SEC Form 4 · accession 0000899243-16-033185
Smart Sand, Inc. · SND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Behdad Eghbali
10% Owner
CCG Operations, LLC
10% Owner
Clearlake Capital Partners, LLC
10% Owner
Period of report
Nov 9, 2016
Accepted (ET)
Nov 10, 2016 · 4:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001529628
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Redeemable Series A Preferred StockF1,F2,F3 | Nov 9, 2016 | J | 39,632 | $1,000.00 | D | 0 | I | See footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Redeemable Series A Preferred Stock was redeemed, in accordance with its terms, by Smart Sand, Inc. immediately upon the closing of its initial public offering at the original issuance price of $1,000 per share plus unpaid accrued dividends resulting in aggregate proceeds of $40,259, 506.67.
- F2The shares were held of record by Clearlake Capital Partners II (Master), L.P. ("CCPII"). CCPII's general partner is Clearlake Capital Partners II GP, L.P. ("CCPII GP"). CCPII GP's general partner is Clearlake Capital Partners, LLC ("CCP"). CCP's managing member is CCG Operations, LLC ("CCG Ops"). Jose E. Feliciano and Behdad Eghbali are managers of CCG Ops. As a result, each of Mr. Feliciano, Mr. Eghbali, CCG Ops, CCPII GP and CCP could have been deemed to share beneficial ownership of the reported shares.
- F3Each of the reporting persons expressly disclaims beneficial ownership of the reported shares except to the extent of his or its pecuniary interest therein.