4//SEC Filing
MACK JOHN J 4
Accession 0001140361-20-013525
CIK 0001749723other
Filed
Jun 9, 8:00 PM ET
Accepted
Jun 10, 4:35 PM ET
Size
7.9 KB
Accession
0001140361-20-013525
Insider Transaction Report
Form 4
MACK JOHN J
Director
Transactions
- Exercise of In-Money
Class A Shares
2020-06-09+1,081,584→ 1,263,013 total - Exercise of In-Money
New Fortress Intermediate LLC Units
2020-06-09−1,081,584→ 0 total→ Class A Shares (1,081,584 underlying)
Footnotes (3)
- [F1]The Amended and Restated Limited Liability Company Agreement of New Fortress Intermediate LLC ("NFI") provides certain holders 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]The reporting person has exercised his Redemption Right, pursuant to which, the Issuer will acquire these NFI LLC Units and an equal number of Class B Shares in exchange for Class A Shares.
- [F3]New Fortress Energy Holdings LLC previously distributed these NFI LLC Units to the reporting person on a pro rata basis, together with an equal number of Class B Shares.
Documents
Issuer
New Fortress Energy LLC
CIK 0001749723
Entity typeother
Related Parties
1- filerCIK 0001272147
Filing Metadata
- Form type
- 4
- Filed
- Jun 9, 8:00 PM ET
- Accepted
- Jun 10, 4:35 PM ET
- Size
- 7.9 KB