4//SEC Filing
EDENS WESLEY R 4
Accession 0001209191-20-027821
CIK 0001749723other
Filed
May 6, 8:00 PM ET
Accepted
May 7, 9:27 PM ET
Size
7.3 KB
Accession
0001209191-20-027821
Insider Transaction Report
Form 4
EDENS WESLEY R
DirectorChief Executive Officer10% Owner
Transactions
- Award
New Fortress Intermediate LLC Units
2020-05-05+2,505,312→ 69,347,698 total(indirect: See Footnote)→ Class A Shares (2,505,312 underlying)
Footnotes (3)
- [F1]The New Fortress Intermediate LLC ("NFI") operating agreement provides certain holders of NFI common units ("NFI LLC Units") with certain rights to cause NFI to acquire all or a portion of the NFI LLC Units (the "Redemption Right") for, at NFI's election, (a) Class A shares ("Class A Shares") of New Fortress Energy LLC (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 NFI LLC Units and the right to exercise the Redemption Right have no expiration date.
- [F2]These NFI LLC Units are held directly by New Fortress Energy Holdings LLC ("New Fortress Energy Holdings"). New Fortress Energy Holdings is majority owned and controlled by Fortress Equity Partners (A) LP (the "Fortress Shareholder"), of which the reporting person and WRE 2012 Trust LLC (an entity controlled by the reporting person) are limited partners, and which is indirectly controlled by Fortress Investment Group LLC ("FIG"), the indirect parent of the Issuer through its indirect ownership of Issuer Class B shares.
- [F3]On May 5, 2020, FIG allocated these NFI LLC units held by New Fortress Energy Holdings to the reporting person in a transaction approved in advance by the board of directors of the Issuer.
Documents
Issuer
New Fortress Energy LLC
CIK 0001749723
Entity typeother
Related Parties
1- filerCIK 0001124460
Filing Metadata
- Form type
- 4
- Filed
- May 6, 8:00 PM ET
- Accepted
- May 7, 9:27 PM ET
- Size
- 7.3 KB