Sec Form 4 Filing - Hollis Michael L. @ Pure Acquisition Corp. - 2020-07-01

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
Hollis Michael L.
2. Issuer Name and Ticker or Trading Symbol
Pure Acquisition Corp. [ PACQ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President
(Last) (First) (Middle)
421 W. 3RD STREET, SUITE 1000
3. Date of Earliest Transaction (MM/DD/YY)
07/01/2020
(Street)
FORT WORTH, TX76102
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
Pure Acquisition Corp. 07/01/2020 P 500 A $ 10.55 500 D
Pure Acquisition Corp. 07/06/2020 G( 3 ) 100 A $ 10.56 600 I By son
Pure Acquisition Corp. 07/06/2020 G( 3 ) 100 A $ 10.56 700 I By son
Pure Acquisition Corp. 07/08/2020 P 1,500 A $ 10.54 ( 1 ) 2,200 D
Pure Acquisition Corp. 07/27/2020 P 1,885 A $ 10.69 ( 2 ) 4,085 D
Pure Acquisition Corp. 07/28/2020 P 1,115 A $ 10.63 5,200 D
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
Pure Acquisition Corp. Warrant $ 11.5 07/01/2020 P 2,500 ( 4 ) ( 4 ) Class A Common Stock 2,500 $ 1.21 2,500 D
Pure Acquisition Corp. Warrant $ 11.5 07/08/2020 P 499 ( 4 ) ( 4 ) Class A Common Stock 499 $ 1.35 2,999 D
Pure Acquisition Corp. Warrant $ 11.5 07/09/2020 P 381 ( 4 ) ( 4 ) Class A Common Stock 381 $ 1.26 3,380 D
Pure Acquisition Corp. Warrant $ 11.5 07/21/2020 P 200 ( 4 ) ( 4 ) Class A Common Stock 200 $ 1.41 3,580 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hollis Michael L.
421 W. 3RD STREET, SUITE 1000
FORT WORTH, TX76102
President
Signatures
/s/ Steven W. Tholen 08/05/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.51 to $10.55, inclusive.
( 2 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.67 to $10.73, inclusive.
( 3 )This transaction involved gifts of securities by the reporting person to his daughter and son, who share reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his daughter and son, and this report should not be deemed an admission that the reporting person is the beneficial owner of his daughter's or son's shares for purposes of Section 16 or for any other purpose.
( 4 )The Warrants may be exercised during the period (a) commencing thirty (30) days after the completion of the issuer's initial business combination and (b) expiring on the fifth anniversary of the issuer's initial business combination, or earlier upon redemption or liquidation.

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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