4//SEC Filing
Yorktown X Associates LLC 4
Accession 0000899243-17-026449
CIK 0001697500other
Filed
Nov 14, 7:00 PM ET
Accepted
Nov 15, 9:23 PM ET
Size
20.2 KB
Accession
0000899243-17-026449
Insider Transaction Report
Form 4
Yorktown X Associates LLC
10% Owner
Transactions
- Conversion
Class A Common Stock
2017-11-14+553,112→ 553,112 total(indirect: See Footnote) - Sale
Class A Common Stock
2017-11-15$15.04/sh−553,112$8,319,468→ 0 total(indirect: See Footnote) - Other
Class B Common Stock
2017-11-14−553,112→ 12,362,622 total(indirect: See Footnote) - Conversion
Solaris Oilfield Infrastructure, LLC Units
2017-11-13−2,107,089→ 12,915,734 total(indirect: See Footnote)→ Class A Common Stock (2,107,089 underlying) - Conversion
Solaris Oilfield Infrastructure, LLC Units
2017-11-14−553,112→ 12,362,622 total(indirect: See Footnote)→ Class A Common Stock (553,112 underlying) - Other
Class B Common Stock
2017-11-13−2,107,089→ 12,915,734 total(indirect: See Footnote) - Conversion
Class A Common Stock
2017-11-13+2,107,089→ 2,107,089 total(indirect: See Footnote) - Sale
Class A Common Stock
2017-11-14$15.04/sh−2,107,089$31,693,147→ 0 total(indirect: See Footnote)
Footnotes (5)
- [F1]Pursuant to the Second Amended and Restated Limited Liability Company Agreement of Solaris Oilfield Infrastructure, LLC ("Solaris LLC"), dated as of May 11, 2017, included as Exhibit 10.1 to the Issuer's Current Report on Form 8-K filed May 17, 2017 (the "Solaris LLC Agreement"), the shares of the Issuer's Class B common stock reported herein were cancelled for no consideration on a one-for-one basis upon the redemption by Yorktown Energy Partners X, L.P., a Delaware limited partnership ("Yorktown X"), of units in Solaris LLC ("Solaris LLC Units") (together with a corresponding number of shares of Class B common stock) for the shares of the Issuer's Class A common stock reported herein.
- [F2]The reporting person disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.
- [F3]These securities are owned directly by Yorktown X. The reporting person is the general partner of Yorktown X Company LP, the general partner of Yorktown X.
- [F4]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.
- [F5]Subject to the terms of the Solaris LLC Agreement, the Solaris 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.
Documents
Issuer
Solaris Oilfield Infrastructure, Inc.
CIK 0001697500
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001687161
Filing Metadata
- Form type
- 4
- Filed
- Nov 14, 7:00 PM ET
- Accepted
- Nov 15, 9:23 PM ET
- Size
- 20.2 KB