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

Nov 3, 2017

SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: Pistono Paul (Exec. VP - Oilfield Chemicals)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	18396	Direct
Class A Common Stock	7502	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (right to buy)	$26.72	2022-09-04	Class A Common Stock (8977)		Direct
Stock Options (right to buy)	$13.62	2025-08-17	Class A Common Stock (21443)		Direct
Stock Options (right to buy)	$8.97	2025-12-14	Class A Common Stock (57184)		Direct
Stock Options (right to buy)	$8.66	2026-12-10	Class A Common Stock (57184)		Direct

Footnotes

F1: Received in exchange for 24,041 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 1/3 on each of March 31, 2018, March 31, 2019, and March 31, 2020.

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 1/2 on November 1, 2017, and become exercisable as to 1/4 on each of August 17, 2018 and August 17, 2019.

F5: These options, granted as substitute awards under the Plan, became exercisable as to 1/3 on November 1, 2017, and become exercisable as to 1/3 on each of December 14, 2017 and December 14, 2018.

F6: 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.