Michael Y. Mcgovern - 23 Feb 2022 Form 4 Insider Report for Nuverra Environmental Solutions, Inc.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 23 Feb 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 23 Feb 2022, 17:32:43 UTC
Prior SEC filing: 15 Sep 2021
Next SEC filing: 03 Mar 2022
Source filing: View source filing
Reporting owner signature: /s/ Joseph M. Crabb, attorney-in-fact

Key filing fact

Michael Y. Mcgovern filed Form 4 for Nuverra Environmental Solutions, Inc. on 23 Feb 2022.

Key facts

This page summarizes Michael Y. Mcgovern's Form 4 filing for Nuverra Environmental Solutions, Inc..
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 23 Feb 2022, 17:32.

Change

Previous filing in this sequence was filed on 15 Sep 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.

NES transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -70,816
Change %: -100%
Price
Shares after: 0
Date: 23 Feb 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

Michael Y. Mcgovern 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

On February 23, 2022, pursuant to the Agreement and Plan of Merger, dated December 12, 2021 (the "Merger Agreement"), (i) a direct wholly owned subsidiary of Select Energy Services, Inc. ("Select") merged with and into the Issuer, with the Issuer surviving as a direct wholly owned subsidiary of Select (the "Initial Merger"), and (ii) immediately following the Initial Merger, the Issuer merged with and into an indirect wholly owned subsidiary of Select ("Holdco"), with Holdco surviving the merger as an indirect wholly owned subsidiary of Select (the "Subsequent Merger" and, together with the Initial Merger, the "Mergers").

Footnote F2

(Continued from Footnote 1) On February 23, 2022, pursuant to the Merger Agreement, each share of the Issuer's common stock issued and outstanding prior to the effective time of the Initial Merger was converted into the right to receive a number of shares of Select's Class A common stock (the "Class A Common Stock") equal to 0.2551 per share. On February 23, 2022, the per share closing price of the Class A Common Stock was $8.53.