SEC Info - Hightower Jack - ‘3’ for 4/12/18 re: Pure Acquisition Corp.

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

HIGHTOWER JACK

(Last)

(First)

(Middle)

C/O HIGHPEAK PURE ACQUISITION, LLC

421 W. 3RD STREET, SUITE 1000

(Street)

FORT WORTH

76102

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
4/12/18

3. Issuer Name and Ticker or Trading Symbol
Pure Acquisition Corp. [ PACQU ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
CEO and President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Class B common stock	⁽¹⁾	⁽¹⁾	Class A common stock	8,505,000 ⁽⁴⁾	⁽¹⁾	I	See Footnotes ⁽²⁾ ⁽³⁾

Explanation of Responses:

(1) The shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the initial business combination or at any time prior thereto at the option of the holder, on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date.

(2) HighPeak Pure Acquisition, LLC ("Acquisition") is the record holder of the shares reported herein. Acquisition is a wholly-owned subsidiary of HighPeak Energy Partners, LP ("HPEP"). HighPeak Energy Partners GP, LP ("HPEP GP") is the sole general partner of HPEP. HighPeak GP, LLC ("HP GP") is the sole general partner of HPEP GP. Jack Hightower has the right to appoint all of the managers to the board of managers of HP GP and is one of three managers of HP GP. Mr. Hightower has the number of votes necessary to constitute a majority of the total number of votes held by all of the managers of HP GP at any given time, which acts by majority vote. As a result, Mr. Hightower may be deemed to have or share beneficial ownership of the common stock held directly by Acquisition.

(3) (Continued from Footnote 2) Mr. Hightower disclaims any such beneficial ownership of such securities to the extent of his 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.

(4) Includes 1,125,000 shares of Class B common stock that are subject to forfeiture if the underwriters in Pure Acquisition Corp.'s initial public offering of units do not exercise their over-allotment option.

Remarks:

Exhibit List: Exhibit 24.1 - Power of Attorney

	/s/ Jack Hightower	4/12/18
	** Signature of Reporting Person	Date
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 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).
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.

Hightower Jack – ‘3’ for 4/12/18 re: Pure Acquisition Corp.

On: Thursday, 4/12/18, at 1:12pm ET · For: 4/12/18 · Accession #: 899243-18-10048 · File #: 1-38454

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Initial Statement of Beneficial Ownership of Securities by an Insider — Form 3 — SEA’34
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