SEC Form 4 · accession 0000899243-17-019930
Nuverra Environmental Solutions, Inc. · NES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark D Johnsrud
Officer — SEE REMARKS · Director · Other
Period of report
Aug 7, 2017
Accepted (ET)
Aug 9, 2017 · 4:56 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,F2 | Aug 7, 2017 | J | 29,947,234 | $0.00 | D | 0 | D | |
| Common StockF1,F2 | Aug 7, 2017 | J | 1,305 | $0.00 | D | 0 | I | 401(k) |
| Common StockF1,F2,F3 | Aug 7, 2017 | J | 655,000 | $0.00 | D | 0 | I | By JPJ LP |
| Common StockF1,F2,F4 | Aug 7, 2017 | J | 98,234,375 | $0.00 | D | 0 | I | By Badlands Development II, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On May 1, 2017, the Issuer and its material subsidiaries filed voluntary petitions under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") to pursue prepackaged plans of reorganization (together and as amended, the "Plan"). On July 25, 2017, the Bankruptcy Court entered an order confirming the Plan and, on August 7, 2017 (the "Effective Date"), the Plan became effective pursuant to its terms and the Company and its material subsidiaries emerged from the chapter 11 cases.
- F2(Continued from footnote 1) On the Effective Date, pursuant to the Plan, (i) all outstanding shares of the Issuer's pre-Effective Date common stock and all other previously issued and outstanding existing equity interests in the Issuer, and any rights of any holder in respect thereof, were cancelled and discharged and (ii) all agreements, instruments, and other documents evidencing, related to or in connection with the pre-Effective Date common stock and all other previously issued and outstanding existing equity interests in the Issuer were cancelled and discharged.
- F3These securities were owned directly by JPJ LP, and may also have been deemed to be beneficially owned by Mark D. Johnsrud, who controls the entity.
- F4These securities were owned directly by Badlands Development II, LLC, and may also have been deemed to be beneficially owned by Mark D. Johnsrud, who owns 100% of the units and acts as its sole managing member.
Remarks
The Reporting Person is Chairman of the Board and Chief Executive Officer, and a former 10% owner.