KLX Inc. 4
4 · KLX Energy Services Holdings, Inc. · Filed Sep 17, 2018
Insider Transaction Report
Form 4
KLX Inc.
10% Owner
Transactions
- Other
Common Stock
2018-09-13+20,079,294→ 20,079,394 total - Other
Common Stock
2018-09-14−20,079,394→ 0 total
Footnotes (2)
- [F1]In connection with the spin-off (the "Spin-Off") of KLX Energy Services Holdings, Inc. ("KLX Energy Services") from KLX Inc. ("KLX"), KLX Energy Services issued to KLX, its sole shareholder, 20,079,294 shares of KLX Energy Services common stock which, when combined with the 100 shares held by KLX prior thereto, equals the number of KLX Energy Services shares of common stock distributed by KLX to its stockholders in connection with the Spin-Off.
- [F2]In connection with the Spin-Off, KLX effected the Distribution, as defined in the Distribution Agreement dated July 13, 2018, by and among KLX, KLX Energy Services and KLX Energy Services LLC, on September 14, 2018, and caused to be distributed to each holder of record of KLX common stock as of the record date of September 3, 2018, by means of a pro rata distribution, 0.4 shares of KLX Energy Services common stock for every one share of KLX common stock held of record by such holder as of the record date.