UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
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 control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
6.0% Conv. Perp. Preferred Stock (?6.0% Preferred Shares?) | Â (2) | Â (2) | Common Stock, $0.001 par value | 18,422,992 (3) | $ (3) | I | See Footnote (4) |
8.5% Conv. Perp. Preferred Stock (?8.5% Preferred Shares?) | Â (5) | Â (6) | Common Stock, $0.001 par value | 11,388,456 (7) | $ (7) | I | See Footnote (8) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 95 WELLINGTON STREET WEST SUITE 800 TORONTO, A6 M5J 2N7 |
 |  X |  |  |
MARKEL INSURANCE CO OF CANADA 55 UNIVERSITY AVENUE SUITE 1500 TORONTO, A6 M5J 2H7 |
 |  X |  |  |
Federated Insurance CO of Canada 717 PORTAGE AVENUE WINNIPEG, A2 R3C 3C9 |
 |  X |  |  |
COMMONWEALTH INSURANCE CO 595 BURRARD STREET SUITE 1500, BOX 49115 BENTALL TOWER III VANCOUVER, A1 V7X 1G4 |
 |  X |  |  |
LOMBARD GENERAL INSURANCE CO OF CANADA 105 ADELAIDE STREET WEST, 3RD FLOOR TORONTO, A6 M5H 1P9 |
 |  X |  |  |
UNITED STATES FIRE INSURANCE CO 305 MADISON AVENUE MORRISSTOWN, NJ 07962 |
 |  X |  |  |
NORTH RIVER INSURANCE CO 305 MADISON AVENUE MORRISSTOWN, NJ 07962 |
 |  X |  |  |
Zenith Insurance Co 21255 CALIFA STREET, WOODLAND HILLS, CA 91367-5021 |
 |  X |  |  |
Falcon Insurance Co (Hong Kong) Ltd 6/F, DCH COMMERCIAL CENTRE, 25 WESTLANDS ROAD, QUARRY BAY, K3 |
 |  X |  |  |
/s/ Paul Rivett, Vice President and Chief Legal Officer | 11/10/2010 | |
**Signature of Reporting Person | Date | |
/s/ Craig Pinnock, Director | 11/10/2010 | |
**Signature of Reporting Person | Date | |
/s/ Craig Pinnock, Director | 11/10/2010 | |
**Signature of Reporting Person | Date | |
/s/ Craig Pinnock, Director | 11/10/2010 | |
**Signature of Reporting Person | Date | |
/s/ Craig Pinnock, Director | 11/10/2010 | |
**Signature of Reporting Person | Date | |
/s/ Paul Bassaline, Vice President | 11/10/2010 | |
**Signature of Reporting Person | Date | |
/s/ Paul Bassaline, Vice President | 11/10/2010 | |
**Signature of Reporting Person | Date | |
/s/ Michael E. Jansen, Executive Vice President and General Counsel | 11/10/2010 | |
**Signature of Reporting Person | Date | |
/s/ Gobinath Arvind Athappan, Chief Executive Officer and Director | 11/11/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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). |
(1) | 277,000 Common Shares are held directly by V. Prem Watsa, 1,440,000 Common Shares are held by Fairfax Inc., 711,400 Common Shares are held by Markel Insurance Company of Canada, 409,000 Common Shares are held by Federated Insurance Company of Canada, 1,112,800 Common Shares are held by Commonwealth Insurance Company, 2,845,400 Common Shares are held by Lombard General Insurance Company of Canada, 202,800 Common Shares are held by United States Fire Insurance Company, 962,000 Common Shares are held by The North River Insurance Company and its subsidiaries, 243,000 Common Shares are held by TIG Insurance Company, 1,000,000 Common Shares are held by Zenith Insurance Company, 4,619,200 Common Shares are held by Odyssey America Reinsurance Corporation and its subsidiaries, 80,000 Common Shares are held by Falcon Insurance Company (Hong Kong) Ltd. and 301,000 Common Shares are held by certain other subsidiaries of Fairfax Financial Holdings Limited. |
(2) | The 6.0% Preferred Shares are convertible into Common Shares at the option of the holder thereof at any time prior to December 21, 2014, on which date the 6.0% Preferred Shares will be automatically converted into Common Shares. |
(3) | Each 6.0% Preferred Share is convertible into approximately 9.21 Common Shares, subject to adjustment under certain circumstances. |
(4) | 70,000 6.0% Preferred Shares are held by Markel Insurance Company of Canada, 40,000 6.0% Preferred Shares are held by Federated Insurance Company of Canada, 110,000 6.0% Preferred Shares are held by Commonwealth Insurance Company, 240,000 6.0% Preferred Shares are held by Lombard General Insurance Company of Canada, 500,000 6.0% Preferred Shares are held by Fairfax Inc., 250,000 6.0% Preferred Shares are held by The North River Insurance Company, 750,000 6.0% Preferred Shares are held by Odyssey America Reinsurance Corporation and 40,000 6.0% Preferred Shares held by pension plans of certain subsidiaries of Fairfax Financial Holdings Limited. |
(5) | The 8.5% Preferred Shares are convertible at any time at the holder's option. |
(6) | After February 20, 2014, Sandridge Energy Inc. may cause all outstanding 8.5% Preferred Shares to automatically convert into Common Shares at the then-prevailing conversion rate if certain conditions are met. |
(7) | Each 8.5% Preferred Share is convertible into 12.4805 Common Shares, subject to adjustment under certain circumstances. |
(8) | 57,600 8.5% Preferred Shares are held by United States Fire Insurance Company, 88,800 8.5% Preferred Shares are held by The North River Insurance Company and its subsidiaries, 69,000 8.5% Preferred Shares are held by TIG Insurance Company, 496,200 8.5% Preferred Shares are held by Odyssey America Reinsurance Corporation and its subsidiaries, 22,700 8.5% Preferred Shares are held by Falcon Insurance Company (Hong Kong) Ltd., 169,600 8.5% Preferred Shares are held by certain other subsidiaries of Fairfax Financial Holdings Limited and 8,600 8.5% Preferred Shares are held by pension plans of certain other subsidiaries of Fairfax Financial Holdings Limited. |