| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LBRT | Class A Common Stock | Sale | -$56.3M | -3.71M | -100% | $15.20 | 0 | Jun 10, 2021 | See footnotes | F1, F2, F3, F5 |
| transaction | LBRT | Class A Common Stock | Award | +6.92M | 6.92M | Jun 10, 2021 | See footnotes | F1, F2, F4, F5, F6 | |||
| transaction | LBRT | Class A Common Stock | Sale | -$131M | -8.59M | -100% | $15.20 | 0 | Jun 10, 2021 | See footnotes | F1, F2, F4, F5 |
| transaction | LBRT | Class B Common Stock | Disposed to Issuer | $0 | -6.92M | -100% | $0.00* | 0 | Jun 10, 2021 | See footnotes | F1, F2, F4, F5, F7 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LBRT | Units | Disposed to Issuer | +6.92M | 0 | Jun 10, 2021 | Class A Common Stock | 6.92M | See footnotes | F1, F2, F4, F8, F9 |
Riverstone/Carlyle Energy Partners IV, L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | By reason of the provisions of Rule 16a-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), each of R/C Energy GP IV, LLC ("R/C GP IV"), which is the sole general partner of Riverstone/Carlyle Energy Partners IV, L.P. ("Riverstone/Carlyle EP IV"), and Riverstone/Carlyle EP IV, which is the sole general partner of each of R/C Energy IV Direct Partnership, L.P. ("R/C Direct") and R/C IV Liberty Holdings, L.P. ("R/C IV Liberty"), may be deemed to have an indirect pecuniary interest in the securities held directly by R/C Direct and R/C IV Liberty. In accordance with Instruction 4(b)(iv), the entire amount of the securities held by each of Riverstone/Carlyle EP IV, R/C Direct and R/C IV Liberty are reported herein. |
| F2 | (Continued from footnote 1) Each reporting person disclaims beneficial ownership of any securities that are not directly owned by such reporting person, except to the extent of their indirect pecuniary interest therein. This report shall not be deemed an admission that such reporting person is a member of a group or the beneficial owner of any securities not directly owned by such reporting person. |
| F3 | Shares held directly by R/C Direct. |
| F4 | Shares held directly by R/C IV Liberty. |
| F5 | Riverstone/Carlyle RP IV directly holds no shares. |
| F6 | Represents securities issued in redemption of the parallel Units (as defined below). |
| F7 | Represents securities forfeited for no additional consideration upon repurchase of the parallel Units. |
| F8 | "Units" means ownership interests in Liberty Oilfield Services New HoldCo LLC ("Liberty LLC"). The Issuer is the sole managing member of Liberty LLC. |
| F9 | 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. |
Previously, each reporting person herein may have been deemed a director by deputization for the purposes of Section 16 of the Exchange Act as a result of a now-terminated board designee right under that certain Amended and Restated Stockholders Agreement, dated as of December 13, 2020, by and among the Issuer, certain of the Reporting Persons and the other parties thereto, pursuant to which Brett Staffieri was appointed to the Issuer's board of directors.