Key facts
- This page summarizes Lance D. Turner's Form 4 filing for FTS International, Inc..
- 5 reported transactions and 4 derivative rows are listed below.
- Accepted by SEC: 08 Mar 2022, 19:19.
Lance D. Turner - 04 Mar 2022 Form 4 Insider Report for FTS International, Inc.
- Reporting relationship
- CFO and Treasurer
- Issuer ticker
- N/A
- Reported as of
- 04 Mar 2022
- Net transaction value
- -$571,582
- SEC form
- 4
- Accepted by SEC
- 08 Mar 2022, 19:19:44 UTC
- Prior SEC filing
- 23 Nov 2021
- Next SEC filing
- 12 May 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Lance D. Turner
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Lance D. Turner filed Form 4 for FTS International, Inc. on 08 Mar 2022.
Change
- Previous filing in this sequence was filed on 23 Nov 2021.
- Current net transaction value: -$571,582.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
FTSI
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -27,747
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 04 Mar 2022
- Ownership
- Direct
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
FTSI
transaction
Derivative
Restricted Stock Units
Disposed to Issuer
- Transaction value
- Shares
- -60,763
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 04 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 0
- Exercise price
- Footnotes
- F1, F2, F3
FTSI
transaction
Derivative
Option Rights
Disposed to Issuer
- Transaction value
- $571,582
- Shares
- -40,509
- Change %
- -100%
- Price
- $14.11
- Shares after
- 0
- Date
- 04 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 40,509
- Exercise price
- $14.11
- Footnotes
- F4
FTSI
transaction
Derivative
Warrant (right to buy)
Disposed to Issuer
- Transaction value
- Shares
- -3,769
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 04 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 3,769
- Exercise price
- $33.04
- Footnotes
- F5
FTSI
transaction
Derivative
Warrant (right to buy)
Disposed to Issuer
- Transaction value
- Shares
- -9,424
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 04 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 9,424
- Exercise price
- $37.14
- Footnotes
- F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Lance D. Turner is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 6 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"), Effective as of March 4, 2022, as contemplated by the Agreement and Plan of Merger, dated as of October 21, 2021, among 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, pursuant to which 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.
Footnote F3
These Restricted Stock Units, which provided for vesting in four equal annual installments beginning on the first anniversary of the date of the grant, were canceled at the effective time of the Merger in exchange for a cash payment equal to the per-share merger consideration.
Footnote F4
These Stock Options, which provided for vesting in four equal annual installments beginning on the first anniversary of the date of the grant, were canceled at the effective time of the Merger (whether vested or unvested) in exchange for a cash payment equal to the per-share merger consideration, less the exercise price of the option.
Footnote F5
The warrants were cancelled upon the closing of the Merger and converted into the right to receive $3.97 per warrant.
Footnote F6
The warrants were cancelled upon the closing of the Merger and converted into the right to receive $3.04 per warrant