4//SEC Filing
MCGOVERN MICHAEL Y 4
Accession 0001699136-21-000177
CIK 0001699136other
Filed
Sep 14, 8:00 PM ET
Accepted
Sep 15, 6:16 PM ET
Size
8.5 KB
Accession
0001699136-21-000177
Insider Transaction Report
Form 4
Cactus, Inc.WHD
MCGOVERN MICHAEL Y
Director
Transactions
- Award
Units
2021-09-13+3,006→ 24,024 total→ Class A Common Stock (3,006 underlying) - Award
Class B Common Stock
2021-09-13+3,006→ 24,024 total
Footnotes (4)
- [F1]On September 13, 2021, Cadent Energy Partners II-GP, L.P., an entity in which the Reporting Person was a limited partner, transferred to the Reporting Person 3,006 shares of the Class B common stock, par value $0.01 per share ("Class B Common Stock"), of Cactus, Inc. (the "Company") and a corresponding number of units representing limited liability company interests ("Units") in Cactus Wellhead, LLC ("Cactus LLC") as part of a pro rata distribution to its limited partners in accordance with the governing documents of Cadent Energy Partners II-GP, L.P.
- [F2]"Units" mean ownership interests in Cactus LLC. The Company is the sole managing member of Cactus LLC.
- [F3]The first amended and restated limited liability company operating agreement of Cactus LLC provides the holders of Units with certain rights to cause Cactus LLC to acquire all or at least a minimum portion of their Units for, at Cactus LLC's election, (x) shares of Class A Common Stock at a redemption ratio of one share of Class A Common Stock for each Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions, or (y) an equivalent amount of cash (the "Redemption Right").
- [F4]Upon the exercise of the Redemption Right, the Issuer (instead of Cactus LLC) has the right to acquire each tendered Unit directly from the exchanging Unit holder for, at its election, (x) shares of Class A Common Stock at a redemption ratio of one share of Class A Common Stock for each Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions, or (y) an equivalent amount of cash.
Documents
Issuer
Cactus, Inc.
CIK 0001699136
Entity typeother
Related Parties
1- filerCIK 0001259039
Filing Metadata
- Form type
- 4
- Filed
- Sep 14, 8:00 PM ET
- Accepted
- Sep 15, 6:16 PM ET
- Size
- 8.5 KB