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Filing Details

Accession Number:
0000895345-19-000006
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-01-02 17:14:10
Reporting Period:
2018-12-28
Accepted Time:
2019-01-02 17:14:10
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1403853 Nuverra Environmental Solutions Inc. NONE Oil & Gas Field Services, Nec (1389) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1475483 American Securities Llc 299 Park Avenue
New York NY 10171
No No No No
1570000 Ascribe Opportunities Fund Iii(B), L.p. 299 Park Avenue, 34Th Floor
New York NY 10171-8000
No No No No
1570001 Ascribe Opportunities Fund Iii, L.p. 299 Park Avenue, 34Th Floor
New York NY 10171-8000
No No No No
1673022 Ascribe Capital Llc 299 Park Avenue, 34Th Floor
New York NY 10171
No No No No
1673023 Ascribe Iii Investments Llc 299 Park Avenue, 34Th Floor
New York NY 10171
No No No No
1703901 Ascribe Associates Iii, Llc 299 Park Avenue, 34Th Floor
New York NY 10171
No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2018-12-28 1,495,607 $9.61 6,905,566 No 4 X Direct
Common Stock Acquisiton 2018-12-28 116,313 $9.61 7,021,879 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 X Direct
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Subscription Rights (Right to buy) Disposition 2018-12-28 1,495,607 $0.00 1,495,607 $9.61
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2018-12-10 2018-12-28 No 4 X Direct
Footnotes
  1. Represents the exercise of subscription rights in the Nuverra Environmental Solutions, Inc. ("Nuverra") rights offering, as described in Nuverra's prospectus dated December 10, 2018, 2018 (the "Rights Offering") by Ascribe II Investments LLC ("Fund II") and Ascribe III Investments LLC ("Fund III"), with each right entitling the holder to purchase one share of Nuverra's common stock, resulting in the purchase by Fund II and Fund III of 121,534 and 1,374,073 shares of Nuverra's common stock, respectively.
  2. Represents the purchase by Fund II and Fund III of 9,444 and 106,869 shares, respectively, of Nuverra's common stock, pursuant to the backstop commitment letter, dated October 5, 2018, filed as exhibit 10.11 to Nuverra's Current Report on Form 8-K filed with the SEC on October 11, 2018.
  3. Ascribe Capital LLC ("Ascribe Capital") is the investment manager of Fund III. Ascribe Management LLC ("Ascribe Management") is the investment manager of Fund II (Fund II, together with Fund III, the "Funds"). The Funds hold common stock, par value $0.01, of the issuer. American Securities LLC ("American Securities") is the 100% owner of Ascribe Capital and Ascribe Management. Ascribe Opportunities Fund III, L.P. ("Opportunities III") and Ascribe Opportunities Fund III(B), L.P. ("Opportunities III(B)") are the sole members of Fund III. Ascribe Associates III, LLC ("Associates III") is the general partner of Opportunities III and Opportunities III(B). Ascribe Opportunities Fund II, L.P. ("Opportunities II") and Ascribe Opportunities Fund II(B), L.P. ("Opportunities II(B)") are the sole members of Fund II. Ascribe Associates II, LLC ("Associates II") is the general partner of Opportunities II and Opportunities II(B).
  4. Each of Ascribe Capital, Ascribe Management, American Securities, Associates III, Opportunities III, Opportunities III(B), Associates II, Opportunities II and Opportunities II(B), may be deemed to share beneficial ownership of the common stock of the issuer held by the Funds. Each of Ascribe Capital, Ascribe Management, American Securities, Associates III, Opportunities III, Opportunities III(B), Associates II, Opportunities II and Opportunities II(B), disclaims beneficial ownership of the common stock held by the Funds, except to the extent of its pecuniary interests.
  5. Due to the limitations of the Securities and Exchange Commission's EDGAR system, Ascribe Management, Fund II, Associates II, Opportunities II and Opportunities II(B), have filed a separate Form 4.