Warburg Pincus Form 4 Change in insider ownership

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^*

Warburg Pincus & Co US, LLC

(Last)

(First)

(Middle)

C/O WARBURG PINCUS LLC

450 LEXINGTON AVENUE

(Street)

NEW YORK

10017

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Brigham Minerals, Inc. [ MNRL ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
04/23/2019

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

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

	Form filed by One Reporting Person
X	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A common stock, par value $0.01	04/23/2019		A		5,010,009	A	⁽¹⁴⁾	5,010,009⁽¹⁾⁽²⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾⁽⁹⁾	I	By Brigham Parent Holdings, L.P.⁽³⁾⁽⁸⁾
Class B common stock, par value $0.01	04/23/2019		A		23,392	A	⁽¹⁴⁾	23,392⁽¹⁾⁽²⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾⁽⁹⁾	I	By WP Energy Partners Brigham Holdings, L.P⁽³⁾⁽⁸⁾⁽¹⁰⁾
Class B common stock, par value $0.01	04/23/2019		A		178,641	A	⁽¹⁴⁾	178,641⁽¹⁾⁽²⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾⁽⁹⁾	I	By Warburg Pincus Energy (E&P) Partners-A (Brigham), LLC⁽³⁾⁽⁸⁾⁽¹⁰⁾⁽¹²⁾
Class B common stock, par value $0.01	04/23/2019		A		281,260	A	⁽¹⁴⁾	281,260⁽¹⁾⁽²⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾⁽⁹⁾	I	By Warburg Pincus XI (E&P) Partners-A (Brigham) LLC⁽³⁾⁽⁸⁾⁽¹¹⁾⁽¹²⁾
Class B common stock, par value $0.01	04/23/2019		A		285,694	A	⁽¹⁴⁾	285,694⁽¹⁾⁽²⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾⁽⁹⁾	I	By WP Energy Brigham Holdings, L.P.⁽³⁾⁽⁸⁾⁽¹⁰⁾
Class B common stock, par value $0.01	04/23/2019		A		453,258	A	⁽¹⁴⁾	453,258⁽¹⁾⁽²⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾⁽⁹⁾	I	By WP Brigham Holdings, L.P.⁽³⁾⁽⁸⁾⁽¹¹⁾
Class B common stock, par value $0.01	04/23/2019		A		2,957,800	A	⁽¹⁴⁾	2,957,800⁽¹⁾⁽²⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾⁽⁹⁾	I	By Warburg Pincus Energy (E&P)-A (Brigham), LLC⁽³⁾⁽⁸⁾⁽¹⁰⁾
Class B common stock, par value $0.01	04/23/2019		A		3,650,319	A	⁽¹⁴⁾	3,650,319⁽¹⁾⁽²⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾⁽⁹⁾	I	By Warburg Pincus Private Equity (E&P) XI-A (Brigham) LLC⁽³⁾⁽⁸⁾⁽¹¹⁾⁽¹²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Brigham Minerals Holdings, LLC common unit	⁽¹³⁾	04/23/2019		J⁽¹⁴⁾		23,392		⁽¹³⁾	⁽¹³⁾	Class A common stock, par value $0.01	23,392	⁽¹⁴⁾	23,392⁽¹⁾⁽²⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾⁽⁹⁾	I	By WP Energy Partners Brigham Holdings, L.P.⁽³⁾⁽⁸⁾⁽¹⁰⁾
Brigham Minerals Holdings, LLC common unit	⁽¹³⁾	04/23/2019		J⁽¹⁴⁾		178,641		⁽¹³⁾	⁽¹³⁾	Class A common stock, par value $0.01	178,641	⁽¹⁴⁾	178,641⁽¹⁾⁽²⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾⁽⁹⁾	I	By Warburg Pincus Energy (E&P) Partners-A (Brigham), LLC⁽³⁾⁽⁸⁾⁽¹⁰⁾⁽¹²⁾
Brigham Minerals Holdings, LLC common unit	⁽¹³⁾	04/23/2019		J⁽¹⁴⁾		281,260		⁽¹³⁾	⁽¹³⁾	Class A common stock, par value $0.01	281,260	⁽¹⁴⁾	281,260⁽¹⁾⁽²⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾⁽⁹⁾	I	By Warburg Pincus XI (E&P) Partners-A (Brigham) LLC⁽³⁾⁽⁸⁾⁽¹¹⁾⁽¹²⁾
Brigham Minerals Holdings, LLC common unit	⁽¹³⁾	04/23/2019		J⁽¹⁴⁾		285,694		⁽¹³⁾	⁽¹³⁾	Class A common stock, par value $0.01	285,694	⁽¹⁴⁾	285,694⁽¹⁾⁽²⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾⁽⁹⁾	I	By WP Energy Brigham Holdings, L.P.⁽³⁾⁽⁸⁾⁽¹⁰⁾
Brigham Minerals Holdings, LLC common unit	⁽¹³⁾	04/23/2019		J⁽¹⁴⁾		453,258		⁽¹³⁾	⁽¹³⁾	Class A common stock, par value $0.01	453,258	⁽¹⁴⁾	453,258⁽¹⁾⁽²⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾⁽⁹⁾	I	By WP Brigham Holdings, L.P.⁽³⁾⁽⁸⁾⁽¹¹⁾
Brigham Minerals Holdings, LLC common unit	⁽¹³⁾	04/23/2019		J⁽¹⁴⁾		2,957,800		⁽¹³⁾	⁽¹³⁾	Class A common stock, par value $0.01	2,957,800	⁽¹⁴⁾	2,957,800⁽¹⁾⁽²⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾⁽⁹⁾	I	By Warburg Pincus Energy (E&P)-A (Brigham), LLC⁽³⁾⁽⁸⁾⁽¹⁰⁾
Brigham Minerals Holdings, LLC common unit	⁽¹³⁾	04/23/2019		J⁽¹⁴⁾		3,650,319		⁽¹³⁾	⁽¹³⁾	Class A common stock, par value $0.01	3,650,319	⁽¹⁴⁾	3,650,319⁽¹⁾⁽²⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾⁽⁹⁾	I	By Warburg Pincus Private Equity (E&P) XI-A (Brigham) LLC⁽³⁾⁽⁸⁾⁽¹¹⁾⁽¹²⁾

1. Name and Address of Reporting Person^*

Warburg Pincus & Co US, LLC

(Last)

(First)

(Middle)

C/O WARBURG PINCUS LLC

450 LEXINGTON AVENUE

(Street)

NEW YORK

10017

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Warburg Pincus Private Equity (E&P) XI-A, L.P.

(Last)

(First)

(Middle)

C/O WARBURG PINCUS LLC

450 LEXINGTON AVENUE

(Street)

NEW YORK

10017

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Warburg Pincus XI (E&P) Partners - A, L.P.

(Last)

(First)

(Middle)

C/O WARBURG PINCUS LLC

450 LEXINGTON AVENUE

(Street)

NEW YORK

10017

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Warburg Pincus Private Equity (E&P) XI-A (Brigham), LLC

(Last)

(First)

(Middle)

C/O WARBURG PINCUS LLC

450 LEXINGTON AVENUE

(Street)

NEW YORK

10017

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Warburg Pincus XI (E&P) Partners-A (Brigham), LLC

(Last)

(First)

(Middle)

C/O WARBURG PINCUS LLC

450 LEXINGTON AVENUE

(Street)

NEW YORK

10017

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

WP Brigham Holdings, L.P.

(Last)

(First)

(Middle)

C/O WARBURG PINCUS LLC

450 LEXINGTON AVENUE

(Street)

NEW YORK

10017

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

WARBURG PINCUS (E&P) XI, L.P.

(Last)

(First)

(Middle)

C/O WARBURG PINCUS LLC

450 LEXINGTON AVENUE

(Street)

NEW YORK

10017

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

WARBURG PINCUS PARTNERS (E&P) XI LLC

(Last)

(First)

(Middle)

C/O WARBURG PINCUS LLC

450 LEXINGTON AVENUE

(Street)

NEW YORK

10017

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Warburg Pincus (E&P) Energy LLC

(Last)

(First)

(Middle)

C/O WARBURG PINCUS LLC

450 LEXINGTON AVENUE

(Street)

NEW YORK

10017

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Warburg Pincus (E&P) Energy GP, L.P.

(Last)

(First)

(Middle)

C/O WARBURG PINCUS LLC

450 LEXINGTON AVENUE

(Street)

NEW YORK

10017

(City)

(State)

(Zip)

Explanation of Responses:

1. This Form 4 is filed on behalf of Warburg Pincus & Co US, LLC ("Warburg Pincus US") and certain of its affiliates including (a) Brigham Parent Holdings, L.P., a Delaware limited partnership ("Brigham Parent Holdings") and (b) Warburg Pincus Private Equity (E&P) XI-A (Brigham), LLC, a Delaware limited liability company ("WPPE E&P XI-A Brigham"), Warburg Pincus XI (E&P) Partners-A (Brigham), LLC, a Delaware limited liability company ("WP XI E&P Partners-A Brigham"), WP Brigham Holdings, L.P., a Delaware limited partnership ("WP Brigham Holdings"), Warburg Pincus Energy (E&P)-A (Brigham), LLC, a Delaware limited liability company ("WPE E&P-A Brigham"),

2. (continued from footnote 1) Warburg Pincus Energy (E&P) Partners-A (Brigham), LLC, a Delaware limited liability company ("WPE E&P Partners-A Brigham"), WP Energy Brigham Holdings, L.P., a Delaware limited partnership ("WPE Brigham Holdings"), and WP Energy Partners Brigham Holdings, L.P., a Delaware limited partnership ("WPE Partners Brigham Holdings" together with WPPE E&P XI-A Brigham, WP XI E&P Partners-A Brigham, WP Brigham Holdings, WPE E&P-A Brigham, WPE E&P Partners-A Brigham, WPE Brigham Holdings the "WP Class B Owners").

3. As of April 25, 2019, Brigham Parent Holdings owned 5,010,009 shares of Class A common stock. As of April 25, 2019, the WP Class B Owners collectively owned 7,830,364 shares of Class B common stock and 7,830,364 Brigham Minerals Holdings, LLC common units ("Common Units") of which 23,392 of each are owned by WPE Partners Brigham Holdings, 178,641 of each are owned by WPE E&P Partners-A Brigham, 281,260 of each are owned by WP XI E&P Partners-A Brigham, 285,694 of each are owned by WPE Brigham Holdings, 453,258 of each are owned by WP Brigham Holdings, 2,957,800 of each are owned by WPE E&P-A Brigham and 3,650,319 of each are owned by WPPE E&P XI-A Brigham.

4. Warburg Pincus Private Equity (E&P) XI-A, L.P., a Delaware limited partnership ("WPPE E&P XI-A"), is the sole member of WPPE E&P XI-A Brigham. Warburg Pincus XI (E&P) Partners - A, L.P., a Delaware limited partnership ("WP XI E&P Partners-A"), is the sole member of WP XI E&P Partners-A Brigham. Warburg Pincus Energy (E&P)-A, L.P., a Delaware limited partnership ("WPE E&P-A"), is the sole and managing member of WPE E&P-A Brigham. Warburg Pincus Energy (E&P) Partners-A, L.P., a Delaware limited partnership ("WPE E&P Partners-A"), is the sole and managing member of WPE E&P Partners-A Brigham.

5. (continued from footnote 4) Warburg Pincus (E&P) XI, L.P., a Delaware limited partnership ("WP XI E&P GP"), is the general partner of each of WP Brigham Holdings, WPPE E&P XI-A, WP XI E&P Partners-A and Brigham Parent Holdings. Warburg Pincus (E&P) XI LLC, a Delaware limited liability company ("WP XI E&P LLC"), is the general partner of WP XI E&P GP. Warburg Pincus Partners (E&P) XI LLC, a Delaware limited liability company ("WP Partners E&P XI LLC"), is the sole member of WP XI E&P LLC. Warburg Pincus Partners II (US), L.P., a Delaware limited partnership ("WPP II US"), is the managing member of WP Partners E&P XI LLC. Warburg Pincus US is the general partner of WPP II US.

6. (continued from footnote 5) Warburg Pincus (E&P) Energy GP, L.P., a Delaware limited partnership ("WPE E&P GP"), is the general partner of each of WPE Brigham Holdings, WPE Partners Brigham Holdings, WPE E&P-A, WP Energy Partners, L.P. and WPE E&P Partners-A. Warburg Pincus (E&P) Energy LLC, a Delaware limited liability company ("WPE E&P LLC"), is the general partner of WPE E&P GP. WPP II US is the managing member of WPE E&P LLC. Warburg Pincus LLC, a New York limited liability company ("Warburg Pincus") is the manager of each of WP Brigham Holdings, WPPE E&P XI-A, WP XI E&P Partners-A, WPE Brigham Holdings, WPE Partners Brigham Holdings, WPE E&P-A and WPE E&P Partners-A.

7. Each of the foregoing entities are collectively referred to herein as the "Warburg Pincus Entities." Charles R. Kaye and Joseph P. Landy are each Managing General Partners of Warburg Pincus US and Managing Members and Co-Chief Executive Officers of Warburg Pincus and may be deemed to control the Warburg Pincus Entities.

8. By reason of the provisions of Rule 16a-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), (a) WP XI E&P GP, WP XI E&P LLC, WP Partners E&P XI LLC, WPP II US, Warburg Pincus US and Messrs. Kaye and Landy and certain affiliates may be deemed to be beneficial owners of the 5,010,009 shares of Class A common stock held collectively by Brigham Parent Holdings, and (b) WPP II US, Warburg Pincus US, Warburg Pincus and Messrs. Kaye and Landy and certain affiliates may be deemed to be beneficial owners of the 7,830,364 shares of Class B common stock and 7,830,364 Common Units held collectively by the WP Class B Owners.

9. The Warburg Pincus Entities, Messrs. Kaye and Landy and such affiliates (other than the WP Class B Owners) disclaim beneficial ownership of such shares of Class A common stock and such shares of Class B common stock and such Common Units except to the extent of their direct pecuniary interest therein. Each of the Warburg Pincus Entities is a director-by-deputization solely for purposes of Section 16 of the Exchange Act.

10. WPE E&P GP and WPE E&P LLC each indirectly holds, and therefore may be deemed to be the beneficial owner of, the 3,445,527 shares of Class B common stock and Common Units directly held by WPE Brigham Holdings, WPE Partners Brigham Holdings, WPE E&P Partners-A Brigham and WPE E&P-A Brigham.

11. WP XI E&P GP, WP XI E&P LLC, and WP Partners E&P XI LLC each indirectly holds, and therefore may be deemed to be the beneficial owner of, the 4,384,837 shares of Class B common stock and Common Units directly held by WPPE E&P XI-A Brigham, WP XI E&P Partners-A Brigham and WP Brigham Holdings.

12. WPE E&P-A indirectly holds, and therefore may be deemed to be the beneficial owner of, the 178,641 shares of Class B common stock and Common Units directly held by WPE E&P Partners-A Brigham. WP XI E&P Partners-A indirectly holds, and therefore may be deemed to be the beneficial owner of, the 281,260 shares of Class B common stock and Common Units directly held by WP XI E&P Partners-A Brigham. WPE E&P-A indirectly holds, and therefore may be deemed to be the beneficial owner of, the 2,957,800 shares of Class B common stock and Common Units directly held by WPE E&P-A Brigham. WPPE E&P XI-A indirectly holds, and therefore may be deemed to be the beneficial owner of, the 3,650,319 shares of Class B common stock and Common Units directly held by WPPE E&P XI-A Brigham.

13. At the request of the holder, each Common Unit may be coupled with a share of Class B common stock and redeemed for, at Brigham Minerals, Inc.'s (the "Issuer") election, newly-issued shares of Class A common stock on a one-for-one basis or a cash payment equal to a volume weighted average market price of one share of Class A common stock for each common unit redeemed. The Common Units do not expire.

14. Pursuant to the Reorganization Transactions (as defined in the Issuer's Registration Statement on Form S-1, as amended (File No. 333-230373) (the "Registration Statement")) as part of the Issuer's initial public offering ("IPO"), (a) the Issuer issued Class A common stock to the Reporting Person in exchange for incentive units in Brigham Equity Holdings, LLC and (b) the Reporting Person's equity ownership in Brigham Minerals Holdings, LLC was converted into newly issued common units in Brigham Minerals Holdings, LLC together with an equal number of shares of Class B common stock, in the Issuer. The shares of Class B Common Stock (i) confer no incidents of economic ownership on the holders thereof, (ii) only confer voting rights on the holders thereof and (iii) may only be issued, on a one-for-one basis, to the holders of Common Units.

Remarks:

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. Exhibit 99.1 - Joint Filers' Signatures This report is one of three reports, each on a separate Form 4, but relating to the same transaction being filed by entities affiliated with Warburg Pincus & Company US, LLC and their applicable members.

	/s/ Robert B. Knauss	04/25/2019
	** 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).
** 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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Warburg Pincus Form 4Change in insider ownership