SEC Form 4 · accession 0001104659-18-045827
Cactus, Inc. · WHD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Bender
Officer — VP of Operations
Period of report
Jul 16, 2018
Accepted (ET)
Jul 18, 2018 · 7:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001699136
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1 | Jul 16, 2018 | A | 126,806 | — | A | 126,806 | D | |
| Class B Common StockF2 | Jul 16, 2018 | D | 126,806 | — | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UnitsF3,F4 | — | Jul 16, 2018 | A | 126,806 | A | — | — | Class A Common Stock | 126,806 | 126,806 | D |
| UnitsF3,F4 | — | Jul 16, 2018 | D | 126,806 | D | — | — | Class A Common Stock | 126,806 | 0 | D |
Explanation of responses
- F1These securities were acquired as part of the closing of the Issuer's most recent public equity offering.
- F2These securities were disposed as part of the closing of the Issuer's most recent public equity offering.
- F3"Units" mean ownership interests in Cactus Wellhead, LLC ("Cactus LLC"). The Issuer is the sole managing member of Cactus LLC.
- F4The first amended and restated limited liability company operating agreement of Cactus LLC provides the holders of Units with certain rights to cause Cactus LLC to acquire all or at least a minimum portion of their Units for, at Cactus LLC's election, (x) shares of Class A Common Stock at a redemption ratio of one share of Class A Common Stock for each Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions, or (y) an equivalent amount of cash.