SEC FORM 4/A

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^*

Ladhani Holli C.

(Last)

(First)

(Middle)

515 POST OAK BLVD., STE. 200

(Street)

HOUSTON

77027

(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
X	Officer (give title below)	Other (specify below)
	President and CEO

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

4. If Amendment, Date of Original Filed (Month/Day/Year)
11/01/2017

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)
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	11/01/2017		A		14,062	A⁽¹⁾	⁽²⁾	102,454	D
Class A Common Stock	11/01/2017		A		39,582	A⁽¹⁾	⁽³⁾	39,582	I	See footnote⁽⁴⁾
Class A Common Stock	11/01/2017		A		39,582	A⁽¹⁾	⁽³⁾	39,582	I	See footnote⁽⁵⁾
Class A Common Stock	11/01/2017		A		50,436	A⁽¹⁾	⁽⁶⁾	50,436	I	See footnote⁽⁷⁾

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)
Stock Options (right to buy)	$13.99	11/01/2017		A⁽¹⁾		17,984		11/01/2017⁽⁸⁾	03/14/2021	Class A Common Stock	17,984	$0	17,984	I	See footnote⁽⁹⁾
Stock Options (right to buy)	$14.03	11/01/2017		A⁽¹⁾		7,391		11/01/2017⁽⁸⁾	03/14/2021	Class A Common Stock	7,391	$0	7,391	I	See footnote⁽⁹⁾
Stock Options (right to buy)	$12.77	11/01/2017		A⁽¹⁾		18,327		11/01/2017⁽⁸⁾	03/14/2021	Class A Common Stock	18,327	$0	18,327	I	See footnote⁽⁹⁾
Stock Options (right to buy)	$15.6	11/01/2017		A⁽¹⁾		27,076		11/01/2017⁽⁸⁾	03/14/2021	Class A Common Stock	27,076	$0	27,076	I	See footnote⁽⁹⁾
Stock Options (right to buy)	$13.99	11/01/2017		A⁽¹⁾		17,984		11/01/2017⁽⁸⁾	03/14/2021	Class A Common Stock	17,984	$0	17,984	I	See footnote⁽¹⁰⁾
Stock Options (right to buy)	$14.03	11/01/2017		A⁽¹⁾		7,391		11/01/2017⁽⁸⁾	03/14/2021	Class A Common Stock	7,391	$0	7,391	I	See footnote⁽¹⁰⁾
Stock Options (right to buy)	$12.77	11/01/2017		A⁽¹⁾		18,327		11/01/2017⁽⁸⁾	03/14/2021	Class A Common Stock	18,327	$0	18,327	I	See footnote⁽¹⁰⁾
Stock Options (right to buy)	$15.6	11/01/2017		A⁽¹⁾		27,069		11/01/2017⁽⁸⁾	03/14/2021	Class A Common Stock	27,069	$0	27,069	I	See footnote⁽¹⁰⁾

Explanation of Responses:

1. This amendment is being filed to correct the amount of Class A common stock and stock options directly and indirectly held by the reporting person and also to include stock options that were omitted from the reporting person's original Form 4.

2. Received in exchange for 18,377 shares of Class A common stock, $0.01 par value per share ("Rockwater Class A Common Stock"), of Rockwater Energy Solutions, Inc. ("Rockwater") in connection with the acquisition of Rockwater by Select Energy Services, Inc. (the "Merger").

3. Received in exchange for 51,728 shares of Rockwater Class A Common Stock in connection with the Merger.

4. Represents shares of Class A common stock held by Holli Ladhani RES, LLC, of which Ms. Ladhani is the sole member.

5. Represents shares of Class A common stock held by Shaheen Ladhani RES, LLC, of which the spouse of Ms. Ladhani is the sole member.

6. Received in exchange for 65,913 shares of Rockwater Class A Common Stock in connection with the Merger.

7. Represents shares of Class A common stock held by Shaheen Ladhani RES No. 1, LLC, of which the spouse of Ms. Ladhani is the sole member.

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

9. These options are held by Holli Ladhani RES, LLC, of which Ms. Ladhani is the sole member.

10. These options are held by Shaheen Ladhani RES, LLC, of which the spouse of Ms. Ladhani is the sole member.

	/s/ Holli C. Ladhani by Adam Law, as Attorney-in-Fact	02/08/2018
	** 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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