SES Legacy Holdings, LLC 4
4 · Select Energy Services, Inc. · Filed May 16, 2018
Insider Transaction Report
Form 4
SES Legacy Holdings, LLC
10% Owner
Transactions
- Other
SES Holdings LLC Unit
2018-05-14−9,948,669→ 26,026,843 total→ Class A Common Stock (9,948,669 underlying) - Other
Class B Common Stock
2018-05-14−9,948,669→ 26,026,843 total
Footnotes (3)
- [F1]Each share of Class B common stock of the Issuer has no economic rights but entitles its holder to one vote on all matters to be voted on by stockholders generally.
- [F2]Reflects the distribution of 9,948,669 limited liability company units of SES Holdings, LLC (each, an "SES Holdings LLC Unit") and 9,948,669 shares of Class B common stock of the Issuer by SES Legacy Holdings, LLC to unitholders of SES Legacy Holdings, LLC.
- [F3]Subject to the terms of the limited liability company agreement of SES Holdings, LLC, by and among SES Legacy Holdings, LLC and the other members thereof, the SES Holdings LLC Units (together with a corresponding number of shares of Class B common stock of the Issuer) are exchangeable from time to time for shares of Class A common stock of the Issuer. The Issuer has the option to deliver cash in lieu of shares of Class A common stock of the Issuer upon the exercise by SES Legacy Holdings, LLC (or any transferee) of its exchange right.