4//SEC Filing
Klein Adam J 4
Accession 0000950103-21-014357
CIK 0001670349other
Filed
Sep 20, 8:00 PM ET
Accepted
Sep 21, 6:05 PM ET
Size
22.8 KB
Accession
0000950103-21-014357
Insider Transaction Report
Form 4
Crestview Partners III GP, L.P.
Director10% Owner
Transactions
- Exercise/Conversion
Series B Redeemable Convertible Preferred Stock
2021-09-17−11,500→ 0 total(indirect: See footnote)→ Class A Common Stock - Exercise/Conversion
Class A common stock
2021-09-17+48,912,429→ 69,287,429 total(indirect: See footnote)
Crestview III USWS, L.P.
Director10% Owner
Transactions
- Exercise/Conversion
Class A common stock
2021-09-17+48,912,429→ 69,287,429 total(indirect: See footnote) - Exercise/Conversion
Series B Redeemable Convertible Preferred Stock
2021-09-17−11,500→ 0 total(indirect: See footnote)→ Class A Common Stock
Klein Adam J
Director
Transactions
- Exercise/Conversion
Class A common stock
2021-09-17+48,912,429→ 69,287,429 total(indirect: See footnote) - Exercise/Conversion
Series B Redeemable Convertible Preferred Stock
2021-09-17−11,500→ 0 total(indirect: See footnote)→ Class A Common Stock
Crestview III USWS TE, LLC
Director10% Owner
Transactions
- Exercise/Conversion
Class A common stock
2021-09-17+48,912,429→ 69,287,429 total(indirect: See footnote) - Exercise/Conversion
Series B Redeemable Convertible Preferred Stock
2021-09-17−11,500→ 0 total(indirect: See footnote)→ Class A Common Stock
Footnotes (3)
- [F1]Reflects the conversion of 11,500 shares of Series B Redeemable Convertible Preferred Stock of the Issuer, par value $0.0001 per share ("Series B Preferred Shares") held by Crestview III USWS, L.P. and Crestview III USWS TE, LLC (the "Crestview Entities") into shares of Class A Common Stock of the Issuer, par value $0.0001 per share ("Class A Shares") at a conversion price of $0.308 per share in accordance with the Series B Certificate of Designations.
- [F2]The Series B Preferred Shares have no expiration date.
- [F3]Crestview Partners III GP, L.P. may be deemed to have beneficial ownership of the securities held by the Crestview Entities. Crestview Partners III GP, L.P. exercises voting and dispositive power over the securities held by the Crestview Entities. Decisions by Crestview Partners III GP, L.P. to vote or dispose of such securities require the approval of a majority of the members of its investment committee and the chairman of the investment committee. Adam J. Klein is a member of the Issuer's board of directors. Mr. Klein is a Partner of Crestview, L.L.C. (which is the general partner of Crestview Partners III GP, L.P.) and Crestview Advisors, L.L.C. (which provides investment advisory and management services to the Crestview Entities and certain affiliates). Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein.
Issuer
U.S. WELL SERVICES, INC.
CIK 0001670349
Entity typeother
Related Parties
1- filerCIK 0001483298
Filing Metadata
- Form type
- 4
- Filed
- Sep 20, 8:00 PM ET
- Accepted
- Sep 21, 6:05 PM ET
- Size
- 22.8 KB