SEC Form 4 · accession 0001209191-16-154196
Smart Sand, Inc. · SND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Charles Edwin Young
Officer — CEO · Director · 10% Owner
KEYSTONE CRANBERRY, LLC
Director · 10% Owner
Period of report
Dec 8, 2016
Accepted (ET)
Dec 8, 2016 · 5:00 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 |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCKF1 | Dec 8, 2016 | X | 2,600,000 | $0.0045 | A | 7,406,944 | I | BY LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COMMON STOCK WARRANT (RIGHT TO BUY)F1,F2 | $0.0045 | Dec 8, 2016 | X | 2,600,000 | D | — | Sep 13, 2019 | COMMON STOCK | 2,600,000 | 0 | I |
Explanation of responses
- F1Mr. Young holds 83% of the membership interests in Keystone Cranberry, LLC ("Keystone"), is the sole managing member and has sole voting and investment power over the shares held by Keystone. Mr. Young disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.
- F2The warrant is exercisable on or after the date immediately following the 20th consecutive trading day on which the Issuer's common stock is actively traded on a national securities exchange and the aggregate market value of the common stock is at least $300 million for each of the 20 trading days.