17 Oct 2008director interest notice● Neutral
Pressburg, LLC director Terrence S Jacobs bought 38,500 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 Oct 2008director interest notice● Neutral
Pressburg, LLC EVP and CFO Kolja Rockov sold 3,560 shares at $50.00.
16 Oct 2008director interest notice● Neutral
Pressburg, LLC director Terrence S Jacobs bought 91,000 shares on the open market.
15 Oct 2008director interest notice● Neutral
Pressburg, LLC director Joseph P Mccoy bought 9,000 shares on the open market at $12.35.
15 Oct 2008material agreement▲ GoodMajor
Agreed to sell its deep Woodford Shale rights under Oklahoma acreage for $229 million while keeping the shallower zones, and separately authorized a unit repurchase program -- pro forma liquidity was expected to top $600 million after the sale.
15 Oct 2008director interest notice● Neutral
Pressburg, LLC SVP Oper. Arden Walker Jr. bought 8,000 shares on the open market at $12.50.
26 Aug 2008material agreement● Neutral
Reaffirmed its $1.85 billion borrowing base after the Verden disposition closed and amended the credit facility to permit up to $100 million of unit buybacks, though none were planned yet.
25 Aug 2008substantial holder notice● Neutral
Lehman Brothers Holdings Inc., Lehman Brothers Inc., LB I Group Inc., Lehman Brothers MLP Partners, LP. of Above Per, Lehman Brothers MLP Associates, L.P. of Above, Lehman Brothers MLP Opportunity Associates LLC, Lehman Brothers MLP Opportunity Associates LP, Lehman Brothers MLP Opportunity Fund LP of Abo, LBPEP Linn Holdings L.L.C., Lehman Brothers PEP Holdings Limited of Above, Lehman Brothers PEP Investments I, L.P. of Abo, Lehman Brothers PEP Investments DE, L.P. of Ab, Lehman Brothers PEP Investments, L.P. of Above, Lehman Brothers Private Equity Partners Limited, Lehman Brothers Private Fund Advisers, LP of A, Lehman Brothers Private Fund Advisers GP, LLC, Lehman Brothers Private Funds Investment Company GP LLC S.S. or I.R.S. Identific, Lehman Brothers Co-Investment Associates, LLC, Lehman Brothers Co-Investment Associates, L.P., Lehman Brothers Co-Investment Partners L.P. of, LBCIP Linn Holdings, LP, Lehman Brothers Co-Investment Group, L.P. of A, Lehman Brothers Cayman GP, Ltd. of Above Perso, Lehman Brothers Offshore Co-Investment Capital Partners Holdings, L.P. S.S. or I, Lehman Brothers Co-Investment Capital Partners, L.P. S.S. or I.R.S. Identificati, Lehman Brothers Holdings Plc., LB Holdings Intermediate reported a Pressburg, LLC shareholding of 8,246,217 shares (7.20% of votes) in a periodic institutional filing.
15 Aug 2008director interest notice● Neutral
Pressburg, LLC SVP Oper. Arden Walker Jr. bought 5,000 shares on the open market at $20.25.
15 Aug 2008director interest notice● Neutral
Pressburg, LLC director Terrence S Jacobs bought 3,000 shares on the open market at $20.55.
23 July 2008director interest notice● Neutral
Pressburg, LLC director George A Alcorn received 3,946 shares as part of the equity award.
23 July 2008director interest notice● Neutral
Pressburg, LLC director Terrence S Jacobs bought 3,000 shares on the open market at $22.40.
23 July 2008director interest notice● Neutral
Pressburg, LLC director Jeffrey C Swoveland received 3,946 shares as part of the equity award.
23 July 2008director interest notice● Neutral
Pressburg, LLC director Terrence S Jacobs received 3,946 shares as part of the equity award.
23 July 2008director interest notice● Neutral
Pressburg, LLC director Joseph P Mccoy received 3,946 shares as part of the equity award.
3 July 2008director interest notice● Neutral
Pressburg, LLC 10%+ owner Lehman Brothers Holdings INC sold 3,500,000 shares.
3 July 2008asset acquisition disposition▲ GoodMajor
Closed the roughly $600 million Appalachian Basin sale to XTO Energy, using proceeds to repay the second lien term loan in full and the rest of the credit facility borrowings. Senior VP Thomas Lopus was terminated and given 24 monthly payments of $15,416.67 plus COBRA reimbursement.
30 June 2008debt financing● NeutralMajor
Agreed to sell $255.9 million of 9.875% senior notes due 2018 to initial purchasers in a private placement. Net proceeds of about $241.6 million were used to repay the second lien term loan.
10 June 2008director interest notice● Neutral
Pressburg, LLC SVP and CAO David B. Rottino received 50,000 shares and a 50,000-share option grant as part of the equity award.
10 June 2008director interest notice● Neutral
David B. Rottino became a Pressburg, LLC SVP and CAO and company insider (initial ownership filing).
5 June 2008material agreement● NeutralMajor
Agreed to sell its Verden-area Oklahoma properties to Laredo Petroleum for $185 million, a second divestiture alongside the XTO deal as Linn began trimming non-core acreage while debt-funded growth continued elsewhere.
2 June 2008director interest notice● Neutral
Pressburg, LLC EVP and CFO Kolja Rockov received 33,900 shares as part of the equity award.
2 June 2008director interest notice● Neutral
Pressburg, LLC SVP Oper. Arden Walker Jr. received 18,650 shares as part of the equity award.
2 June 2008director interest notice● Neutral
Pressburg, LLC Pres & Chief Operating Officer Mark E Ellis received 50,850 shares as part of the equity award.
2 June 2008director interest notice● Neutral
Pressburg, LLC SVP, GC and Secretary Charlene A Ripley received 22,050 shares as part of the equity award.
2 June 2008director interest notice● Neutral
Pressburg, LLC Chairman and CEO Michael C Linn received 67,800 shares as part of the equity award.
22 May 2008director interest notice● Neutral
Pressburg, LLC 10%+ owner Lehman Brothers Holdings INC bought 50 shares on the open market at $23.36.
19 May 2008substantial holder notice● Neutral
Morgan Stanley I.R.S. # disclosed a new substantial Pressburg, LLC shareholding (5.00% of votes).
17 Apr 2008material agreement● NeutralMajor
Agreed to sell its entire Appalachian Basin position to XTO Energy for $600 million, its first major divestiture after two years of pure acquisition, with proceeds earmarked to pay down the credit facility.
28 Feb 2008director interest notice● Neutral
Pressburg, LLC 10%+ owner Lehman Brothers Holdings INC bought 300 shares on the open market.