Form: 3

Initial statement of beneficial ownership of securities

November 3, 2017

Documents

SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES


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*
Ladhani Holli C.
(Last) (First) (Middle)
1820 NORTH I-35, P.O. BOX 1715
(Street)
GAINESVILLE TX 76241
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
11/01/2017 		3. Issuer Name and Ticker or Trading Symbol
Select Energy Services, Inc. [ WTTR ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
 5. 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 Beneficially Owned
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)
Class A Common Stock 34,849(1) D
Class A Common Stock 54,411(2) I By Holli Ladhani RES, LLC(3)
Class A Common Stock 54,404(4) I By Shaheen Ladhani RES, LLC(5)
Class A Common Stock 46,819(6) D
Class A Common Stock 41,573(7) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: 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
Stock Options (right to buy) 11/01/2017(8) 03/14/2021 Class A Common Stock 17,984 13.99 D
Stock Options (right to buy) 11/01/2017(8) 03/14/2021 Class A Common Stock 7,391 14.03 D
Stock Options (right to buy) 11/01/2017(8) 03/14/2021 Class A Common Stock 18,327 12.77 D
Stock Options (right to buy) 11/01/2017(8) 03/14/2021 Class A Common Stock 27,076 15.6 D
Stock Options (right to buy) (9) 12/14/2025 Class A Common Stock 55,754 8.97 D
Stock Options (right to buy) (10) 12/10/2026 Class A Common Stock 142,962 8.66 D
Explanation of Responses:
1. Received in exchange for 45,543 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 (the "Merger").
2. Received in exchange for 71,107 shares of Rockwater Class A Common Stock in connection with the Merger.
3. Represents 54,411 shares of Class A common stock held by Holli Ladhani RES, LLC, of which Ms. Ladhani is the sole member.
4. Received in exchange for 71,098 shares of Rockwater Class A Common Stock in connection with the Merger.
5. Represents 54,404 shares of Class A common stock held by Shaheen Ladhani RES, LLC, of which the spouse of Ms. Ladhani is the sole member.
6. These shares of restricted stock, granted as substitute awards under the Select Energy Services, Inc. 2016 Equity Incentive Plan (the "Plan"), will vest on September 16, 2018.
7. These shares of restricted stock, granted as substitute awards under the Plan, will vest 1/2 on June 5, 2018 and 1/2 on June 5, 2019.
8. These options, granted as substitute awards under the Plan, are all exercisable.
9. These options, granted as substitute awards under the Plan, became exercisable as to 1/3 on November 1, 2017, and become exercisable as to 1/3 on each of December 14, 2017 and December 14, 2018.
10. These options, granted as substitute awards under the Plan, will become exercisable as to 1/3 on each of December 10, 2017, December 10, 2018, and December 10, 2019.
Remarks:
See attached for Exhibit 24 - Power of Attorney.
/s/ Holli Ladhani 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 5 (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.