David Nightingale Form 4 Select Energy Services / David Nightingale 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^*

Nightingale David

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Exec. VP - Wellsite Services

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		33,681	A	(1)	33,681	D
Class A Common Stock	11/01/2017		A		52,259(2)	A	$0	85,940	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)	$23.8	11/01/2017		A		12,602		11/01/2017(3)	05/01/2022	Class A Common Stock	12,602	$0	12,602	D
Stock Options (right to buy)	$27.71	11/01/2017		A		9,020		11/01/2017(3)	07/15/2023	Class A Common Stock	9,020	$0	21,622	D
Stock Options (right to buy)	$8.97	11/01/2017		A		39,028		(4)	12/14/2025	Class A Common Stock	39,028	$0	60,650	D
Stock Options (right to buy)	$8.66	11/01/2017		A		85,777		(5)	12/10/2026	Class A Common Stock	85,777	$0	146,427	D

Explanation of Responses:

1. Received in exchange for 44,017 shares of Class A common stock, $0.01 par value per share, of Rockwater Energy Solutions, Inc. ("Rockwater") in connection with the acquisition of Rockwater by Select Energy Services, Inc.

2. These shares of restricted stock, granted as substitute awards under the Select Energy Services, Inc. 2016 Equity Incentive Plan (the "Plan"), will vest on April 10, 2018.

3. These options, granted as substitute awards under the Plan, are all exercisable.

4. These options, granted as substitute awards under the Plan, became exercisable as to 1/3 on November 1, 2017, and become exercisable to 1/3 on December 14, 2017 and 1/3 on December 14, 2018.

5. These options, granted as substitute awards under the Plan, will become exercisable to 1/3 on each of December 10, 2017, December 10, 2018, and December 10, 2019.

	/s/ David J. Nightingale 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.
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