Agee Richard E. 4
4 · Ranger Energy Services, Inc. · Filed Aug 18, 2017
Insider Transaction Report
Form 4
Agee Richard E.
Director
Transactions
- Award
Class B Common Stock
2017-08-16+450,000→ 450,000 total(indirect: See Footnote) - Purchase
Class A Common Stock
2017-08-16$14.50/sh+137,931$2,000,000→ 137,391 total(indirect: See Footnote) - Award
RNGR Energy Services, LLC Units
2017-08-16+450,000→ 450,000 total(indirect: See Footnote)Exercise: $0.00→ Class A Common Stock (450,000 underlying)
Footnotes (4)
- [F1]These securities are owned directly by Bayou Well Holdings Company, LLC ("Bayou Holdings"). The reporting person owns 50.0% of Bayou Holdings. The reporting person disclaims beneficial ownership of these securities except to the extent of his 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.
- [F2]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.
- [F3]In connection with the closing of the initial public offering of Ranger Energy Services, Inc. ("Issuer"), Bayou Holdings was issued 450,000 units in RNGR Energy Services, LLC and 450,000 shares of Class B Common Stock as consideration for the termination of its loan to the Issuer.
- [F4]Subject to the terms of the Ranger LLC Agreement, the Ranger 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.