SEC Form 4 · accession 0001104659-18-057279
KLX Energy Services Holdings, Inc. · KLXE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
KLX Inc.
10% Owner
Period of report
Sep 13, 2018
Accepted (ET)
Sep 17, 2018 · 5:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001738827
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 13, 2018 | J | 20,079,294 | $0.00 | A | 20,079,394 | D | |
| Common Stock | Sep 14, 2018 | J | 20,079,394 | $0.00 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In connection with the spin-off (the "Spin-Off") of KLX Energy Services Holdings, Inc. ("KLX Energy Services") from KLX Inc. ("KLX"), KLX Energy Services issued to KLX, its sole shareholder, 20,079,294 shares of KLX Energy Services common stock which, when combined with the 100 shares held by KLX prior thereto, equals the number of KLX Energy Services shares of common stock distributed by KLX to its stockholders in connection with the Spin-Off.
- F2In connection with the Spin-Off, KLX effected the Distribution, as defined in the Distribution Agreement dated July 13, 2018, by and among KLX, KLX Energy Services and KLX Energy Services LLC, on September 14, 2018, and caused to be distributed to each holder of record of KLX common stock as of the record date of September 3, 2018, by means of a pro rata distribution, 0.4 shares of KLX Energy Services common stock for every one share of KLX common stock held of record by such holder as of the record date.