Fullerton Fund Investments Pte Ltd 4
4 · FTS International, Inc. · Filed Nov 23, 2020
Insider Transaction Report
Form 4
TEMASEK HOLDINGS (PRIVATE) LTD
10% Owner
Transactions
- Other
Common Stock
2020-11-19−2,080,857→ 0 total(indirect: See Footnote) - Award
Warrant (right to buy)
2020-11-19+588,713→ 588,713 total(indirect: See Footnote)Exercise: $33.04Exp: 2023-11-19→ Class A Common Stock (588,713 underlying) - Award
Class A Common Stock
2020-11-19+496,289→ 496,289 total(indirect: See Footnote) - Award
Warrant (right to buy)
2020-11-19+1,471,783→ 1,471,783 total(indirect: See Footnote)Exercise: $37.14Exp: 2023-11-19→ Class A Common Stock (1,471,783 underlying)
Footnotes (5)
- [F1]On September 22, 2020, FTS International, Inc. (the "Company") and certain of its subsidiaries filed petitions for voluntary relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the "Bankruptcy Court"). On September 22, 2020, the Company filed the Joint Prepackaged Chapter 11 Plan of Reorganization of FTS International, Inc. and its Debtor Affiliates (as amended, modified or supplemented from time to time, the "Plan"). On November 19, 2020 (the "Effective Date"), the Plan became effective in accordance with its terms, and the Company emerged from Chapter 11.
- [F2]On the Effective Date, all outstanding shares of the Company's common stock were canceled and extinguished in accordance with the Plan approved by the Bankruptcy Court.
- [F3]Maju Investments (Mauritius) Pte Ltd is wholly owned by Fullerton Fund Investments Pte Ltd, which is wholly owned by Temasek Holdings (Private) Limited. Accordingly, Fullerton Fund Investments Pte Ltd and Temasek Holdings (Private) Limited may be deemed to be indirect beneficial owners of the Class A Common Stock and Warrants beneficially owned directly by Maju Investments (Mauritius) Pte Limited.
- [F4]On the Effective Date, new shares of the Company's Class A Common Stock were issued to the Reporting Person pursuant to the Plan in exchange for the Company's old common stock. The receipt of the Class A Common Stock was involuntary, without additional consideration and in accordance with the Plan.
- [F5]On the Effective Date, the Reporting Person received Warrants to purchase shares of Class A Common Stock. The Warrants are exercisable for one share of Class A Common Stock from the date of issuance until November 19, 2023. The receipt of the Warrants was involuntary, without additional consideration and in accordance with the Plan approved by the Bankruptcy Court.