Initial Statement of Beneficial Ownership (3)
10 Janeiro 2020 - 6:09PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
McCormick James Philip JR |
2. Date of Event Requiring Statement (MM/DD/YYYY)
1/1/2020
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3. Issuer Name and Ticker or Trading Symbol
Hi-Crush Inc. [HCR]
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(Last)
(First)
(Middle)
1330 POST OAK BLVD., SUITE 600 |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) Chief Financial Officer / |
(Street)
HOUSTON, TX 77056
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units | (1) | (1) | Common Stock | 19076.0 | (1) | D | |
Explanation of Responses: |
(1) | The reporting person is a participant in the Hi-Crush Inc. Long Term Incentive Plan (the "Plan") and received 10,504 time-based phantom units on September 3, 2018 and 8,572 time-based phantom units on September 27, 2018 which were subsequently converted into restricted stock units ("RSUs") under the Plan on May 31, 2019. Subject to the reporting person's continued employment, 5,252 of the RSUs will vest on each of September 3, 2020 and September 3, 2021 and 4,286 of the RSUs will vest on each of September 27, 2020 and September 27, 2021. Each RSU represents the right to receive, upon vesting, one share of common stock of Hi-Crush Inc., along with tandem distribution equivalent rights ("DERs"). The DERs are payable in cash. |
Remarks: On May 31, 2019, Hi-Crush Partners LP converted from a Delaware limited partnership to a Delaware corporation named Hi-Crush Inc. As a result of such conversion, each common unit of Hi-Crush Partners LP was converted into one share of common stock of Hi-Crush Inc., and each outstanding time-based phantom unit award was converted into an award of RSUs on a one-to-one basis. EXHIBIT LIST: EX-24 Power of Attorney, Exhibit 24 |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
McCormick James Philip JR 1330 POST OAK BLVD., SUITE 600 HOUSTON, TX 77056 |
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| Chief Financial Officer |
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Signatures
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/s/ J. Philip McCormick, Jr. by Mark C. Skolos Attorney-in-Fact | | 1/10/2020 |
**Signature of Reporting Person | Date |
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