Matlin & Partners Acquisition Sponsor LLC 4
4 · U.S. WELL SERVICES, INC. · Filed Nov 14, 2018
Insider Transaction Report
Form 4
Transactions
- Conversion
Class A Common Stock
2018-11-09+5,150,000→ 5,150,000 total - Purchase
Class A Common Stock
2018-11-09$10.15/sh+66,502$674,995→ 5,216,502 total - Other
Warrants
2018-11-09−6,782,258→ 7,717,742 totalExercise: $5.75From: 2018-12-09Exp: 2023-11-09→ Class A Common Stock (3,391,129 underlying) - Purchase
Warrants
2018-11-09+532,258→ 8,250,000 totalExercise: $5.75From: 2018-12-09Exp: 2023-11-09→ Class A Common Stock (266,129 underlying) - Other
Class F Common Stock
2018-11-09−2,975,000→ 5,150,000 total→ Class A Common Stock (2,975,000 underlying) - Conversion
Class F Common Stock
2018-11-09−5,150,000→ 0 total→ Class A Common Stock (5,150,000 underlying)
Footnotes (3)
- [F1]Prior to the transactions reported herein, the Class F Common Stock ("Class F Common Stock") of U.S. Well Services, Inc. (f/k/a Matlin & Partners Acquisition Corporation) (the "Issuer") was held of record by Matlin & Partners Acquisition Sponsor LLC ("Sponsor"). In connection with the closing of the initial business combination of the Issuer (the "Initial Business Combination"), each share of Class F Common Stock automatically converted into Class A Common Stock ("Class A Common Stock") of the Issuer on a 1-to-1 basis (the "Conversion").
- [F2]Pursuant to that certain subscription agreement entered into by and among Sponsor with several parties named therein, Sponsor transferred to Crestview (as defined therein) 6,782,258 warrants of the Issuer in connection with Crestview purchasing a certain number of shares of Class A Common Stock and providing a backstop in connection with the Initial Business Combination.
- [F3]Prior to the Conversion and pursuant to that certain sponsor agreement, as amended, Sponsor surrendered 2,975,000 shares of Class F Common Stock to the Issuer to be cancelled.