Solaris Energy Capital, LLC 4
4 · Solaris Oilfield Infrastructure, Inc. · Filed Jan 16, 2018
Insider Transaction Report
Form 4
Solaris Energy Capital, LLC
10% Owner
Transactions
- Conversion
Class A Common Stock
2018-01-11+567,444→ 567,444 total - Sale
Class A Common Stock
2018-01-11$21.65/sh−567,444$12,285,163→ 0 total - Other
Class B Common Stock
2018-01-11−567,444→ 4,413,496 total - Conversion
Solaris Oilfield Infrastructure, LLC Units
2018-01-11−567,444→ 4,413,496 total→ Class A Common Stock (567,444 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.