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Select Water Solutions, Inc. Director's Dealing 2017

Nov 3, 2017

32209_dirs_2017-11-03_df0f936d-b835-423f-b0ab-0e3e8480ddcb.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: Ladhani Holli C. (Director, President and CEO)

Holdings (Non-Derivative)

Security Shares Ownership
Class A Common Stock 34849 Direct
Class A Common Stock 54411 Indirect
Class A Common Stock 54404 Indirect
Class A Common Stock 46819 Direct
Class A Common Stock 41573 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Options (right to buy) $13.99 2021-03-14 Class A Common Stock (17984) Direct
Stock Options (right to buy) $14.03 2021-03-14 Class A Common Stock (7391) Direct
Stock Options (right to buy) $12.77 2021-03-14 Class A Common Stock (18327) Direct
Stock Options (right to buy) $15.60 2021-03-14 Class A Common Stock (27076) Direct
Stock Options (right to buy) $8.97 2025-12-14 Class A Common Stock (55754) Direct
Stock Options (right to buy) $8.66 2026-12-10 Class A Common Stock (142962) Direct

Footnotes

F1: Received in exchange for 45,543 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 (the "Merger").

F2: Received in exchange for 71,107 shares of Rockwater Class A Common Stock in connection with the Merger.

F3: Represents 54,411 shares of Class A common stock held by Holli Ladhani RES, LLC, of which Ms. Ladhani is the sole member.

F4: Received in exchange for 71,098 shares of Rockwater Class A Common Stock in connection with the Merger.

F5: Represents 54,404 shares of Class A common stock held by Shaheen Ladhani RES, LLC, of which the spouse of Ms. Ladhani is the sole member.

F6: These shares of restricted stock, granted as substitute awards under the Select Energy Services, Inc. 2016 Equity Incentive Plan (the "Plan"), will vest on September 16, 2018.

F7: These shares of restricted stock, granted as substitute awards under the Plan, will vest 1/2 on June 5, 2018 and 1/2 on June 5, 2019.

F8: These options, granted as substitute awards under the Plan, are all exercisable.

F9: 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.

F10: 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.