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: Nightingale David (Exec. VP - Wellsite Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-01	Class A Common Stock	A	33681	—	Acquired	33681	Direct
2017-11-01	Class A Common Stock	A	52259	—	Acquired	85940	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-01	Stock Options (right to buy)	$23.80	A	12602	Acquired	2022-05-01	Class A Common Stock (12602)	Direct
2017-11-01	Stock Options (right to buy)	$27.71	A	9020	Acquired	2023-07-15	Class A Common Stock (9020)	Direct
2017-11-01	Stock Options (right to buy)	$8.97	A	39028	Acquired	2025-12-14	Class A Common Stock (39028)	Direct
2017-11-01	Stock Options (right to buy)	$8.66	A	85777	Acquired	2026-12-10	Class A Common Stock (85777)	Direct

Footnotes

F1: Received in exchange for 44,017 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 April 10, 2018.

F3: These options, granted as substitute awards under the Plan, are all exercisable.

F4: These options, granted as substitute awards under the Plan, became exercisable as to 1/3 on November 1, 2017, and become exercisable to 1/3 on December 14, 2017 and 1/3 on December 14, 2018.

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