FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

1. Name and Address of Reporting Person *

HIGHBRIDGE CAPITAL MANAGEMENT LLC
2. Date of Event Requiring Statement (MM/DD/YYYY)
1/16/2020 

3. Issuer Name and Ticker or Trading Symbol

PARKER DRILLING CO /DE/ [PKD]
(Last)        (First)        (Middle)

277 PARK AVENUE, 23RD FLOOR
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                          ___X___ 10% Owner
_____ Officer (give title below)        _____ Other (specify below)
(Street)

NEW YORK, NY 10172      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

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)
Common Stock, par value $0.01 per share ("Common Stock") 1506959 I See footnotes (1)(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Warrants (Right to Buy)  (3) (3)Common Stock 701809 $48.85 I See footnotes (1)(2)

Explanation of Responses:
(1) The securities reported herein are held by (i) Highbridge Tactical Credit Master Fund, L.P., a Cayman Islands exempted limited partnership ("HTC") and (ii) Highbridge SCF Special Situations SPV, L.P., a Cayman Islands exempted limited partnership ("SCFS" and together with HTC, the "Highbridge Funds"). Highbridge Capital Management, LLC ("HCM") serves as the trading manager of the Highbridge Funds.
(2) The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
(3) These Warrants can be exercised at any time before the Expiration Date (as defined in the Warrant Agreement pursuant to which the Warrants were issued).

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
HIGHBRIDGE CAPITAL MANAGEMENT LLC
277 PARK AVENUE
23RD FLOOR
NEW YORK, NY 10172

X


Signatures
Highbridge Capital Management, LLC, By: /s/ John Oliva, its Chief Compliance Officer1/21/2020
**Signature of Reporting PersonDate

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