Derek Gipson - Mar 4, 2022 Form 4 Insider Report for FTS International, Inc. (FTSI)

Role
Director
Signature
/s/ Lance D. Turner, as attorney-in-fact for Derek Gipson
Stock symbol
FTSI
Transactions as of
Mar 4, 2022
Transactions value $
$0
Form type
4
Date filed
3/8/2022, 07:21 PM
Previous filing
Nov 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTSI Common Stock Disposed to Issuer -4.78K -61.3% 3.02K Mar 4, 2022 Direct F1, F2
transaction FTSI Common Stock Disposed to Issuer -3.02K -100% 0 Mar 4, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Derek Gipson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
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.
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.