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Select Water Solutions, Inc. — Director's Dealing 2017
Nov 3, 2017
32209_dirs_2017-11-03_98cd0872-2006-44ca-8632-66b33708cbe5.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Select Energy Services, Inc. (WTTR)
CIK: 0001693256
Period of Report: 2017-11-01
Reporting Person: Skarke Michael (Exec. VP, Water Solutions)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class B Common Stock | 28063 | Indirect |
| Class A Common Stock | 1025 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| SES Holdings LLC Unit | $0 | Class A Common Stock (28063) | Indirect | ||
| Stock Options (right to buy) | $20.00 | 2024-01-23 | Class A Common Stock (9549) | Direct |
Footnotes
F1: Each share of Class B common stock has no economic rights but entitles its holder to one vote on all matters to be voted on by stockholders generally.
F2: Represents 28,063 SES Holdings LLC Units and 28,063 shares of Class B common stock held directly by SES Legacy Holdings, LLC for which Michael Skarke may be deemed to be the beneficial owner. Michael Skarke generally has the right to acquire beneficial ownership of such 28,063 SES Holdings LLC Units and 28,063 shares of Class B common stock held by SES Legacy Holdings, LLC at his election pursuant to the SES Legacy Holdings, LLC limited liability company agreement.
F3: These restricted stock units represent a contingent right to receive one share of Class A common stock, and such restricted stock units will vest in full on January 23, 2018. Shares of Class A common stock will be delivered to Mr. Skarke within 30 days of the vesting date.
F4: Subject to the terms of the limited liability company agreement of SES Holdings, LLC among SES Legacy Holdings, LLC and the other members thereof, the SES Holdings LLC Units (together with a corresponding number of shares of Class B common stock) are exchangeable from time to time for shares of Class A common stock of the Issuer. Each of SES Holdings, LLC and the Issuer has the option to deliver cash in lieu of shares of Class A common stock upon the exercise by SES Legacy Holdings, LLC (or any transferee) of its exchange right.