EXPLANATORY NOTE
DEREGISTRATION OF SECURITIES
Pioneer PE Holding LLC, a Delaware limited liability company (f/k/a Pearl Second Merger Sub LLC) (the Company), as successor in
interest to Parsley Energy, Inc., a Delaware corporation (Parsley), is filing these post-effective amendments (these Post-Effective Amendments) to the following Registration Statements on
Form S-8 (the Registration Statements), which were filed by Parsley with the Securities and Exchange Commission (the SEC) on the dates set forth below, to deregister
any and all shares of the Companys Class A common stock, par value $0.01 per share (Class A Common Stock), registered but unissued under each such Registration Statement as of the date hereof:
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1.
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Registration Statement on Form S-8 (No.
333-196295), which was filed by Parsley with the SEC on May 27, 2014, registering 12,727,273 shares of Class A Common Stock under the Parsley Energy, Inc. 2014 Long Term Incentive Plan; and
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2.
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Registration Statement on Form S-8 (No.
333-235882), filed by Parsley with the SEC on January 10, 2020, registering (i) 10,845,524 shares of Class A Common Stock under the Parsley Energy, Inc. 2014 Long Term Incentive Plan and (ii) 734,312
shares of Class A Common Stock issuable upon vesting of outstanding restricted stock units issued under the Jagged Peak Energy Inc. 2017 Long Term Incentive Plan.
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On January 12, 2021, pursuant to the transactions contemplated by the Agreement and Plan of Merger, dated as of October 20, 2020 (the
Merger Agreement), by and among Pioneer Natural Resources Company (Pioneer), Pearl First Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of Pioneer (Merger Sub Inc.), the Company, Pearl Opco
Merger Sub LLC, a Delaware limited liability company and a wholly-owned subsidiary of Pioneer (Opco Merger Sub LLC), Parsley and Parsley Energy, LLC, a Delaware limited liability company (Opco LLC), Merger Sub Inc. was
merged with and into Parsley, with Parsley continuing as the surviving entity, and simultaneously, Opco Merger Sub LLC was merged with and into Opco LLC, with Opco LLC continuing as the surviving entity; immediately following these mergers,
Parsley was merged with and into the Company, with the Company continuing as the surviving entity.
As a result of the completion of the
transactions contemplated by the Merger Agreement, the Company has terminated all offerings of shares of Class A Common Stock pursuant to the Registration Statements. In accordance with the undertakings made by Parsley in the Registration
Statements to remove from registration, by means of a post-effective amendment, any of the securities that had been registered for issuance that remain unsold at the termination of such offerings, the Company hereby removes from registration by
means of these Post-Effective Amendments all shares of Class A Common Stock registered but unsold under the Registration Statements as of the date hereof. The Registration Statements are hereby amended, as appropriate, to reflect the
deregistration of such shares of Class A Common Stock and the Company hereby terminates the effectiveness of the Registration Statements.
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