UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)

 

 

 

SandRidge Mississippian Trust I

(Name of Issuer)

 

 

 

Common Units of Beneficial Interest

(Title of Class of Securities)

 

80007T 101

(CUSIP Number)

Philip T. Warman

Senior Vice President and General Counsel

SandRidge Energy, Inc.

and

SandRidge Exploration and Production, LLC

123 Robert S. Kerr Avenue

Oklahoma City, Oklahoma 73102-6406

(405) 429-5500

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

October 2, 2012

(Date of Event Which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨

 

 

 

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SCHEDULE 13D

 

CUSIP NO.: 80007T 101

 

1		NAME OF REPORTING PERSONS   SandRidge Energy, Inc.
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨        (b)  ¨
3		SEC USE ONLY
4		SOURCE OF FUNDS   OO (See Item 3)
5		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM   2(d) or 2(e) ¨
6		CITIZENSHIP OR PLACE OF ORGANIZATION   Delaware
NUMBER OF UNITS BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH				7		SOLE VOTING POWER
				8		SHARED VOTING POWER   528,063 Common Units
				9		SOLE DISPOSITIVE POWER
				10		SHARED DISPOSITIVE POWER   528,063 Common Units
11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   528,063 Common Units
12		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   ¨
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   2.5%
14		TYPE OF REPORTING PERSON   CO

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SCHEDULE 13D

 

CUSIP NO.: 80007T 101

 

1		NAME OF REPORTING PERSONS   SandRidge Exploration and Production, LLC
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨        (b)  ¨
3		SEC USE ONLY
4		SOURCE OF FUNDS   OO (See Item 3)
5		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM   2(d) or 2(e) ¨
6		CITIZENSHIP OR PLACE OF ORGANIZATION   Delaware
NUMBER OF UNITS BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH				7		SOLE VOTING POWER
				8		SHARED VOTING POWER   528,063 Common Units
				9		SOLE DISPOSITIVE POWER
				10		SHARED DISPOSITIVE POWER   528,063 Common Units
11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   528,063 Common Units
12		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   ¨
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   2.5%
14		TYPE OF REPORTING PERSON   OO (Limited Liability Company)

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This Amendment No. 3 relates to the Schedule 13D that was filed on April 19, 2011 (the “Initial Schedule 13D”) by SandRidge Energy, Inc. (“SandRidge”) and SandRidge Exploration and Production, LLC, a wholly owned subsidiary of SandRidge (“SandRidge E&P”), as amended by Amendment No. 1 that was filed on February 24, 2012 and Amendment No. 2 that was filed on June 20, 2012 (the Initial Schedule 13D, as amended, referred to herein as the “Amended Schedule 13D”), relating to common units of beneficial interest (the “Common Units”) of SandRidge Mississippian Trust I, a Delaware statutory trust (the “Issuer”).

Item 5. Interest in Units of the Issuer

Item 5 of the Amended Schedule 13D is hereby amended and supplemented as follows:

(a) As of October 9, 2012, each of SandRidge and SandRidge E&P beneficially owns 528,063 Common Units, all of which Common Units are held directly by SandRidge E&P.

The 528,063 Common Units beneficially owned by SandRidge and SandRidge E&P represent 2.5% of the outstanding Common Units. The percentages set forth in this Item 5 are calculated based upon the number of Common Units outstanding as of August 13, 2012, as disclosed in the Issuer’s Form 10-Q for the quarter ended June 30, 2012.

(b) SandRidge E&P, as the record holder of the Common Units reported herein, and SandRidge, as the sole member of SandRidge E&P, share both voting power and dispositive power with respect to all 528,063 Common Units reported herein.

(c) On October 2, 2012, SandRidge E&P sold 688,000 Common Units at a price of $22.98 per Common Unit in a transaction exempt from registration pursuant to Rule 144 under the Securities Act of 1933, as amended.

On August 31, 2012, Todd N. Tipton, SandRidge’s Executive Vice President - Exploration, sold 1,000 Common Units at a price of $24.9801, less commissions and fees. The sale was executed on behalf of Mr. Tipton by a broker.

(d) Pursuant to the sale described in Item 5(c), SandRidge and SandRidge E&P ceased to beneficially own more than 5% of the Common Units.

 

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

Dated: October 9, 2012

 

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