4//SEC Filing
BURKE JAMES R 4
Accession 0001415889-21-005099
CIK 0001697500other
Filed
Nov 7, 7:00 PM ET
Accepted
Nov 8, 5:01 PM ET
Size
11.6 KB
Accession
0001415889-21-005099
Insider Transaction Report
Form 4
BURKE JAMES R
Director
Transactions
- Other
Class B Common Stock
2021-11-05−50,000→ 42,734 total - Conversion
Class A Common Stock
2021-11-05+50,000→ 78,330 total - Conversion
Solaris Oilfield Infrastructure, LLC Units
2021-11-05−50,000→ 42,734 total→ Class A Common Stock (50,000 underlying) - Sale
Class A Common Stock
2021-11-05$8.30/sh−50,000$415,000→ 28,330 total
Footnotes (5)
- [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.
- [F2]Includes 15,687 shares of Class A common stock subject to previously granted Restricted Stock Awards that remain subject to vesting.
- [F3]The Price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.25 to $8.61, inclusive. The reporting person undertakes to provide Solaris Oilfield Infrastructure, Inc., any security holder of Solaris Oilfield Infrastructure, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to the Form 4.
- [F4]Each share of Class B common stock has no economic rights but entitles the holder to one vote on all matters to be voted on by the stockholders generally.
- [F5]Subject to the Solaris LLC Agreement, the Solaris LLC Units (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.
Documents
Issuer
Solaris Oilfield Infrastructure, Inc.
CIK 0001697500
Entity typeother
Related Parties
1- filerCIK 0001227489
Filing Metadata
- Form type
- 4
- Filed
- Nov 7, 7:00 PM ET
- Accepted
- Nov 8, 5:01 PM ET
- Size
- 11.6 KB