Sec Form 4 Filing - DAY ROBERT @ Liberty Oilfield Services Inc. - 2019-02-26

Insider filing report for Changes in Beneficial Ownership
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FORM 4
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
DAY ROBERT
2. Issuer Name and Ticker or Trading Symbol
Liberty Oilfield Services Inc. [ LBRT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
Member of 10% owner group
(Last) (First) (Middle)
C/O OAKMONT CORPORATION, 865 SOUTH FIGUEROA STREET SUITE 700
3. Date of Earliest Transaction (MM/DD/YY)
02/26/2019
(Street)
LOS ANGELES, CA90017
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ 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
Class A Common Stock 02/26/2019 J( 1 ) 363,704 A $ 0 830,415 I See Footnotes ( 2 ) ( 3 )
Class A Common Stock 02/26/2019 J( 1 ) 1,136,296 A $ 0 2,594,412 I See Footnotes ( 2 ) ( 4 )
Class A Common Stock 02/26/2019 S 363,704 D $ 16.03 466,711 I See Footnotes ( 2 ) ( 3 )
Class A Common Stock 02/26/2019 S 1,136,296 D $ 16.03 1,458,116 I See Footnotes ( 2 ) ( 4 )
Class B Common Stock 02/26/2019 J( 1 ) 363,704 D $ 0 2,226,015 I See Footnotes ( 2 ) ( 3 )
Class B Common Stock 02/26/2019 J( 1 ) 1,136,296 D $ 0 6,954,600 I See Footnotes ( 2 ) ( 4 )
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
LLC Units ( 1 ) 02/26/2019 J( 1 ) 363,704 ( 1 ) ( 1 ) Class A Common Stock 363,704 ( 1 ) 2,226,015 I See Footnotes ( 2 ) ( 3 )
LLC Units ( 1 ) 02/26/2019 J( 1 ) 1,136,296 ( 1 ) ( 1 ) Class A Common Stock 1,136,296 ( 1 ) 6,954,600 I See Footnotes ( 2 ) ( 4 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DAY ROBERT
C/O OAKMONT CORPORATION
865 SOUTH FIGUEROA STREET SUITE 700
LOS ANGELES, CA90017
Member of 10% owner group
OAKMONT CORP
865 SOUTH FIGUEROA STREET SUITE 700
LOS ANGELES, CA90017
Member of 10% owner group
LAUREL ROAD LLC
C/O OAKMONT CORPORATION
865 SOUTH FIGUEROA STREET SUITE 700
LOS ANGELES, CA90017
Member of 10% owner group
LAUREL ROAD II, LLC
C/O OAKMONT CORPORATION
865 SOUTH FIGUEROA STREET SUITE 700
LOS ANGELES, CA90017
Member of 10% owner group
Signatures
/s/ Robert Miller, by Power of Attorney 02/28/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Pursuant to the terms of the limited liability company agreement of Liberty Oilfield Services New HoldCo LLC ("Liberty LLC"), Liberty LLC redeemed "LLC Units," which represent an ownership interest in Liberty LLC, and an equal number of Class B common stock (the "Class B Common Stock") of Liberty Oilfield Services Inc. (the "Issuer") in exchange for shares of Class A common stock of the Issuer (the "Class A Common Stock") on a one-for-one basis.
( 2 )By reason of the provisions of Rule 16a-1 of the Securities Exchange Act of 1934, as amended, each of Robert Day, the sole shareholder of Oakmont Corporation ("Oakmont"), and Oakmont, which is a member and the administrator of each of Laurel Road, LLC ("Laurel 1") and Laurel Road II, LLC ("Laurel 2"), may be deemed to have an indirect pecuniary interest in the securities held directly by Laurel 1 and Laurel 2. In accordance with Instruction 4(b)(iv), the entire amount of the securities held by each of Laurel 1 and Laurel 2 are reported herein. 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.
( 3 )Shares held directly by Laurel 1.
( 4 )Shares held directly by Laurel 2.

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