CADENT ENERGY PARTNERS II LP 4
4 · Cactus, Inc. · Filed Jul 18, 2018
Insider Transaction Report
Form 4
Cactus, Inc.WHD
CADENT ENERGY PARTNERS II LP
Director10% Owner
Transactions
- Disposition to Issuer
Class B Common Stock
2018-07-16−9,517,078→ 14,297,466 total - Disposition to Issuer
Units
2018-07-16$32.09/sh−9,517,078$305,366,868→ 14,297,466 total→ Class A Common Stock (9,517,078 underlying)
Footnotes (3)
- [F1]These securities were disposed as part of a redemption of the Reporting Persons' Units.
- [F2]"Units" mean ownership interests in Cactus Wellhead, LLC ("Cactus LLC"). The Issuer is the sole managing member of Cactus LLC.
- [F3]The first amended and restated limited liability company operating agreement of Cactus LLC provides the holders of Units with certain rights to cause Cactus LLC to acquire all or at least a minimum portion of their Units for, at Cactus LLC's election, (x) shares of Class A Common Stock at a redemption ratio of one share of Class A Common Stock for each Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions, or (y) an equivalent amount of cash.