David Nierenberg - Feb 2, 2022 Form 4 Insider Report for FLOTEK INDUSTRIES INC/CN/ (FTK)

Role
Director
Signature
/s/ Nicholas J. Bigney, attorney-in-fact
Stock symbol
FTK
Transactions as of
Feb 2, 2022
Transactions value $
$3,000,001
Form type
4
Date filed
2/4/2022, 03:14 PM
Previous filing
Jun 21, 2021
Next filing
Mar 23, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FTK Convertible Debt Purchase $1.11M +1.28M $0.87 $1.11M Feb 2, 2022 Common Shares 1.28M $0.87 D3 Family Fund, LP F1
transaction FTK Convertible Debt Purchase $1.8M +2.07M $0.87 $1.8M Feb 2, 2022 Common Shares 2.07M $0.87 D3 Family Bulldog Fund, LP F1
transaction FTK Convertible Debt Purchase $82.5K +94.8K $0.87 $82.5K Feb 2, 2022 Common Shares 94.8K $0.87 Haredale Limited F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Debt bears 10% PIK interest and converts to common stock at $0.8705 in one year at maturity. Conversion may also take place prior to maturity at $1.088125 under certain circumstances.

Remarks:

Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the filing of this Form 4 shall not be deemed an admission by any person reporting on this Form 4 that such person, for purposes of Section 16 of the Act or otherwise, is the beneficial owner of any equity securities covered by this Form