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Major owner of Rice Energy just disposed of 9,858,891 shares

Rice Holdings Ngp, a major owner of Rice Energy and a director of the company, recently disposed of 9,858,891 shares of the company. The disposals took place at $15.60 per share, on April 15, 2016. Ngp now owns just 4,478,834 shares of the company. Ngp operates out of Irving, TX. Some additional info was provided as follows:

NGP Rice Holdings LLC sold 9,858,891 shares of common stock to the public in an underwritten public offering of Rice Energy Inc. (the "Issuer") on April 15, 2016 (the "Offering"). Pursuant to the underwriting agreement and in connection with the Offering, NGP Rice Holdings LLC granted the underwriter a 30-day option to purchase the remaining 4,478,834 shares of common stock from NGP Rice Holdings LLC. This form is jointly filed by NGP Rice Holdi ngs LLC ("NGP Holdings"), Natural Gas Partners IX, L.P. and NGP IX Offshore Holdings, L.P. (collectively, "NGP IX"), G.F.W. Energy IX, L.P. ("GFW Energy IX"), GFW IX, L.L.C. ("GFW IX"), NGP Natural Resources X, L.P. and NGP X Parallel Holdings, L.P. (collectively, "NGP X"), G.F.W. Energy X, L.P. ("GFW Energy X"), GFW X, L.L.C. ("GFW X") and NGP Energy Capital Management, L.L.C. ("NGP...