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Seventy Seven Energy Inc. 4

Accession 0000899243-16-026058

CIK 0001532930operating

View on SEC.gov Company Profile

Filed

Jul 31, 8:00 PM ET

Accepted

Aug 1, 7:35 PM ET

Size

18.7 KB

Accession

0000899243-16-026058

Insider Transaction Report

Form 4

Period: 2016-07-28

Seventy Seven Energy Inc.SSEIQ

Chief Operating Officer

Transactions

Tax Payment
Common Stock
2016-07-28$0.10/sh−128,144$13,455→ 273,565 total
Other
Common Stock
2016-08-01−3,478→ 0 total(indirect: By 401(k))
Award
Class C Warrants to purchase Common Stock
2016-08-01+15,210→ 15,210 total
Exercise: $86.93From: 2016-08-01Exp: 2023-08-01→ Common Stock (15,210 underlying)
Award
Class B Warrants to purchase Common Stock
2016-08-01+174→ 174 total(indirect: By 401(k))
Exercise: $69.08From: 2016-08-01Exp: 2021-08-01→ Common Stock (174 underlying)
Award
Class C Warrants to purchase Common Stock
2016-08-01+193→ 193 total(indirect: By 401(k))
Exercise: $86.93From: 2016-08-01Exp: 2023-08-01→ Common Stock (193 underlying)
Other
Common Stock
2016-08-01−273,565→ 0 total
Award
Class B Warrants to purchase Common Stock
2016-08-01+13,689→ 13,689 total
Exercise: $69.08From: 2016-08-01Exp: 2021-08-01→ Common Stock (13,689 underlying)

Footnotes (3)

[F1]Reflects shares that were withheld for payment of required withholding taxes upon the vesting of a portion of a previously reported restricted stock award. Pursuant to the Confirmation Order (the "Confirmation Order") issued by the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") on July 14, 2016, all restricted stock and restricted stock units were deemed vested upon the effective date of the Issuer's emergence from Chapter 11, which occurred on August 1, 2016.
[F2]Pursuant to the Confirmation Order and Plan of Reorganization approved by the Bankruptcy Court, the Issuer's common stock (SSEIQ) was automatically cancelled on August 1, 2016 without any action on the part of the Reporting Person.
[F3]Received on August 1, 2016 after shares of the Issuer's Common Stock were cancelled (as described above), pursuant to the Confirmation Order and Plan of Reorganization approved by the Bankruptcy Court.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

Seventy Seven Energy Inc.

CIK 0001532930

Entity typeoperating

IncorporatedOK

Related Parties

1

filerCIK 0001532930

Filing Metadata

Form type: 4
Filed: Jul 31, 8:00 PM ET
Accepted: Aug 1, 7:35 PM ET
Size: 18.7 KB

View on SEC.gov