Form 4 for LBRT Liberty Energy Inc.
Accepted 2022-02-11 00:00:00 ET · period of report 2022-02-09 · accession 0001209191-22-008733 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-02-11 | 2022-02-09 | LBRT | Stock Michael | CFO | A - Grant | $0.00 | +11.2K | 756.6K | +2% | $0 |
| D | 2022-02-11 | 2022-02-09 | LBRT | Stock Michael | CFO | D - Sale to Iss | $0.00 | -11.2K | 0 | -100% | $0 |
| D | 2022-02-11 | 2022-02-09 | LBRT | Stock Michael | CFO | D - Sale to Iss | — | -11.2K | 0 | -100% | — |
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 | 2022-02-09 | A | A | 11,190 | $0.00 | 756,587 | D | — | — | (F1) Represents securities issued in redemption of Units (as defined below). |
| 2 | Common | Class B Common Stock | 2022-02-09 | D | D | 11,190 | $0.00 | 0 | D | — | — | (F2) Represents securities forfeited to the Issuer for no additional consideration upon redemption. |
| 3 | Derivative | Units | 2022-02-09 | D | D | 11,190 | — | 0 | D | — · — to — | 11,190 Class A Common Stock | (F3) "Units" means ownership interests in Liberty Oilfield Services New HoldCo LLC ("Liberty LLC"). The Issuer is sole managing member of Liberty LLC (F4) The limited liability company agreement of Liberty LLC provides certain holders of Units with certain rights to cause Liberty LLC to acquire all or a portion of the Units (the "Redemption Right") for, at Liberty LLC's election, (a) 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 (b) an equivalent amount of cash based on the 30-day volume weighted average price of Class A Common Stock ending on the trading day that is immediately prior to the date that the Redemption Right is exercised. The Units and the right to exercise the Redemption Right have no expiration date. |