SES Legacy Holdings, LLC 4
4 · Select Energy Services, Inc. · Filed Sep 20, 2019
Insider Transaction Report
Form 4
SES Legacy Holdings, LLC
10% Owner
Transactions
- Other
Class B Common Stock
2019-09-13−7,385,705→ 18,461,975 total - Other
Class B Common Stock
2019-08-26−179,163→ 25,847,680 total - Other
SES Holdings LLC Unit
2019-08-26−179,163→ 25,847,680 total→ Class A Common Stock (179,163 underlying) - Other
SES Holdings LLC Unit
2019-09-13−7,385,705→ 18,461,975 total→ Class A Common Stock (7,385,705 underlying)
Footnotes (4)
- [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 179,163 limited liability company units of SES Holdings, LLC (each, an "SES Holdings LLC Unit") and 179,163 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.
- [F4]Reflects the distribution of 7,385,705 SES Holdings LLC Units and 7,385,705 shares of Class B common stock of the Issuer by SES Legacy Holdings, LLC to unitholders of SES Legacy Holdings, LLC.