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Select Water Solutions, Inc. — Director's Dealing 2017
Nov 2, 2017
32209_dirs_2017-11-02_7974874a-c57f-4d6b-aaf9-30072a59af3a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Select Energy Services, Inc. (WTTR)
CIK: 0001693256
Period of Report: 2017-10-31
Reporting Person: SES Legacy Holdings, LLC (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-10-31 | Class B Common Stock | J | 2487029 | — | Disposed | 35975512 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-10-31 | SES Holdings LLC Unit | $ | J | 2487029 | Disposed | Class A Common Stock (2487029) | 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: Reflects the distribution of 2,487,029 SES Holdings LLC units and 2,487,029 shares of Class B common stock by SES Legacy Holdings, LLC to unitholders of SES Legacy Holdings, LLC.
F3: Subject to the terms of the limited liability company agreement of SES Holdings, LLC, by and 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. 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.