4//SEC Filing
EDENS WESLEY R 4
Accession 0001140361-20-013205
CIK 0001749723other
Filed
Jun 4, 8:00 PM ET
Accepted
Jun 5, 4:44 PM ET
Size
11.9 KB
Accession
0001140361-20-013205
Insider Transaction Report
Form 4
EDENS WESLEY R
DirectorChief Executive Officer10% Owner
Transactions
- Exercise/Conversion
New Fortress Intermediate LLC Units
2020-06-03−18,997,047→ 0 total(indirect: By Trust)→ Class A Shares (18,997,047 underlying) - Exercise/Conversion
Class A Shares
2020-06-03+50,369,885→ 53,648,084 total - Exercise/Conversion
Class A Shares
2020-06-03+18,997,047→ 18,997,047 total(indirect: By Trust) - Exercise/Conversion
New Fortress Intermediate LLC Units
2020-06-03−50,369,885→ 0 total→ Class A Shares (50,369,885 underlying)
Footnotes (3)
- [F1]The Amended and Restated Limited Liability Company Agreement (the "NFI LLCA") of New Fortress Intermediate LLC ("NFI") provides certain holders of common units ("NFI LLC Units") of NFI with certain rights to cause NFI or New Fortress Energy LLC (the "Issuer") to acquire all or a portion of the NFI LLC Units and an equal number of non-economic Class B common shares (the "Class B Shares") of the Issuer (the "Redemption Right") for, at its election, (a) Class A common shares ("Class A Shares") of the Issuer at a redemption ratio of one Class A Share for each NFI LLC Unit redeemed, subject to conversion rate adjustments for any equity split, equity distribution, reclassification or other similar transaction, or (b) an equivalent amount of cash based on the trading price of a Class A Share on the trading day that is immediately prior to the date of the redemption. The Redemption Right has no expiration date.
- [F2]On June 3, 2020, the reporting person and WRE 2012 Trust LLC, an entity controlled by the reporting person, exercised the Redemption Right and the Issuer became obligated to acquire these NFI LLC Units and an equal number of Class B Shares in exchange for Class A Shares.
- [F3]The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
Documents
Issuer
New Fortress Energy LLC
CIK 0001749723
Entity typeother
Related Parties
1- filerCIK 0001124460
Filing Metadata
- Form type
- 4
- Filed
- Jun 4, 8:00 PM ET
- Accepted
- Jun 5, 4:44 PM ET
- Size
- 11.9 KB