Solaris Energy Capital, LLC 4
4 · Solaris Oilfield Infrastructure, Inc. · Filed Feb 2, 2021
Insider Transaction Report
Form 4
Solaris Energy Capital, LLC
10% Owner
Transactions
- Conversion
Solaris Oilfield Infrastructure, LLC Units
2021-02-01−500,000→ 3,913,496 total→ Class A Common Stock (500,000 underlying) - Conversion
Class A Common Stock
2021-02-01+500,000→ 500,000 total - Other
Class B Common Stock
2021-02-01−500,000→ 3,913,496 total
Footnotes (3)
- [F1]Pursuant to the Second Amended and Restated Limited Liability Company Agreement of Solaris Oilfield Infrastructure, LLC ("Solaris LLC"), dated as of May 11, 2017, included as Exhibit 10.1 to the Issuer's Current Report on Form 8-K filed May 17, 2017 (the "Solaris LLC Agreement"), the shares of the Issuer's Class B common stock reported herein were cancelled for no consideration on a one-for-one basis upon the redemption by the Reporting Person of units in Solaris LLC ("Solaris LLC Units") (together with a corresponding number of shares of Class B common stock) for the shares of the Issuer's Class A common stock reported herein (except the shares of Class A common stock described in footnote 2 below).
- [F2]Each share of Class B common stock has no economic rights but entitles its holder to one vote on all matters to be voted on by stockholders generally.
- [F3]Subject to the terms of the Second Amended and Restated Limited Liability Company Agreement of Solaris Oilfield Infrastructure, LLC ("Solaris LLC"), dated as of May 11, 2017, included as Exhibit 10.1 to the Issuer's Current Report on Form 8-K filed May 17, 2017, the units in Solaris LLC (together with a corresponding number of shares of Class B common stock) are exchangeable from time to time for shares of Class A common stock of the Issuer.