Solaris Energy Capital, LLC 4
4 · Solaris Oilfield Infrastructure, Inc. · Filed Nov 15, 2017
Insider Transaction Report
Form 4
Solaris Energy Capital, LLC
10% Owner
Transactions
- Conversion
Class A Common Stock
2017-11-13+848,954→ 848,954 total - Sale
Class A Common Stock
2017-11-14$15.04/sh−848,954$12,769,287→ 0 total - Other
Class B Common Stock
2017-11-13−848,954→ 5,203,790 total - Conversion
Class A Common Stock
2017-11-14+222,850→ 222,850 total - Sale
Class A Common Stock
2017-11-15$15.04/sh−222,850$3,351,931→ 0 total - Other
Class B Common Stock(2)
2017-11-14−222,850→ 4,980,940 total - Conversion
Solaris Oilfield Infrastructure, LLC Units
2017-11-13−848,954→ 5,203,790 total→ Class A Common Stock (848,954 underlying) - Conversion
Solaris Oilfield Infrastructure, LLC Units
2017-11-14−222,850→ 4,980,940 total→ Class A Common Stock (222,850 underlying)
Footnotes (3)
- [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 the Reporting Person 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]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]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.