SEC Form 4 · accession 0000899243-17-016692
Solaris Energy Infrastructure, Inc. · SEI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Loadcraft Site Services LLC
10% Owner
Period of report
Jun 16, 2017
Accepted (ET)
Jun 19, 2017 · 5:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001697500
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1 | Jun 16, 2017 | J | 11,595,898 | $0.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Solaris Oilfield Infrastructure, LLC UnitsF3 | $0.00 | Jun 16, 2017 | J | 11,595,898 | D | — | — | Class A Common Stock | 11,595,898 | 0 | D |
Explanation of responses
- F1Each share of Class B common stock has no economic rights but entitles its holder to one vote on all matters to be voted on by stockholders generally.
- F2In accordance with the Unitholders' Agreement, dated as of April 14, 2017, by and among the Reporting Person, SEC Loadcraft Management LLC and the other signatories thereto, the Reporting Person made a pro rata distribution of 11,595,898 units in Solaris Oilfield Infrastructure, LLC ("Solaris LLC"), together with a corresponding number of shares of the Issuer's Class B common stock, to its members.
- F3Subject to the terms of the Second Amended and Restated Limited Liability Company Agreement of Solaris LLC, the units in Solaris LLC (together with a corresponding number of shares of Class B common stock) are exchangeable from time to time for shares of Class A common stock of the Issuer.