SEC Form 4 · accession 0001144204-18-060116
U.S. WELL SERVICES, INC. · USWS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joel Broussard
Officer — President and CEO · Director
Period of report
Nov 9, 2018
Accepted (ET)
Nov 14, 2018 · 9:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001670349
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Nov 9, 2018 | A | 650,000 | — | A | 650,000 | D | |
| Class A Common StockF2 | Nov 9, 2018 | A | 214,900 | — | A | 864,900 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In connection with the closing ("Closing") of the initial business combination of U.S. Well Services, Inc. (formerly Matlin & Partners Acquisition Corporation) (the "Issuer"), the Issuer issued 650,000 shares of the Issuer's Class A Common Stock to Joel Broussard at Closing, in satisfaction of a portion of a "change in control" bonus Mr. Broussard is entitled to receive at Closing under his existing employment agreement with USWS Holdings LLC and an employment agreement entered into by him with the Company effective at Closing.
- F2Represents a grant of restricted stock Joel Broussard received from the Issuer.