018 S 33,450 ( 1 ) D $ 0.3509 302,018 I See Footnotes ( 2 ) ( 4 )
Common Stock, par value $0.001 per share 04/25/2018 S 33,431 ( 1 ) D $ 0.3509 301,852 I See Footnotes ( 2 ) ( 5 )
Common Stock, par value $0.001 per share 04/25/2018 S 33,425 ( 1 ) D $ 0.3509 301,798 I See Footnotes ( 2 ) ( 6 )
Common Stock, par value $0.001 per share 04/25/2018 S 33,437 ( 1 ) D $ 0.3509 301,905 I See Footnotes ( 2 ) ( 7 )
Common Stock, par value $0.001 per share 04/25/2018 S 33,434 ( 1 ) D $ 0.3509 301,873 I See Footnotes ( 2 ) ( 8 )
Common Stock, par value $0.001 per share 04/25/2018 S 764 ( 1 ) D $ 0.3509 6,903 I See Footnotes ( 2 ) ( 9 )
Common Stock, par value $0.001 per share 04/25/2018 S 49,571 ( 1 ) D $ 0.3509 447,578 I See Footnotes ( 2 ) ( 10 )
Common Stock, par value $0.001 per share 04/25/2018 S 18,386 ( 1 ) D $ 0.3509 166,004 I See Footnotes ( 2 ) ( 11 )
Common Stock, par value $0.001 per share 04/26/2018 S 2,482 ( 1 ) D $ 0.35 299,301 I See Footnotes ( 2 ) ( 3 )
Common Stock, par value $0.001 per share 04/26/2018 S 2,484 ( 1 ) D $ 0.35 299,534 I See Footnotes ( 2 ) ( 4 )
Common Stock, par value $0.001 per share 04/26/2018 S 2,483 ( 1 ) D $ 0.35 299,369 I See Footnotes ( 2 ) ( 5 )
Common Stock, par value $0.001 per share 04/26/2018 S 2,482 ( 1 ) D $ 0.35 299,316 I See Footnotes ( 2 ) ( 6 )
Common Stock, par value $0.001 per share 04/26/2018 S 2,483 ( 1 ) D $ 0.35 299,422 I See Footnotes ( 2 ) ( 7 )
Common Stock, par value $0.001 per share 04/26/2018 S 2,483 ( 1 ) D $ 0.35 299,390 I See Footnotes ( 2 ) ( 8 )
Common Stock, par value $0.001 per share 04/26/2018 S 57 ( 1 ) D $ 0.35 6,846 I See Footnotes ( 2 ) ( 9 )
Common Stock, par value $0.001 per share 04/26/2018 S 3,681 ( 1 ) D $ 0.35 443,897 I See Footnotes ( 2 ) ( 10 )
Common Stock, par value $0.001 per share 04/26/2018 S 1,365 ( 1 ) D $ 0.35 164,639 I See Footnotes ( 2 ) ( 11 )
Common Stock, par value $0.001 per share 04/27/2018 S 37,296 ( 1 ) D $ 0.2529 262,005 I See Footnotes ( 2 ) ( 3 )
Common Stock, par value $0.001 per share 04/27/2018 S 37,325 ( 1 ) D $ 0.2529 262,209 I See Footnotes ( 2 ) ( 4 )
Common Stock, par value $0.001 per share 04/27/2018 S 37,304 ( 1 ) D $ 0.2529 262,065 I See Footnotes ( 2 ) ( 5 )
Common Stock, par value $0.001 per share 04/27/2018 S 37,298 ( 1 ) D $ 0.2529 262,018 I See Footnotes ( 2 ) ( 6 )
Common Stock, par value $0.001 per share 04/27/2018 S 37,312 ( 1 ) D $ 0.2529 262,110 I See Footnotes ( 2 ) ( 7 )
Common Stock, par value $0.001 per share 04/27/2018 S 37,307 ( 1 ) D $ 0.2529 262,083 I See Footnotes ( 2 ) ( 8 )
Common Stock, par value $0.001 per share 04/27/2018 S 853 ( 1 ) D $ 0.2529 5,993 I See Footnotes ( 2 ) ( 9 )
Common Stock, par value $0.001 per share 04/27/2018 S 55,314 ( 1 ) D $ 0.2529 388,583 I See Footnotes ( 2 ) ( 10 )
Common Stock, par value $0.001 per share 04/27/2018 S 20,516 ( 1 ) D $ 0.2529 144,123 I See Footnotes ( 2 ) ( 11 )
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
WL ROSS & CO LLC
1166 AVENUE OF THE AMERICAS
NEW YORK, NY10036
X
WLR Recovery Associates IV LLC
1166 AVENUE OF THE AMERICAS
NEW YORK, NY10036
X
WLR IV Exco AIV One, L.P.
1166 AVENUE OF THE AMERICAS
NEW YORK, NY10036
X
WLR IV Exco AIV Two, L.P.
1166 AVENUE OF THE AMERICAS
NEW YORK, NY10036
X
WLR IV Exco AIV Three, L.P.
1166 AVENUE OF THE AMERICAS
NEW YORK, NY10036
X
WLR IV Exco AIV Four, L.P.
1166 AVENUE OF THE AMERICAS
NEW YORK, NY10036
X
WLR IV Exco AIV Five, L.P.
1166 AVENUE OF THE AMERICAS
NEW YORK, NY10036
X
WLR IV Exco AIV Six, L.P.
1166 AVENUE OF THE AMERICAS
NEW YORK, NY10036
X
Signatures
WL ROSS & CO. LLC By: Benjamin Gruder, authorized person 04/27/2018
Signature of Reporting Person Date
WLR SELECT ASSOCIATES LLC By: WL Ross & Co. LLC, its Managing Member By: Benjamin Gruder, authorized person 04/27/2018
Signature of Reporting Person Date
WLR SELECT CO-INVESTMENT XCO AIV, L.P. By: WLR Select Associates LLC, its General Partner By: WL Ross & Co. LLC, its Managing Member By: Benjamin Gruder, authorized person 04/27/2018
Signature of Reporting Person Date
WLR MASTER CO-INVESTMENT GP, LLC By: WL Ross & Co.. LLC, its Managing Member By: Benjamin Gruder, authorized person 04/27/2018
Signature of Reporting Person Date
INVESCO WLR IV ASSOCIATES LLC By: INVESCO Private Capital, Inc., its Managing Member By: Benjamin Gruder, authorized person 04/27/2018
Signature of Reporting Person Date
INVESCO PRIVATE CAPITAL, INC. By: Benjamin Gruder, authorized person 04/27/2018
Signature of Reporting Person Date
WLR/GS MASTER CO-INVESTMENT XCO AIV, L.P. By: WLR Master Co-Investment GP, LLC, its General Partner By: WL Ross & Co. LLC, its Managing Member By: Benjamin Gruder, authorized person 04/27/2018
Signature of Reporting Person Date
WLR IV PARALLEL ESC, L.P. By: INVESCO WLR IV ASSOCIATES LLC, its General Partner By: INVESCO Private Capital, Inc., its Managing Member By: Benjamin Gruder, authorized person 04/27/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares disposed of through over-the-counter transactions.
( 2 )WL Ross & Co. LLC ("WLR LLC") is the investment manager of Fund IV AIV One, Fund IV AIV Two, Fund IV AIV Three, Fund IV AIV Four, Fund IV AIV Five, Fund IV AIV Six, Parallel Fund, Co-Invest Fund AIV and WLR/GS Fund AIV. WLR Recovery Associates IV LLC ("Fund IV") is the general partner of Fund IV AIV One, Fund IV AIV Two, Fund IV AIV Three, Fund IV AIV Four, Fund IV AIV Five and Fund IV AIV Six. Fund IV is the general partner of Fund IV AIV One, Fund IV AIV Two, Fund IV AIV Three, Fund IV AIV Four, Fund IV AIV Five and Fund IV AIV Six. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of Parallel Fund. WLR Select Associates LLC is the general partner of Co-Invest Fund AIV. WLR Master Co-Investment GP, LLC is the general partner of WLR/GS Fund AIV.
( 3 )These shares are held by WLR IV Exco AIV One, L.P. ("Fund IV AIV One").
( 4 )These shares are held by WLR IV Exco AIV Two, L.P. ("Fund IV AIV Two").
( 5 )These shares are held by WLR IV Exco AIV Three, L.P. ("Fund IV AIV Three").
( 6 )These shares are held by WLR IV Exco AIV Four, L.P. ("Fund IV AIV Four").
( 7 )These shares are held by WLR IV Exco AIV Five, L.P. ("Fund IV AIV Five").
( 8 )These shares are held by WLR IV Exco AIV Six, L.P. ("Fund IV AIV Six").
( 9 )These shares are held by WLR IV Parallel ESC, L.P. ("Parallel Fund").
( 10 )These shares are held by WLR Select Co-Investment XCO AIV, L.P. ("Co-Invest Fund AIV").
( 11 )These shares are held by WLR/GS Master Co-Investment XCO AIV, L.P. ("WLR/GS Fund AIV").

Remarks:
This Form 4 is being filed in two parts due to the large number of Reporting Persons. Please reference the Form 4 filing filed on the date hereof separately by WLR LLC, Co-Invest Fund AIV, WLR Select Associates LLC, WLR Master, INVESCO WLR IV Associates LLC, Invesco Private Capital, Inc., WLR/GS Fund AIV and Parallel Fund. Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the "Act"), each Reporting Person may be deemed to be the beneficial owner of the securities reported herein only to the extent of his pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that each Reporting Person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities reported herein in excess of such amount.

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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.