Sec Form 4 Filing - EDENS WESLEY R @ New Fortress Energy LLC - 2020-05-05

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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
EDENS WESLEY R
2. Issuer Name and Ticker or Trading Symbol
New Fortress Energy LLC [ NFE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
111 W. 19TH STREET, 8TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
05/05/2020
(Street)
NEW YORK, NY10011
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
New Fortress Intermediate LLC Units ( 1 ) ( 1 ) 05/05/2020 A( 2 )( 3 ) 2,505,312 ( 1 ) ( 1 ) Class A Shares 2,505,312 $ 0 69,347,698 I See Footnote ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
EDENS WESLEY R
111 W. 19TH STREET, 8TH FLOOR
NEW YORK, NY10011
X X Chief Executive Officer
Signatures
/s/ Wesley R. Edens, by Cameron D. MacDougall as Attorney-in-Fact 05/07/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The New Fortress Intermediate LLC ("NFI") operating agreement provides certain holders of NFI common units ("NFI LLC Units") with certain rights to cause NFI to acquire all or a portion of the NFI LLC Units (the "Redemption Right") for, at NFI's election, (a) Class A shares ("Class A Shares") of New Fortress Energy LLC (the "Issuer") at a redemption ratio of one Class A share for each NFI LLC Unit redeemed, subject to conversion rate adjustments for any equity split, equity distribution, reclassification or other similar transaction, or (b) an equivalent amount of cash based on the trading price of a Class A Share on the trading day that is immediately prior to the date of the redemption. The NFI LLC Units and the right to exercise the Redemption Right have no expiration date.
( 2 )These NFI LLC Units are held directly by New Fortress Energy Holdings LLC ("New Fortress Energy Holdings"). New Fortress Energy Holdings is majority owned and controlled by Fortress Equity Partners (A) LP (the "Fortress Shareholder"), of which the reporting person and WRE 2012 Trust LLC (an entity controlled by the reporting person) are limited partners, and which is indirectly controlled by Fortress Investment Group LLC ("FIG"), the indirect parent of the Issuer through its indirect ownership of Issuer Class B shares.
( 3 )On May 5, 2020, FIG allocated these NFI LLC units held by New Fortress Energy Holdings to the reporting person in a transaction approved in advance by the board of directors of the Issuer.

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