Statement of Changes in Beneficial Ownership (4)
March 03 2020 - 5:23PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Ramachandran Kyle S. |
2. Issuer Name and Ticker or Trading Symbol
Solaris Oilfield Infrastructure, Inc.
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SOI
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and CFO |
(Last)
(First)
(Middle)
9811 KATY FREEWAY, SUITE 700 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/1/2020 |
(Street)
HOUSTON, TX 77024
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | 3/1/2020 | | A | | 60000 (1) | A | $0 | 245980 | D | |
Class A Common Stock | 3/1/2020 | | F | | 4870 (2) | D | $10.60 | 241110 (3) | D | |
Class B Common Stock (4) | | | | | | | | 489511 | D | |
Class B Common Stock (4) | | | | | | | | 57166 | I | 401(k) Plan |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Solaris Oilfield Infrastructure, LLC Units | (5) | | | | | | | (5) | (5) | Class A Common Stock | 489511 | | 489511 | D | |
Solaris Oilfield Infrastructure, LLC Units | (5) | | | | | | | (5) | (5) | Class A Common Stock | 57166 | | 57166 | I | 401(k) Plan |
Explanation of Responses: |
(1) | Restricted Stock Award pursuant to the Solaris Oilfield Infrastructure, Inc. Long Term Incentive Plan. The award vests in three equal installments on the first three anniversaries of the grant date. |
(2) | Represents shares withheld by the Company to satisfy tax withholding obligations upon the vesting of previously granted Restricted Stock Awards. |
(3) | Includes 137,740 shares of Class A common stock subject to previously granted Restricted Stock Awards that remain subject to vesting. |
(4) | Each share of Class B common stock has no economic rights but entitles its holder to one vote on all matters to be voted on by stockholders generally. |
(5) | Subject to the terms of 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 units in Solaris LLC (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. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Ramachandran Kyle S. 9811 KATY FREEWAY SUITE 700 HOUSTON, TX 77024 |
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| President and CFO |
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Signatures
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/s/ Cynthia M. Durrett, as attorney-in-fact for Kyle S. Ramachandran | | 3/3/2020 |
**Signature of Reporting Person | Date |
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