SEC Form 4 · accession 0000899243-16-023097
Nuverra Environmental Solutions, Inc. · NES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark D Johnsrud
Officer — Chairman of the Board and CEO · Director · 10% Owner
Period of report
Jun 14, 2016
Accepted (ET)
Jun 16, 2016 · 4:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001403853
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 14, 2016 | P | 100,000 | $0.2787 | A | 9,634,734 | D | |
| Common StockF2 | holding | — | — | — | 1,305 | I | 401(k) | |
| Common StockF3 | holding | — | — | — | 655,000 | I | By JPJ LP | |
| Common StockF4 | holding | — | — | — | 98,234,375 | I | By Badlands Development II, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.27 to $0.28. The reporting person undertakes to provide to Nuverra Environmental Solutions, Inc., any security holder of Nuverra Environmental Solutions, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in Footnote 1 to this Form 4.
- F2Represents shares of common stock acquired through the Issuer's 401(k) Match Plan as of June 14, 2016, through which the Issuer previously matched its employees' cash contributions with common stock.
- F3These securities are owned directly by JPJ LP, and may also be deemed to be beneficially owned by Mark D. Johnsrud, who controls the entity.
- F4These securities are owned directly by Badlands Development II, LLC, and may also be deemed to be beneficially owned by Mark D. Johnsrud, who owns 100% of the units and acts as its sole managing member.