If the filing person has
previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of
240.13d-1(e),
240.13d-1(f)
or
240.13d-1(g),
check the following box ☒.
The information required on the remainder of this cover page shall not be
deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
SCHEDULE 13D
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1
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NAMES OF
REPORTING PERSONS
Wilks Brothers, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP
*
(a) ☒ (b) ☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (See Instructions)
WC
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5
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CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
☐
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6
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Texas
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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SOLE VOTING POWER
0
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8
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SHARED VOTING POWER
3,093,307 (1)
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9
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SOLE DISPOSITIVE POWER
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10
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SHARED DISPOSITIVE POWER
3,093,307 (1)
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,093,307 (1)
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
11.3% (1)
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14
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TYPE OF REPORTING PERSON (See
Instructions)
OO
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(1)
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Based on 27,139,979 shares of Common Stock of the Issuer issued and outstanding as of April 21, 2017, as set forth in the Issuers Quarterly Report on Form
10-Q
for the
fiscal quarter ended March 31, 2017, filed with the Commission on April 27, 2017. Includes 271,414 shares of Common Stock of the Issuer currently issuable upon exercise of the Warrant. See Item 4 of this Schedule 13D.
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Page 2
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1
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NAMES OF
REPORTING PERSONS
Dan H. Wilks
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*
(a) ☒ (b) ☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (See Instructions)
PC
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5
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CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
☐
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6
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CITIZENSHIP OR PLACE OF
ORGANIZATION
United States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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SOLE VOTING POWER
0
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8
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SHARED VOTING POWER
3,093,307 (1)
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9
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SOLE DISPOSITIVE POWER
0
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10
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SHARED DISPOSITIVE POWER
3,093,307 (1)
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,093,307 (1)
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
11.3% (1)
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14
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TYPE OF REPORTING PERSON (See
Instructions)
IN
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(1)
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Based on 27,139,979 shares of Common Stock of the Issuer issued and outstanding as of April 21, 2017, as set forth in the Issuers Quarterly Report on Form
10-Q
for the
fiscal quarter ended March 31, 2017, filed with the Commission on April 27, 2017. Includes 271,414 shares of Common Stock of the Issuer currently issuable upon exercise of the Warrant. See Item 4 of this Schedule 13D.
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Page 3
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1
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NAMES OF
REPORTING PERSONS
Staci Wilks
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*
(a) ☒ (b) ☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (See Instructions)
PC
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5
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CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
☐
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6
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CITIZENSHIP OR PLACE OF
ORGANIZATION
United States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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SOLE VOTING POWER
0
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8
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SHARED VOTING POWER
3,093,307 (1)
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9
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SOLE DISPOSITIVE POWER
0
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10
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SHARED DISPOSITIVE POWER
3,093,307 (1)
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,093,307 (1)
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
11.3%
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14
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TYPE OF REPORTING PERSON (See
Instructions)
IN
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(1)
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Based on 27,139,979 shares of Common Stock of the Issuer issued and outstanding as of April 21, 2017, as set forth in the Issuers Quarterly Report on Form
10-Q
for the
fiscal quarter ended March 31, 2017, filed with the Commission on April 27, 2017. Includes 271,414 shares of Common Stock of the Issuer currently issuable upon exercise of the Warrant. See Item 4 of this Schedule 13D.
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Page 4
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1
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NAMES OF
REPORTING PERSONS
Farris Wilks
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*
(a) ☒ (b) ☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (See Instructions)
AF
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5
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CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
☐
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6
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CITIZENSHIP OR PLACE OF
ORGANIZATION
United States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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SOLE VOTING POWER
0
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8
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SHARED VOTING POWER
3,093,307 (1)
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9
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SOLE DISPOSITIVE POWER
0
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10
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SHARED DISPOSITIVE POWER
3,093,307 (1)
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,093,307 (1)
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
11.3%
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14
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TYPE OF REPORTING PERSON (See
Instructions)
IN
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(1)
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Based on 27,139,979 shares of Common Stock of the Issuer issued and outstanding as of April 21, 2017, as set forth in the Issuers Quarterly Report on Form
10-Q
for the
fiscal quarter ended March 31, 2017, filed with the Commission on April 27, 2017. Includes 271,414 shares of Common Stock of the Issuer currently issuable upon exercise of the Warrant. See Item 4 of this Schedule 13D.
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Page 5
This Amendment No. 2 (Amendment No. 2) amends and supplements the statements on Schedule
13D filed by the Reporting Persons with the Commission on October 3, 2016, as amended by Amendment No. 1 to the Schedule 13D filed by the Reporting Persons with the Commission on March 3, 2016 (as amended, the Original Schedule
13D), relating to the Common Stock, $0.01 par value per share (the Common Stock) of Carbo Ceramics Inc.139 (the Issuer). All capitalized terms used but not defined herein shall have the meanings given to them in the
Original 13D. The Original 13D is hereby amended as follows:
Item 3.
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Source and Amount of Funds or Other Considerations
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Item 3 of the Original 13D is hereby amended by
adding the following:
As of the date hereof, the Reporting Persons have acquired an additional 498,574 shares of Common Stock for an aggregate purchase
price of $3,586,830.90, including brokerage commissions.
Item 4.
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Purpose of Transaction
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Item 4 of the prior 13D is hereby amended by adding the following:
The securities described in this Statement are being held by the Reporting Persons for investment purposes. The Reporting Person may acquire additional common
stock of the Issuer through public or private purchases. The Reporting Persons may exercise the warrants described in Item 4 of the Schedule 13D and subsequently dispose of the underlying common stock or otherwise acquire or dispose of additional
securities of the Issuer, to the extent deemed advisable in light of their general investment strategies, market conditions, or other factors.
The
Reporting Persons intend to review their respective investment in the Issuer on a continuing basis and may from time to time and at any time in the future, depending on various factors, including, without limitation, the outcome of any discussions
referenced above, the Issuers financial position and strategic direction, actions taken by the Board of Directors of the Issuer, price levels of the shares of Common Stock, other investment opportunities available to the Reporting Persons,
conditions in the securities market and general economic and industry conditions, take such actions with respect to the investment in the Issuer as they deem appropriate (subject to applicable contractual restrictions, including the Equity Cap under
the Stockholders Agreement), including: (i) acquiring additional shares of Common Stock and/or other equity, debt, notes, other securities, or derivative or other instruments that are based upon or relate to the value of the shares of Common
Stock or the Issuer (collectively, Securities) in the open market or otherwise; (ii) disposing of any or all of their Securities in the open market or otherwise; (iii) engaging in any hedging or similar transactions with
respect to the Securities; (iv) advocating a sale or transfer of a material amount of assets of the Issuer or its subsidiaries or (v) proposing or considering one or more of the actions described in subsections (a) through (j) of Item
4 of Schedule 13D.
Item 5.
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Interest in Securities of the Issuer
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(a) The Reporting Persons may be deemed to beneficially own, in
the aggregate, 3,093,307 shares of Common Stock, representing approximately 11.3% of the Issuers issued and outstanding shares of Common Stock, based on 27,139,979 shares of Common Stock of the Issuer issued and outstanding as of
April 21, 2017, as set forth in the Issuers Quarterly Report on Form
10-Q
for the fiscal quarter ended March 31, 2017, filed with the Commission on April 27, 2017 and including 271,414
shares of Common Stock of the Issuer currently issuable upon exercise of the Warrant. See Item 4 of this Schedule 13D.
Page 6
Dan Wilks and Staci Wilks each beneficially own 1,250,143 shares of Common Stock, representing 4.6% of the
Issuers issued and outstanding Common Stock. Wilks Brothers beneficially owns 1,843,164 shares of Common Stock, representing 6.7% of the Issuers issued and outstanding Common Stock. Dan Wilks and Farris Wilks may be deemed to indirectly
beneficially own the 1,843,164 shares of Common Stock directly beneficially owned by Wilks Brothers. Dan Wilks and Staci Wilks are husband and wife, and may be deemed to beneficially own the shares of Common Stock beneficially owned by the other
person. Dan Wilks and Farris Wilks are brothers, and may and may be deemed to beneficially own the shares of Common Stock beneficially owned by the other person.
(b) Dan Wilks and Staci Wilks each have shared power to vote and power to dispose of 1,250,143 shares of Common Stock. Wilks Brothers has sole power to vote
and power to dispose of 1,843,164 shares of Common Stock. Dan Wilks and Farris Wilks may be deemed to indirectly have the power to direct the voting and the power to direct the disposition of the 1,843,164 shares of Common Stock directly
beneficially owned by Wilks Brothers.
(c) The following transactions in the Common Stock were effected in the past 60 days by the Reporting Persons:
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Name of Reporting Person
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Nature of Transaction
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Securities
Purchased/
(Sold)
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Price Per
Share
($)
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Date of
Purchase/Sale
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Dan Wilks and Staci Wilks
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Purchase of Common Stock
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250,000
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$
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6.875
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May 4, 2017
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Wilks Brothers LLC
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Purchase of Common Stock
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4,600
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*
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$
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8.41
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April 27, 2017
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Wilks Brothers LLC
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Purchase of Common Stock
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400
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*
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$
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8.41
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May 1, 2017
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Wilks Brothers LLC
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Purchase of Common Stock
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30,697
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$
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6.92
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May 4, 2017
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Wilks Brothers LLC
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Purchase of Common Stock
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212,877
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$
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7.58
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May 5, 2017
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*
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These shares were acquired by the Reporting Persons upon exercise by a counterparty of a put option written by the Reporting Persons.
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Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
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None
of the Reporting Persons has any contracts, arrangements, understandings or relationships with respect to the securities of the Issuer, except as set forth above in Items 4, 5 and 6 of this Schedule 13D.
Page 7
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in
this statement is true, complete and correct.
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*
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Dan H. Wilks
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*
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Staci Wilks
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*
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Farris Wilks
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WILKS BROTHERS, LLC
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By:
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/s/ Morgan D Neff
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Name:
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Morgan D Neff
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Title:
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Attorney-in-Fact
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*By:
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/s/ Morgan D Neff
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Morgan D Neff, as
Attorney-in-Fact
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The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative.
If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representatives authority to sign on behalf of such person shall be
filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).