David Nierenberg - 21 Mar 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
21 Mar 2022
Net transactions value
-$3,039,167
Form type
4
Filing time
23 Mar 2022, 16:30:02 UTC
Previous filing
04 Feb 2022
Next filing
08 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTK Common Shares Conversion of derivative security $0 +1,036,214 +66% $0.000000 2,595,383 21 Mar 2022 By The D3 Family Fund, LP F1
transaction FTK Common Shares Conversion of derivative security $0 +1,680,008 +54% $0.000000 4,795,960 21 Mar 2022 By The D3 Family Bulldog Fund, LP F1
transaction FTK Common Shares Conversion of derivative security $0 +76,808 +46% $0.000000 242,656 21 Mar 2022 By Haredale Ltd. F1

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 Conversion of derivative security $1,127,531 $0 21 Mar 2022 Common Shares $1,127,531 $1.09 D3 Family Fund, LP F2, F3
transaction FTK Convertible Debt Conversion of derivative security $1,828,059 $0 21 Mar 2022 Common Shares $1,828,059 $1.09 D3 Family Bulldog Fund, LP F2, F3
transaction FTK Convertible Debt Conversion of derivative security $83,577 $0 21 Mar 2022 Common Shares $83,577 $1.09 Haredale Limited F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares from conversion of convertible debt listed in Table II.
F2 Includes 10% PIK interest accrued through the date prior to the conversion date.
F3 Convertible Debt was purchased on Feb 2, 2022 by The D3 Family Fund, LP, the D3 Family Bulldog Fund, LP and Haredale Ltd. for a cumulative amount of $3,000,000

Remarks:

10% PIK convertible debt issued on Feb 2, 2022 was converted early on Mar 21, 2022 at a conversion price of $1.088125.