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Filing Details

Accession Number:: 0000899243-20-025540
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-09-17 17:08:13
Reporting Period:: 2020-09-15

Accepted Time:: 2020-09-17 17:08:13
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1745797	Brigham Minerals Inc.	MNRL	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1535563	R. James Levy	5914 W. Courtyard Drive, Suite 150 Austin TX 78730		Yes	No	No	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, Par Value $0.01	Disposition	2020-09-15	1,959,129	$8.08	170,363	No	4	S	Indirect	See footnotes
Class A Common Stock, Par Value $0.01	Disposition	2020-09-15	170,363	$8.08	0	No	4	S	Indirect	See footnotes
Class B Common Stock, Par Value $0.01	Disposition	2020-09-15	3,328,278	$0.00	0	No	4	C	Indirect	See footnotes
Class A Common Stock, Par Value $0.01	Acquisiton	2020-09-15	3,328,278	$0.00	3,328,278	No	4	C	Indirect	See footnotes
Class A Common Stock, Par Value $0.01	Disposition	2020-09-15	3,062,011	$8.08	266,267	No	4	S	Indirect	See footnotes
Class A Common Stock, Par Value $0.01	Disposition	2020-09-15	266,267	$8.08	0	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	C	Indirect	See footnotes
No	4	C	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	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, Par Value $0.01	Brigham Minerals Holdings, LLC common unit	Disposition	2020-09-15	3,328,278	$0.00	3,328,278	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	C	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock, Par Value $0.01	18,872	Direct

Footnotes

Such shares were sold in an underwritten public offering.
The Reporting Person is a Partner of Warburg Pincus & Co., a New York general partnership ("WP"), and a Member and Managing Director of Warburg Pincus LLC, a New York limited liability company ("WP LLC"). Prior to the consummation of the transactions reported herein, certain affiliates of WP and WP LLC (such affiliates, the "Warburg Pincus Entities") held shares of Class A common stock of the Issuer, shares of Class B common stock of the Issuer and Brigham Minerals Holdings, LLC ("Brigham LLC") common units ("Common Units"). As of the date hereof, after consummation of all transactions reported herein, the Warburg Pincus Entities no longer hold any shares of Class A common stock of the Issuer, shares of Class B common stock of the Issuer or Common Units.
All shares of Class A common stock and Class B common stock of the Issuer and all Common Units indicated as indirectly beneficially owned by the Reporting Person are included because of his affiliation with the Warburg Pincus Entities, due to which the Reporting Person may be deemed to have an indirect pecuniary interest (within the meaning of Rule 16a-1 under the Securities and Exchange Act of 1934, as amended) in an indeterminate portion of such securities owned by the Warburg Pincus Entities. The Reporting Person disclaims beneficial ownership of all shares of Class A common stock and Class B common stock of the Issuer and Common Units attributable to the Warburg Pincus Entities except to the extent of his direct pecuniary interest therein.
Such shares were sold to the Issuer pursuant to a Repurchase Agreement, dated September 10, 2020, by and between the Issuer and the Warburg Entities.
At the request of the respective Warburg Pincus Entity holding such Common Unit, each Common Unit may be coupled with a share of Class B common stock and redeemed for, at Brigham LLC's election, newly-issued shares of Class A common stock on a one-for-one basis or a cash payment equal to a volume weighted average market price of one share of Class A common stock for each Common Unit redeemed. The Common Units do not expire.
On September 15, 2020, certain of the Warburg Pincus Entities requested that 3,328,278 shares of Class B common stock and 3,328,278 Common Units be redeemed, and Brigham LLC elected to redeem such securities for an aggregate of 3,328,278 shares of Class A common stock.
Includes 10,598 restricted stock units previously awarded pursuant to the Brigham Minerals, Inc. 2019 Long Term Incentive Plan. The award vests in full on the first anniversary of the grant date, subject to continued service through the vesting date.