Eugene I. Davis - 04 Mar 2022 Form 4 Insider Report for FTS International, Inc.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 04 Mar 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 08 Mar 2022, 19:19:42 UTC
Prior SEC filing: 08 Nov 2021
Next SEC filing: 07 Dec 2022
Source filing: View source filing
Reporting owner signature: /s/ Lance D. Turner, as attorney-in-fact for Eugene L. Davis

Key filing fact

Eugene I. Davis filed Form 4 for FTS International, Inc. on 08 Mar 2022.

Key facts

This page summarizes Eugene I. Davis's Form 4 filing for FTS International, Inc..
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 08 Mar 2022, 19:19.

Change

Previous filing in this sequence was filed on 08 Nov 2021.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FTSI transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -5,977
Change %: -61%
Price
Shares after: 3,744
Date: 04 Mar 2022
Ownership: Direct
Footnotes: F1, F2

FTSI transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -3,744
Change %: -100%
Price
Shares after: 0
Date: 04 Mar 2022
Ownership: Direct
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Eugene I. Davis is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

Disposed of as a result of the merger pursuant to the previously announced Agreement and Plan of Merger, dated as of October 21, 2021, among FTS International, Inc. (the "Company"), Profrac Holdings, LLC ("Profrac") and Profrac Acquisitions, Inc. ("Merger Sub"), as amended by Amendment No.1 to Agreement and Plan of Merger, dated March 1, 2022, referred to as the Merger Agreement. In accordance with the Merger Agreement, Merger Sub merged with and into the Company (the "Merger"), with the Company surviving the Merger as a majority owned subsidiary of Profrac.

Footnote F2

At the effective time of the Merger, each outstanding share of the Company's common stock was converted into the right to receive $26.52 in cash (the "per-share merger consideration"). In addition, all outstanding options and restricted stock units were canceled at the effective time of the Merger in exchange for a cash payment equal to the per-share merger consideration (less the exercise price in the case of options), payable without interest and less any required withholding taxes. The Merger is more fully described in the Company's Proxy Statement filed with the SEC on January 24, 2022.