4//SEC Filing
NARDONE RANDAL A 4
Accession 0001140361-20-013208
CIK 0001749723other
Filed
Jun 4, 8:00 PM ET
Accepted
Jun 5, 4:49 PM ET
Size
7.7 KB
Accession
0001140361-20-013208
Insider Transaction Report
Form 4
NARDONE RANDAL A
Director
Transactions
- Exercise/Conversion
NewFortressIntermediateLLC Units
2020-06-03−23,122,311→ 0 total→ Class AShares (23,122,311 underlying) - Exercise/Conversion
Class A Shares
2020-06-03+23,122,311→ 26,202,311 total
Footnotes (2)
- [F1]The Amended and Restated Limited Liability Company Agreement (the "NFI LLCA") of New Fortress Intermediate LLC ("NFI") provides certain holders of common units ("NFI LLC Units") of NFI with certain rights to cause NFI or New Fortress Energy LLC (the "Issuer") to acquire all or a portion of the NFI LLC Units and an equal number of non-economic Class B common shares (the "Class B Shares") of the Issuer (the "Redemption Right") for, at its election, (a) Class A common shares ("Class A Shares") of 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 Redemption Right has no expiration date.
- [F2]On June 3, 2020, the reporting person exercised the Redemption Right and the Issuer became obligated to acquire these NFI LLC Units and an equal number of Class B Shares in exchange for Class A Shares.
Documents
Issuer
New Fortress Energy LLC
CIK 0001749723
Entity typeother
Related Parties
1- filerCIK 0001124465
Filing Metadata
- Form type
- 4
- Filed
- Jun 4, 8:00 PM ET
- Accepted
- Jun 5, 4:49 PM ET
- Size
- 7.7 KB