Sandridge Energy, Inc.
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(Name of Issuer)
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Common Stock, par value $0.001 per share
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(Title of Class of Securities)
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80007P869
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(CUSIP Number)
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December 31, 2016
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(Date of Event Which Requires Filing of this Statement)
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CUSIP No.
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80007P869
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1.
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NAME OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Whitebox Advisors LLC
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) [_]
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(b) [X]
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3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5.
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SOLE VOTING POWER
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0
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6.
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SHARED VOTING POWER
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984,004 (see item 4)
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7.
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SOLE DISPOSITIVE POWER
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0
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8.
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SHARED DISPOSITIVE POWER
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984,004 (see item 4)
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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984,004 (see item 4)
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10.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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[_]
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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4.6% (see item 4)
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12.
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
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CUSIP No.
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80007P869
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1.
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NAME OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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||
Whitebox General Partner LLC
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||
2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) [_]
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||
(b) [X]
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||
3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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||
5.
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SOLE VOTING POWER
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0
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6.
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SHARED VOTING POWER
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984,004 (see item 4)
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||
7.
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SOLE DISPOSITIVE POWER
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0
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8.
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SHARED DISPOSITIVE POWER
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984,004 (see item 4)
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||
9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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984,004 (see item 4)
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||
10.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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[_]
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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4.6% (see item 4)
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12.
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
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CUSIP No.
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80007P869
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Item 1.
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(a).
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Name of Issuer:
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Sandridge Energy, Inc.
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(b).
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Address of issuer's principal executive offices:
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123 Robert S. Kerr Avenue
Oklahoma City, Oklahoma 73102
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Item 2.
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(a).
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Name of person filing:
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This statement is filed by:
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(i)
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Whitebox Advisors LLC, a Delaware limited liability company ("WA");
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(ii)
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Whitebox General Partner LLC, a Delaware limited liability company ("WGP").
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(b).
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Address or principal business office or, if none, residence:
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The address of the business office of WA and WGP is:
3033 Excelsior Boulevard
Suite 300
Minneapolis, MN 55416
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(c).
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Citizenship:
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WA and WGP are organized under the laws of the State of Delaware.
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(d).
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Title of class of securities:
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Common Stock, par value $0.001 per share
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(e).
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CUSIP No.:
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80007P869
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Item 3.
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If This Statement is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a
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(a)
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[_]
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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
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(b)
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[_]
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
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(c)
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[_]
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Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d)
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[_]
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
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(e)
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[_]
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An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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(f)
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[_]
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An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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(g)
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[_]
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A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
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(h)
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[_]
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);
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(i)
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[_]
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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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(j)
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[_]
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A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
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(k)
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[_]
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Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:
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CUSIP No.
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80007P869
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Item 4.
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Ownership.
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(a)
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Amount beneficially owned:
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WA is deemed to be the beneficial owner of 984,004 shares of Common Stock, par value $0.001 per share ("Common Stock") as a result of its indirect beneficial ownership of: (i) 100,862 shares of Common Stock; (ii) 11,500,000 0.00% Convertible Senior Subordinated Notes due 2020 of the Issuer (the "Convertible Notes"), which are convertible into 612,950 additional shares of Common Stock at the option of the holder based on an initial conversion rate of 0.05330841; and (iii) 65,867 Series A Warrants and 204,325 Series B Warrants, exercisable for 270,192 additional shares of Common Stock.
WGP is deemed to be the beneficial owner of 984,004 shares of Common Stock as a result of its indirect beneficial ownership of: (i) 100,862 shares of Common Stock; (ii) 11,500,000 0.00% Convertible Notes, which are convertible into 612,950 additional shares of Common Stock at the option of the holder based on an initial conversion rate of 0.05330841; and (iii) 65,867 Series A Warrants and 204,325 Series B Warrants, exercisable for 270,192 additional shares of Common Stock.
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(b)
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Percent of class:
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WA is deemed to beneficially own 4.6% of the Issuer's Common Stock.
WGP is deemed to beneficially own 4.6% of the Issuer's Common Stock
Percent of class is calculated based on 20,575,551 shares of Common Stock outstanding as of October 31, 2016 as reported in the Issuer's Form 10-Q, filed on November 8, 2016.
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(c)
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Number of shares as to which the person has:
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(i)
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Sole power to vote or to direct the vote
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||||
0
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(ii)
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Shared power to vote or to direct the vote
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||||
WA has shared voting power with respect to 984,004 shares of the Issuer's Common Stock.
WGP has shared voting power with respect to 984,004 shares of the Issuer's Common Stock.
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(iii)
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Sole power to dispose or to direct the disposition of
0
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||||
(iv)
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Shared power to dispose or to direct the disposition of
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|||||
WA has shared voting power with respect to 984,004 shares of the Issuer's Common Stock.
WGP has shared voting power with respect to 984,004 shares of the Issuer's Common Stock.
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||||||
Instruction: For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).
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||||||
Item 5.
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Ownership of Five Percent or Less of a Class.
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X]*.
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Item 6.
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Ownership of More Than Five Percent on Behalf of Another Person.
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Not Applicable
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
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Not Applicable
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Item 8.
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Identification and Classification of Members of the Group.
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Not Applicable
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Item 9.
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Notice of Dissolution of Group.
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Not Applicable
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Item 10.
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Certification.
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
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February 13, 2017
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(Date)
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WHITEBOX ADVISORS LLC
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/s/ Mark Strefling
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(Signature)
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Mark Strefling
Chief Operating Officer
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(Name/Title)
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February 13, 2017
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(Date)
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WHITEBOX GENERAL PARTNER LLC
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/s/ Mark Strefling
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(Signature)
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Mark Strefling
Whitebox Advisors LLC
Chief Operating Officer
|
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(Name/Title)
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February 13, 2017
|
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(Date)
|
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WHITEBOX ADVISORS LLC
|
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/s/ Mark Strefling
|
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(Signature)
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Mark Strefling
Chief Operating Officer
|
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(Name/Title)
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February 13, 2017
|
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(Date)
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WHITEBOX GENERAL PARTNER LLC
|
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/s/ Mark Strefling
|
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(Signature)
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Mark Strefling
Whitebox Advisors LLC
Chief Operating Officer
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(Name/Title)
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