Michael Stock - Feb 9, 2022 Form 4 Insider Report for Liberty Oilfield Services Inc. (LBRT)

Role
Chief Financial Officer
Signature
/s/ R. Sean Elliott, attorney-in-fact for Michael Stock
Stock symbol
LBRT
Transactions as of
Feb 9, 2022
Transactions value $
$0
Form type
4
Date filed
2/11/2022, 10:59 AM
Previous filing
Jan 19, 2022
Next filing
Apr 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LBRT Class A Common Stock Award $0 +11.2K +1.5% $0.00 757K Feb 9, 2022 Direct F1
transaction LBRT Class B Common Stock Disposed to Issuer $0 -11.2K -100% $0.00* 0 Feb 9, 2022 Direct F2

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 LBRT Units Disposed to Issuer -11.2K -100% 0 Feb 9, 2022 Class A Common Stock 11.2K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents securities issued in redemption of Units (as defined below).
F2 Represents securities forfeited to the Issuer for no additional consideration upon redemption.
F3 "Units" means ownership interests in Liberty Oilfield Services New HoldCo LLC ("Liberty LLC"). The Issuer is sole managing member of Liberty LLC
F4 The limited liability company agreement of Liberty LLC provides certain holders of Units with certain rights to cause Liberty LLC to acquire all or a portion of the Units (the "Redemption Right") for, at Liberty LLC's election, (a) shares of Class A Common Stock at a redemption ratio of one share of Class A Common Stock for each Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions, or (b) an equivalent amount of cash based on the 30-day volume weighted average price of Class A Common Stock ending on the trading day that is immediately prior to the date that the Redemption Right is exercised. The Units and the right to exercise the Redemption Right have no expiration date.