Sec Form 3 Filing - McCormick James Philip JR @ Hi-Crush Inc. - 2020-01-01

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
McCormick James Philip JR
2. Issuer Name and Ticker or Trading Symbol
Hi-Crush Inc. [ HCR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
(Last) (First) (Middle)
1330 POST OAK BLVD., SUITE 600
3. Date of Earliest Transaction (MM/DD/YY)
01/01/2020
(Street)
HOUSTON, TX77056
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units ( 1 ) ( 1 ) ( 1 ) Common Stock 19,076 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
McCormick James Philip JR
1330 POST OAK BLVD., SUITE 600
HOUSTON, TX77056
Chief Financial Officer
Signatures
/s/ J. Philip McCormick, Jr. by Mark C. Skolos Attorney-in-Fact 01/10/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person is a participant in the Hi-Crush Inc. Long Term Incentive Plan (the "Plan") and received 10,504 time-based phantom units on September 3, 2018 and 8,572 time-based phantom units on September 27, 2018 which were subsequently converted into restricted stock units ("RSUs") under the Plan on May 31, 2019. Subject to the reporting person's continued employment, 5,252 of the RSUs will vest on each of September 3, 2020 and September 3, 2021 and 4,286 of the RSUs will vest on each of September 27, 2020 and September 27, 2021. Each RSU represents the right to receive, upon vesting, one share of common stock of Hi-Crush Inc., along with tandem distribution equivalent rights ("DERs"). The DERs are payable in cash.

Remarks:
On May 31, 2019, Hi-Crush Partners LP converted from a Delaware limited partnership to a Delaware corporation named Hi-Crush Inc. As a result of such conversion, each common unit of Hi-Crush Partners LP was converted into one share of common stock of Hi-Crush Inc., and each outstanding time-based phantom unit award was converted into an award of RSUs on a one-to-one basis.EXHIBIT LIST: EX-24 Power of Attorney, Exhibit 24

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