Form 4 for SEI Solaris Energy Infrastructure, Inc.
Accepted 2021-11-08 00:00:00 ET · period of report 2021-11-05 · accession 0001415889-21-005099 · 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 | 2021-11-08 | 2021-11-05 | SEI | BURKE JAMES R | Dir | S - Sale | $8.30 | -50.0K | 28.3K | -64% | -$415.0K |
| D | 2021-11-08 | 2021-11-05 | SEI | BURKE JAMES R | Dir | C - Cnv Deriv | $0.00 | +50.0K | 78.3K | +176% | $0 |
| D | 2021-11-08 | 2021-11-05 | SEI | BURKE JAMES R | Dir | J - Other | $0.00 | -50.0K | 42.7K | -54% | $0 |
| D | 2021-11-08 | 2021-11-05 | SEI | BURKE JAMES R | Dir | C - Cnv Deriv | — | -50.0K | 42.7K | -54% | — |
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 | 2021-11-05 | S | D | 50,000 | $8.30 | 28,330 | D | — | — | (F3) The Price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.25 to $8.61, inclusive. The reporting person undertakes to provide Solaris Oilfield Infrastructure, Inc., any security holder of Solaris Oilfield Infrastructure, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to the Form 4. (F2) Includes 15,687 shares of Class A common stock subject to previously granted Restricted Stock Awards that remain subject to vesting. |
| 2 | Common | Class A Common Stock | 2021-11-05 | C | A | 50,000 | $0.00 | 78,330 | D | — | — | (F1) Pursuant to the Second Amended and Restated Limited Liability Company Agreement of Solaris Oilfield Infrastructure, LLC ("Solaris LLC"), dated as of May 11, 2017, included as Exhibit 10.1 to the Issuer's Current Report on Form 8-K filed May 17,2017 (the "Solaris LLC Agreement"), the Shares of the Issuer's Class B common stock reported herein were cancelled for no consideration on a one-for-one basis upon the redemption by the Reporting Person of units in Solaris LLC ("Solaris LLC Units") (together with a corresponding number of shares of Class B common stock) for the shares of the Issuer's Class A common stock reported herein. (F2) Includes 15,687 shares of Class A common stock subject to previously granted Restricted Stock Awards that remain subject to vesting. |
| 3 | Common | Class B Common Stock | 2021-11-05 | J | D | 50,000 | $0.00 | 42,734 | D | — | — | (F4) Each share of Class B common stock has no economic rights but entitles the holder to one vote on all matters to be voted on by the stockholders generally. (F1) Pursuant to the Second Amended and Restated Limited Liability Company Agreement of Solaris Oilfield Infrastructure, LLC ("Solaris LLC"), dated as of May 11, 2017, included as Exhibit 10.1 to the Issuer's Current Report on Form 8-K filed May 17,2017 (the "Solaris LLC Agreement"), the Shares of the Issuer's Class B common stock reported herein were cancelled for no consideration on a one-for-one basis upon the redemption by the Reporting Person of units in Solaris LLC ("Solaris LLC Units") (together with a corresponding number of shares of Class B common stock) for the shares of the Issuer's Class A common stock reported herein. |
| 4 | Derivative | Solaris Oilfield Infrastructure, LLC Units | 2021-11-05 | C | D | 50,000 | — | 42,734 | D | — · — to — | 50,000 Class A Common Stock | (F5) Subject to the Solaris LLC Agreement, the Solaris LLC Units (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. |