David A Trice Form 4 Select Energy Services / DAVID A TRICE ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

TRICE DAVID A

(Last) (First) (Middle)

1820 NORTH I-35, P.O. BOX 1715

(Street)

GAINESVILLE TX 76241

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Select Energy Services, Inc. [ WTTR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/01/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	11/01/2017		A		17,161	A	(1)	17,161	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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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
Stock Options (right to buy)	$34.41	11/01/2017		A		1,450		11/01/2017(2)	03/07/2023	Class A Common Stock	1,450	$0	1,450	D
Stock Options (right to buy)	$19.14	11/01/2017		A		2,608		11/01/2017(2)	03/06/2024	Class A Common Stock	2,608	$0	4,058	D
Stock Options (right to buy)	$15.13	11/01/2017		A		3,301		11/01/2017(2)	03/05/2025	Class A Common Stock	3,301	$0	7,359	D
Stock Options (right to buy)	$8.97	11/01/2017		A		5,575		11/01/2017(2)	03/10/2026	Class A Common Stock	5,575	$0	12,934	D
Stock Options (right to buy)	$22.22	11/01/2017		A		4,500		11/01/2017(2)	02/20/2027	Class A Common Stock	4,500	$0	17,434	D

Explanation of Responses:

1. Received in exchange for 22,427 shares of Rockwater Energy Solutions, Inc. ("Rockwater") Class A Common Stock, $0.01 par value per share in connection with the acquisition of Rockwater by Select Energy Services, Inc.

2. These options, granted as substitute awards under the Select Energy Services, Inc. 2016 Equity Incentive Plan, are all exercisable.

	/s/ David A. Trice by Adam Law, as Attorney-in-Fact	11/03/2017
	** Signature of Reporting Person	Date
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).
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