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Filing Details

Accession Number:: 0001567619-19-020675
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-11-07 16:39:22
Reporting Period:: 2019-11-05

Accepted Time:: 2019-11-07 16:39:22
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1694028	Liberty Oilfield Services Inc.	LBRT	()	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1534496	Riverstone/Carlyle Energy Partners Iv, L.p.	C/O Riverstone Holdings Llc 712 Fifth Avenue, 36Th Floor New York NY 10019	Yes	No	Yes	No
1534523	R/C Energy Gp Iv, Llc	C/O Riverstone Holdings Llc 712 Fifth Avenue, 36Th Floor New York NY 10019	Yes	No	Yes	No
1539633	R/C Energy Iv Direct Partnership, L.p.	C/O Riverstone Holdings Llc 712 Fifth Avenue, 36Th Floor New York NY 10019	Yes	No	Yes	No
1705417	R/C Iv Liberty Holdings, L.p.	C/O Riverstone Holdings Llc 712 Fifth Avenue, 36Th Floor New York NY 10019	Yes	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2019-11-05	1,733,035	$9.61	10,264,088	No	4	S	Indirect	See footnotes
Class A Common Stock	Disposition	2019-11-05	4,016,965	$0.00	6,603,309	No	4	A	Indirect	See footnotes
Class A Common Stock	Disposition	2019-11-05	4,016,965	$9.61	2,586,344	No	4	S	Indirect	See footnotes
Class B Common Stock	Disposition	2019-11-05	4,016,965	$0.00	21,204,564	No	4	D	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnotes
No	4	A	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	D	Indirect	See footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Units	Acquisiton	2019-11-05	4,016,965	$0.00	4,016,965	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
21,204,564			No	4	D	Indirect

Footnotes

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
(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.
Shares held directly by R/C Direct.
Shares held directly by R/C IV Liberty.
Riverstone/Carlyle RP IV directly holds no shares.
Represents securities issued in redemption of the parallel Units (as defined below).
Represents securities forfeited for no additional consideration upon repurchase of the parallel Units.
"Units" means ownership interests in Liberty Oilfield Services New HoldCo LLC ("Liberty LLC"). The Issuer is the sole managing member of Liberty LLC.
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.