Laurel Road Form 4 Liberty Oilfield Services / ROBERT DAY 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

OMB APPROVAL

OMB Number:	3235-0287
Estimated average burden
hours per response:	0.5

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^*

DAY ROBERT

(Last) (First) (Middle)

C/O OAKMONT CORPORATION

865 SOUTH FIGUEROA STREET, SUITE 700

(Street)

LOS ANGELES, CA 90017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Liberty Oilfield Services Inc. [ LBRT ]

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

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
Member of 10% owner group

3. Date of Earliest Transaction (Month/Day/Year)
10/04/2018

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	10/04/2018		J(1)		727,407	A	$0.00	1,194,118	I	See Footnotes(2)(3)
Class A Common Stock	10/04/2018		J(1)		2,272,593	A	$0.00	3,730,709	I	See Footnotes(2)(4)
Class A Common Stock	10/04/2018		S		727,407	D	$21	466,711	I	See Footnotes(2)(3)
Class A Common Stock	10/04/2018		S		2,272,593	D	$21	1,458,116	I	See Footnotes(2)(4)
Class B Common Stock	10/04/2018		J(1)		727,407	D	$0.00	2,589,719	I	See Footnotes(2)(3)
Class B Common Stock	10/04/2018		J(1)		2,272,593	D	$0.00	8,090,896	I	See Footnotes(2)(4)

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
LLC Units	(1)	10/04/2018		J(1)			727,407	(1)	(1)	Class A Common Stock	727,407	(1)	2,589,719	I	See Footnotes(2)(3)
LLC Units	(1)	10/04/2018		J(1)			2,272,593	(1)	(1)	Class A Common Stock	2,272,593	(1)	8,090,896	I	See Footnotes(2)(4)

1. Name and Address of Reporting Person^*

DAY ROBERT

(Last) (First) (Middle)

C/O OAKMONT CORPORATION

865 SOUTH FIGUEROA STREET, SUITE 700

(Street)

LOS ANGELES, CA 90017

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

OAKMONT CORP

(Last) (First) (Middle)

865 SOUTH FIGUEROA STREET

SUITE 700

(Street)

LOS ANGELES CA 90017

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

LAUREL ROAD LLC

(Last) (First) (Middle)

C/O OAKMONT CORPORATION

865 SOUTH FIGUEROA STREET, SUITE 700

(Street)

LOS ANGELES CA 90017

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

LAUREL ROAD II, LLC

(Last) (First) (Middle)

C/O OAKMONT CORPORATION

865 SOUTH FIGUEROA STREET, SUITE 700

(Street)

LOS ANGELES CA 90017

(City) (State) (Zip)

Explanation of Responses:

1. Pursuant to the terms of the limited liability company agreement of Liberty Oilfield Services New HoldCo LLC ("Liberty LLC"), Liberty LLC redeemed "LLC Units," which represent an ownership interest in Liberty LLC, and an equal number of Class B common stock (the "Class B Common Stock") of Liberty Oilfield Services Inc. (the "Issuer") in exchange for shares of Class A common stock of the Issuer (the "Class A Common Stock") on a one-for-one basis.

2. By reason of the provisions of Rule 16a-1 of the Securities Exchange Act of 1934, as amended, each of Robert Day, the sole shareholder of Oakmont Corporation ("Oakmont"), and Oakmont, which is a member and the administrator of each of Laurel Road, LLC ("Laurel 1") and Laurel Road II, LLC ("Laurel 2"), may be deemed to have an indirect pecuniary interest in the securities held directly by Laurel 1 and Laurel 2. In accordance with Instruction 4(b)(iv), the entire amount of the securities held by each of Laurel 1 and Laurel 2 are reported herein. Each reporting person disclaims beneficial ownership of any securities that are not directly owned by such reporting person, except to the extent of their indirect pecuniary interest therein. This report shall not be deemed an admission that such reporting person is a member of a group or the beneficial owner of any securities not directly owned by such reporting person.

3. Shares held directly by Laurel 1.

4. Shares held directly by Laurel 2.

Remarks:

	/s/ Robert Miller, by Power of Attorney	10/09/2018
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.