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 |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
GSO CAPITAL PARTNERS LP 280 PARK AVENUE 11TH FLOOR NEW YORK, NY 10017 |
 X |  |  | See Remarks |
Goodman Bennett J 280 PARK AVENUE 11TH FLOOR NEW YORK, NY 10017 |
 X |  |  | See Remarks |
Ostrover Douglas I 280 PARK AVENUE 11TH FLOOR NEW YORK, NY 10017 |
 X |  |  | See Remarks |
Smith J Albert III 280 PARK AVENUE 11TH FLOOR NEW YORK, NY 10017 |
 X |  |  | See Remarks |
GSO LLC 280 PARK AVENUE 11TH FLOOR NEW YORK, NY 10017 |
 X |  |  | See Remarks |
/s/ George Fan, Chief Legal Officer / Chief Compliance Officer of GSO Capital Partners LP | 11/05/2007 | |
**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) | GSO Capital is deemed to hold shares of common stock of Sandridge (the "Securities") indirectly as the beneficial owner. These Securities are held by GSO Credit Opportunities Fund (Helios), L.P. (''GSO Helios''), GSO Special Situations Overseas Master Fund Ltd. (''GSO Overseas'') and GSO Special Situations Fund LP (''GSO SS'' and, together with GSO Helios, and GSO Overseas, the ''GSO Funds''). GSO Capital serves as investment manager to the GSO Funds. GSO Capital disclaims beneficial ownership of the Securities except to the extent of its pecuniary interest therein. |
(2) | GSO LLC (the "General Partner") is the general partner of GSO Capital. Bennett J. Goodman (''Mr. Goodman''), J. Albert Smith III (''Mr. Smith'') and Douglas I. Ostrover (''Mr. Ostrover'' and together with Mr. Goodman and Mr. Smith, the ''GSO Managing Members'') are the managing members of the General Partner. The General Partner and the GSO Managing Members (collectively, the ''GSO Persons'') disclaim beneficial ownership of the Securities, and this report shall not be deemed an admission that the GSO Persons are the beneficial owners of the Securities for the purpose of Section 16 or for any other purpose, except to the extent of the GSO Persons' pecuniary interest therein. |
 Remarks: GSO Capital Partners LP ("GSO Capital") may be deemed a director by virtue of the fact that an employee of GSO Capital  Partners (Texas) LP, an affiliate of GSO Capital Partners LP (Dwight Scott) currently serves on the board of directors of  Sandridge Energy, Inc. ("Sandridge"). Shares of Common Stock directly held by Dwight Scott are reported on Mr. Scott's Form 3, dated November 5, 2007. |