Sec Form 4 Filing - HITE Hedge Asset Management LLC @ Falcon Minerals Corp - 2019-09-11

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
HITE Hedge Asset Management LLC
2. Issuer Name and Ticker or Trading Symbol
Falcon Minerals Corp [ FLMN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
300 CROWN COLONY DR, SUITE 108
3. Date of Earliest Transaction (MM/DD/YY)
09/11/2019
(Street)
QUINCY, MA02169
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 ( 1 ) 09/11/2019 S 101,960 D $ 7.04 979,663 D ( 2 )
Class A Common Stock ( 3 ) 09/11/2019 S 74,440 D $ 7.04 687,309 D ( 2 )
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HITE Hedge Asset Management LLC
300 CROWN COLONY DR
SUITE 108
QUINCY, MA02169
X
HITE Hedge LP
300 CROWN COLONY DR
SUITE 108
QUINCY, MA02169
X
HITE MLP Advantage LP
300 CROWN COLONY DR
SUITE 108
QUINCY, MA02169
X
Jampel James M
300 CROWN COLONY DR
SUITE 108
QUINCY, MA02169
X
Signatures
HITE Hedge Asset Management LLC, By: /s/ James E. Conant, Attorney-in-Fact for James M. Jampel, Managing Member 09/13/2019
Signature of Reporting Person Date
HITE Hedge LP, By: HITE Hedge Capital LP, its General Partner, By: HITE Hedge Capital LLC, its General Partner, By: /s/ James E. Conant, Attorney-in-Fact for James M. Jampel, Managing Member 09/13/2019
Signature of Reporting Person Date
HITE MLP Advantage LP, By: HITE Hedge Capital LP, its General Partner, By: HITE Hedge Capital LLC, its General Partner, By: /s/ James E. Conant, Attorney-in-Fact for James M. Jampel, Managing Member 09/13/2019
Signature of Reporting Person Date
/s/ James E. Conant, Attorney-in-Fact for James M. Jampel, Managing Member 09/13/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares sold by HITE Hedge LP.
( 2 )HITE Hedge Asset Management LLC may be deemed the indirect beneficial owner of these shares as a result of its role as investment adviser to the seller. James M. Jampel may be deemed the indirect beneficial owner of these shares as a result of his serving as Managing Member of HITE Hedge Asset Management LLC. After giving effect to all of the sales reflected in this Form 4, each of HITE Hedge Asset Management LLC and Mr. Jampel may be deemed the indirect beneficial owner of a total of 5,719,633 shares of Class A Common Stock. Mr. Jampel disclaims beneficial ownership of the shares reported except to the extent of his pecuniary interest therein.
( 3 )Shares sold by HITE MLP Advantage LP.

Remarks:
This Form 4 is filed jointly by HITE Hedge Asset Management LLC, HITE Hedge LP, HITE MLP Advantage LP, and James M. Jampel. AS OF SEPTEMBER 13, 2019, EACH OF THE FILING PERSONS IS A MEMBER OF A SECTION 13(d) GROUP THAT MAY BE DEEMED TO COLLECTIVELY OWN A TOTAL OF 5,719,633 SHARES OF CLASS A COMMON STOCK. Of those 5,719,633 shares, 463,845 are held directly by HITE MLP Advantage Caymans Ltd., 979,663 are held directly by HITE Hedge LP, 975,816 are held directly by HITE Hedge QP LP, 180,425 are held directly by HITE Energy LP, 1,973,465 are held directly by HITE Hedge Offshore Ltd., 687,309 are held directly by HITE MLP Advantage LP, 65,260 are held directly by HITE MLP Caymans Ltd., 393,850 are held directly by HITE MLP LP, and none are held directly by HITE Hedge Asset Management LLC or James M. Jampel.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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