SEC Form 4 · accession 0001104659-17-066092
Select Water Solutions, Inc. · WTTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Stuart
Officer — Senior VP, Water Networks
Period of report
Nov 1, 2017
Accepted (ET)
Nov 3, 2017 · 5:00 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 | 6,660 | — | A | 6,660 | D | |
| Class A Common StockF2 | Nov 1, 2017 | A | 1,193 | $0.00 | A | 7,853 | D | |
| Class A Common StockF3 | Nov 1, 2017 | A | 7,502 | $0.00 | A | 15,355 | 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)F4 | $33.81 | Nov 1, 2017 | A | 4,653 | A | Nov 1, 2017 | Oct 15, 2022 | Class A Common Stock | 4,653 | 4,653 | D |
| Stock Options (right to buy)F5 | $8.66 | Nov 1, 2017 | A | 28,592 | A | — | Dec 10, 2026 | Class A Common Stock | 28,592 | 33,245 | D |
Explanation of responses
- F1Received in exchange for 8,704 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 October 21, 2018.
- F3These shares of restricted stock, granted as substitute awards under the Plan, will vest 1/3 on each of March 31, 2018, March 31, 2019, and March 31, 2020.
- F4These options, granted as substitute awards under the Plan, are all exercisable.
- F5These 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.