SEC Form 4 · accession 0001104659-17-066091
Select Water Solutions, Inc. · WTTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Pistono
Officer — Exec. VP - Oilfield Chemicals
Period of report
Nov 1, 2017
Accepted (ET)
Nov 3, 2017 · 4:59 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 | 18,396 | — | A | 18,396 | D | |
| Class A Common StockF2 | Nov 1, 2017 | A | 7,502 | $0.00 | A | 25,898 | 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 | $26.72 | Nov 1, 2017 | A | 8,977 | A | Nov 1, 2017 | Sep 4, 2022 | Class A Common Stock | 8,977 | 8,977 | D |
| Stock Options (right to buy)F4 | $13.62 | Nov 1, 2017 | A | 21,443 | A | — | Aug 17, 2025 | Class A Common Stock | 21,443 | 30,420 | D |
| Stock Options (right to buy)F5 | $8.97 | Nov 1, 2017 | A | 57,184 | A | — | Dec 14, 2025 | Class A Common Stock | 57,184 | 87,604 | D |
| Stock Options (right to buy)F6 | $8.66 | Nov 1, 2017 | A | 57,184 | A | — | Dec 10, 2026 | Class A Common Stock | 57,184 | 144,788 | D |
Explanation of responses
- F1Received in exchange for 24,041 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 1/3 on each of March 31, 2018, March 31, 2019, and March 31, 2020.
- 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 1/2 on November 1, 2017, and become exercisable as to 1/4 on each of August 17, 2018 and August 17, 2019.
- F5These options, granted as substitute awards under the Plan, became exercisable as to 1/3 on November 1, 2017, and become exercisable as to 1/3 on each of December 14, 2017 and December 14, 2018.
- F6These options, granted as substitute awards under the Plan, will become exercisable as to 1/3 on each of December 10, 2017, December 10, 2018, and December 10, 2019.