YT Brigham Co Investment Partners, LP 3
3 · Brigham Minerals, Inc. · Filed May 3, 2019
Insider Transaction Report
Form 3
Holdings
- 2,797,554
Class B Common Stock
Brigham Minerals Holdings, LLC Units
Exercise: $0.00→ Class A Common Stock (2,797,554 underlying)
Footnotes (3)
- [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]Upon closing of the initial public offering (the "Offering") of Brigham Minerals, Inc. (the "Issuer"), (i) the Limited Liability Company Agreement of Brigham Minerals Holdings, LLC ("Brigham LLC") was amended and restated (as amended and restated, the "Brigham LLC Agreement") to, among other things, convert all of the membership interests in Brigham LLC held by its existing owners, into a single class of units in Brigham LLC referred to as Brigham LLC Units and (ii) each member of Brigham LLC, including the Reporting Person, received one share of Class B common stock for each Brigham LLC Unit held by such member.
- [F3]Subject to the terms of the Brigham LLC Agreement, the Brigham 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.