Select Water Solutions, Inc. — Director's Dealing 2017

Nov 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Select Energy Services, Inc. (WTTR)
CIK: 0001693256
Period of Report: 2017-11-01

Reporting Person: Stuart David (Senior VP, Water Networks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-01	Class A Common Stock	A	6660	—	Acquired	6660	Direct
2017-11-01	Class A Common Stock	A	1193	—	Acquired	7853	Direct
2017-11-01	Class A Common Stock	A	7502	—	Acquired	15355	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-01	Stock Options (right to buy)	$33.81	A	4653	Acquired	2022-10-15	Class A Common Stock (4653)	Direct
2017-11-01	Stock Options (right to buy)	$8.66	A	28592	Acquired	2026-12-10	Class A Common Stock (28592)	Direct

Footnotes

F1: Received in exchange for 8,704 shares of Class A common stock, $0.01 par value per share, of Rockwater Energy Solutions, Inc. ("Rockwater") in connection with the acquisition of Rockwater by Select Energy Services, Inc.

F2: These shares of restricted stock, granted as substitute awards under the Select Energy Services, Inc. 2016 Equity Incentive Plan (the "Plan"), will vest on October 21, 2018.

F3: These shares of restricted stock, granted as substitute awards under the Plan, will vest 1/3 on each of March 31, 2018, March 31, 2019, and March 31, 2020.

F4: These options, granted as substitute awards under the Plan, are all exercisable.

F5: These options, granted as substitute awards under the Plan, will become exercisable as to 1/3 on each of December 10, 2017, December 10, 2018, and December 10, 2019.