David Nierenberg - 02 Feb 2022 Form 4 Insider Report for FLOTEK INDUSTRIES INC/CN/ (FTK)

Role
Director
Signature
/s/ Nicholas J. Bigney, attorney-in-fact
Issuer symbol
FTK
Transactions as of
02 Feb 2022
Net transactions value
+$3,000,001
Form type
4
Filing time
04 Feb 2022, 15:14:03 UTC
Previous filing
21 Jun 2021
Next filing
23 Mar 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 $1,113,000 +1,278,576 $0.8705 $1,113,000 02 Feb 2022 Common Shares 1,278,576 $0.8705 D3 Family Fund, LP F1
transaction FTK Convertible Debt Purchase $1,804,500 +2,072,947 $0.8705 $1,804,500 02 Feb 2022 Common Shares 2,072,946 $0.8705 D3 Family Bulldog Fund, LP F1
transaction FTK Convertible Debt Purchase $82,500 +94,773 $0.8705 $82,500 02 Feb 2022 Common Shares 94,773 $0.8705 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