SEC Form 4 · accession 0001104659-17-066089
Select Water Solutions, Inc. · WTTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Nightingale
Officer — Exec. VP - Wellsite Services
Period of report
Nov 1, 2017
Accepted (ET)
Nov 3, 2017 · 4:57 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 | 33,681 | — | A | 33,681 | D | |
| Class A Common StockF2 | Nov 1, 2017 | A | 52,259 | $0.00 | A | 85,940 | 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)F3 | $23.80 | Nov 1, 2017 | A | 12,602 | A | Nov 1, 2017 | May 1, 2022 | Class A Common Stock | 12,602 | 12,602 | D |
| Stock Options (right to buy)F3 | $27.71 | Nov 1, 2017 | A | 9,020 | A | Nov 1, 2017 | Jul 15, 2023 | Class A Common Stock | 9,020 | 21,622 | D |
| Stock Options (right to buy)F4 | $8.97 | Nov 1, 2017 | A | 39,028 | A | — | Dec 14, 2025 | Class A Common Stock | 39,028 | 60,650 | D |
| Stock Options (right to buy)F5 | $8.66 | Nov 1, 2017 | A | 85,777 | A | — | Dec 10, 2026 | Class A Common Stock | 85,777 | 146,427 | D |
Explanation of responses
- F1Received in exchange for 44,017 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.
- F2These shares of restricted stock, granted as substitute awards under the Select Energy Services, Inc. 2016 Equity Incentive Plan (the "Plan"), will vest on April 10, 2018.
- F3These options, granted as substitute awards under the Plan, are all exercisable.
- F4These options, granted as substitute awards under the Plan, became exercisable as to 1/3 on November 1, 2017, and become exercisable to 1/3 on December 14, 2017 and 1/3 on December 14, 2018.
- F5These 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.