SEC Form 4 · accession 0001104659-17-066087
Select Water Solutions, Inc. · WTTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Holli C. Ladhani
Officer — President and CEO · Director
Period of report
Nov 1, 2017
Accepted (ET)
Nov 3, 2017 · 4:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001693256
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Nov 1, 2017 | A | 34,849 | — | A | 34,849 | D | |
| Class A Common StockF2,F3 | Nov 1, 2017 | A | 54,411 | — | A | 89,260 | I | See Footnote |
| Class A Common StockF4,F5 | Nov 1, 2017 | A | 54,404 | — | A | 143,664 | I | See Footnote |
| Class A Common StockF6 | Nov 1, 2017 | A | 46,819 | $0.00 | A | 190,483 | D | |
| Class A Common StockF7 | Nov 1, 2017 | A | 41,573 | $0.00 | A | 232,056 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F8 | $13.99 | Nov 1, 2017 | A | 17,984 | A | Nov 1, 2017 | Mar 14, 2021 | Class A Common Stock | 17,984 | 17,984 | D |
| Stock Options (right to buy)F8 | $14.03 | Nov 1, 2017 | A | 7,391 | A | Nov 1, 2017 | Mar 14, 2021 | Class A Common Stock | 7,391 | 25,375 | D |
| Stock Options (right to buy)F8 | $12.77 | Nov 1, 2017 | A | 18,327 | A | Nov 1, 2017 | Mar 14, 2021 | Class A Common Stock | 18,327 | 43,702 | D |
| Stock Options (right to buy)F8 | $15.60 | Nov 1, 2017 | A | 27,076 | A | Nov 1, 2017 | Mar 14, 2021 | Class A Common Stock | 27,076 | 70,778 | D |
| Stock Options (right to buy)F9 | $8.97 | Nov 1, 2017 | A | 55,754 | A | — | Dec 14, 2025 | Class A Common Stock | 55,754 | 126,532 | D |
| Stock Options (right to buy)F10 | $8.66 | Nov 1, 2017 | A | 142,962 | A | — | Dec 10, 2026 | Class A Common Stock | 142,962 | 269,494 | D |
Explanation of responses
- F1Received in exchange for 45,543 shares of Class A common stock, $0.01 par value per share, of Rockwater Energy Solutions, Inc. ("Rockwater") in connection with the acquisition of Rockwater by Select Energy Services, Inc. (the "Merger").
- F10These options, granted as substitute awards under the Plan, will become exercisable to 1/3 on each of December 10, 2017, December 10, 2018, and December 10, 2019.
- F2Received in exchange for 71,107 shares of Rockwater Class A Common Stock in connection with the Merger.
- F3Represents 54,411 shares of Class A common stock held by Holli Ladhani RES, LLC, of which Ms. Ladhani is the sole member.
- F4Received in exchange for 71,098 shares of Rockwater Class A Common Stock in connection with the Merger.
- F5Represents 54,404 shares of Class A common stock held by Shaheen Ladhani RES, LLC, of which the spouse of Ms. Ladhani is the sole member.
- F6These shares of restricted stock, granted as substitute awards under the Select Energy Services, Inc. 2016 Equity Incentive Plan (the "Plan"), will vest on September 16, 2018.
- F7These shares of restricted stock, granted as substitute awards under the Plan, will vest 1/2 on June 5, 2018, and 1/2 on June 5, 2019.
- F8These options, granted as substitute awards under the Plan, are all exercisable.
- F9These options, granted as substitute awards under the Plan, became exercisable as to 1/3 on November 1, 2017, and becomes exercisable to 1/3 on December 14, 2017, and 1/3 on December 14, 2018.