Form 4 for WTTR Select Water Solutions, Inc.
Accepted 2022-05-10 00:00:00 ET · period of report 2022-05-06 · accession 0000950103-22-008242 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | 2022-05-10 | 2022-05-06 | WTTR | Crestview Advisors, L.L.C. | Dir, 10% | A - Grant | $0.00 | +18.9K | 3.90M | +0.5% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-05-06 | A | A | 18,853 | $0.00 | 3,899,195 | I See Footnotes | — | — | (F1) Represents an award of 18,853 restricted shares of Class A Common Stock of the Issuer ("Class A Shares") granted to Robert V. Delaney, Jr. under the Select Energy Services, Inc. 2016 Equity Incentive Plan (as amended, the "Plan"). The restricted Class A Shares are scheduled to vest on May 6, 2023, subject to the terms of the Plan and the applicable award agreement issued thereunder. Mr. Delaney, Jr. has assigned all rights, title and interest in the restricted Class A Shares granted to him to Crestview Advisors, L.L.C. (F4) Crestview Partners II GP, L.P. may be deemed to have beneficial ownership of the Class A Shares held by Crestview II SES B and Crestview Advisors, L.LC. and the Class B Shares and Common LLC Units of SES Holdings, LLC (a subsidiary of the Issuer) indirectly held by Crestview II SES. Crestview Partners II GP, L.P. exercises voting and dispositive power over the foregoing Class A Shares, Class B Shares and Common LLC Units held by the Crestview Entities, which decisions are made by the investment committee of Crestview Partners II GP, L.P. and the Chairman of the investment committee. (F2) Includes (i) 3,802,972 Class A Shares directly beneficially owned by Crestview Partners II SES Investment B, LLC ("Crestview II SES B"), (ii) 18,853 outstanding restricted Class A Shares granted under the Plan to Mr. Delaney, Jr. (as described in Footnote 1 above) and (iii) 77,370 Class A Shares held by Crestview Advisors, L.L.C. that were delivered upon the vesting of awards of restricted Class A Shares previously granted under the Plan to Mr. Delaney, Jr. and Adam J. Klein. (F6) Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein. (F5) Mr. Delaney, Jr. is a member of the Issuer's board of directors and is an indirect member of each of Crestview, L.L.C. (which is the general partner of Crestview Partners II GP, L.P.) and Crestview Advisors, L.L.C., which provides investment advisory and management services to certain of the foregoing Crestview Entities. |