SCF Partners, Inc. - Dec 13, 2022 Form 4 Insider Report for Select Energy Services, Inc. (WTTR)

Role: Member of Group, 10%+ Owner
Signature: Anthony F. DeLuca/Officer of Reporting Person
Stock symbol: WTTR
Transactions as of: Dec 13, 2022
Transactions value $: -$10,067,120
Form type: 4
Date filed: 12/14/2022, 03:10 PM
Previous filing: Jun 8, 2022
Next filing: Mar 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WTTR	Class A Common Stock	Other	-$10.1M	-1.22M	-19.14%	$8.25	5.15M	Dec 13, 2022	SCF-VII, L.P.	F1, F2
holding	WTTR	Class A Common Stock						5.71M	Dec 13, 2022	SCF-VI, L.P.	F1
holding	WTTR	Class A Common Stock						1.04M	Dec 13, 2022	SCF-VII(A), L.P.	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	SCF Partners, Inc. (formerly named LE Simmons & Associates Inc), a Delaware corporation (SCFP), manages each of SCFVI, GP, Limited Partnership (SCFVIGP), SCFVII, GP Limited Partnership (SCFVIIGP) and SCF-VII(A), GP Limited Partnership (SCFVIIAGP), each of which are Delaware limited partnerships. Additionally, SCFVIGP is the sole general partner of SCF-VI, SCFVIIGP is the sole general partner of SCF-VII, and SCF-VIIAGP is the sole general partner of SCF-VIIA. Collectively, SCFP, SCFVIGP, SCFVIIGP, SCFVIIAGP, SCF-VI, SCF-VII and SCF-VIIA are the reporting entities. Based on the reporting person's affiliation with the reporting entities, SCFP may be deemed to beneficially own all of the shares of common stock of the registrant beneficially owned or deemed to be beneficially owned by the reporting entities.
F2	Represents a transfer of direct ownership to certain limited partners of SCF-VII, L.P. (SCF-VII). Pursuant to the terms of its limited partnership agreement, dated May 30, 2008, SCF-VII was scheduled to expire. In connection therewith, certain of SCF-VII's limited partners elected to receive a pro rata distribution of SCF-VII's shares of the registrant's common stock. The remaining shares held by SCF-VII are held for the benefit of its limited partners who chose to leave their shares invested with SCF-VII. Following the distribution reported in this Form 4, SCF-VI, SCF-VII, and SCFVIIA, in the aggregate own 11,910,756 shares of common stock.

Content

SCF Partners, Inc. (formerly named LE Simmons & Associates Inc), a Delaware corporation (SCFP), manages each of SCFVI, GP, Limited Partnership (SCFVIGP), SCFVII, GP Limited Partnership (SCFVIIGP) and SCF-VII(A), GP Limited Partnership (SCFVIIAGP), each of which are Delaware limited partnerships. Additionally, SCFVIGP is the sole general partner of SCF-VI, SCFVIIGP is the sole general partner of SCF-VII, and SCF-VIIAGP is the sole general partner of SCF-VIIA. Collectively, SCFP, SCFVIGP, SCFVIIGP, SCFVIIAGP, SCF-VI, SCF-VII and SCF-VIIA are the reporting entities. Based on the reporting person's affiliation with the reporting entities, SCFP may be deemed to beneficially own all of the shares of common stock of the registrant beneficially owned or deemed to be beneficially owned by the reporting entities.

Represents a transfer of direct ownership to certain limited partners of SCF-VII, L.P. (SCF-VII). Pursuant to the terms of its limited partnership agreement, dated May 30, 2008, SCF-VII was scheduled to expire. In connection therewith, certain of SCF-VII's limited partners elected to receive a pro rata distribution of SCF-VII's shares of the registrant's common stock. The remaining shares held by SCF-VII are held for the benefit of its limited partners who chose to leave their shares invested with SCF-VII. Following the distribution reported in this Form 4, SCF-VI, SCF-VII, and SCFVIIA, in the aggregate own 11,910,756 shares of common stock.