4//SEC Filing
CARTER HAROLD D 4
Accession 0000899243-19-011177
CIK 0001745797other
Filed
Apr 24, 8:00 PM ET
Accepted
Apr 25, 9:53 PM ET
Size
12.6 KB
Accession
0000899243-19-011177
Insider Transaction Report
Form 4
CARTER HAROLD D
Director
Transactions
- Award
Brigham Minerals Holdings, LLC Units
2019-04-23+67,811→ 67,811 total(indirect: See Footnote)Exercise: $0.00→ Class A Common Stock (67,811 underlying) - Award
Class A Common Stock
2019-04-23+8,274→ 8,274 total(indirect: See Footnote) - Award
Class B Common Stock
2019-04-23+67,811→ 67,811 total(indirect: See Footnote) - Purchase
Class A Common Stock
2019-04-23$18.00/sh+40,000$720,000→ 48,274 total(indirect: See Footnote)
Footnotes (6)
- [F1]Award of restricted stock units pursuant to the Brigham Minerals, Inc. 2019 Long Term Incentive Plan. The award vests in full on the first anniversary of the grant date, subject to continued employment through the vesting date.
- [F2]These securities are held by HDBC Investments Ltd. ("HDBC"). The Reporting Person is the sole managing member of HDBC's general partner.
- [F3]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.
- [F4]Upon the closing of the Issuer's initial public offering, (i) the Limited Liability Company Agreement of Brigham Minerals Holdings, LLC ("BMH LLC"), of which the Issuer is the managing member, was amended and restated (as amended and restated, the "BMH LLC Agreement") to, among other things, convert all of the membership interests in BMH LLC held by its existing owners, into a single class of units in BMH LLC referred to as BMH LLC Units and (ii) BMH LLC distributed to its members, including HDBC, one share of Class B common stock for each BMH LLC Unit held by such members.
- [F5]2,983 of the BMH LLC Units beneficially owned by the Reporting Person are subject to time-based vesting requirements requiring the continued employment of the Reporting Person through each vesting date.
- [F6]Subject to the terms of the BMH LLC Agreement, each holder of BMH LLC Units may cause BMH LLC to acquire all or a portion of its BMH LLC Units for, at BMH LLC's election, (i) shares of Class A common stock of the Issuer (at a redemption ratio of one share of Class A common stock for each BMH LLC Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions) or (ii) an equivalent amount of cash.
Documents
Issuer
Brigham Minerals, Inc.
CIK 0001745797
Entity typeother
Related Parties
1- filerCIK 0001070027
Filing Metadata
- Form type
- 4
- Filed
- Apr 24, 8:00 PM ET
- Accepted
- Apr 25, 9:53 PM ET
- Size
- 12.6 KB