Form Filed By Zartler William A
Mon, Mar 1, 2021
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Solaris Oilfield Infrastructure, Inc. (SOI)
Energy
Oil & Gas Equipment & Services
Insights
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Non Derivative Transactions
2021-03-01
Class A Common Stock
Award
A
Type
Acquired 105,043 shares @ $0.00 per share
330,837 shares
Direct
2021-03-01
Class A Common Stock
Other
F
Type
Disposed 12,176 shares @ $11.81 per share
318,661 shares
Direct
Class B Common Stock
Other
Type
Disposed 0 shares @ $0.00 per share
726,819 shares
Direct
Class B Common Stock
Other
Type
Disposed 0 shares @ $0.00 per share
3,913,496 shares
See Footnote
Indirect
Footnotes
1. Restricted Stock Award pursuant to the Solaris Oilfield Infrastructure, Inc. Long Term Incentive Plan. The award vests in three equal annual 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 171,711 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. Represents shares held by Solaris Energy Capital. The Reporting Person is the sole member of Solaris Energy Capital and has the authority to vote or dispose of the shares held by Solaris Energy Capital in his sole discretion. The Reporting Person disclaims beneficial ownership of the shares held by Solaris Energy Capital in excess of his pecuniary interest therein.
6. Subject to the terms of the Second Amended and Restated Limited Liability Company Agreement of Solaris Oilfield Infrastructure, Inc. ("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.