0001567619-22-013960.txt : 20220713 0001567619-22-013960.hdr.sgml : 20220713 20220713163235 ACCESSION NUMBER: 0001567619-22-013960 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220712 FILED AS OF DATE: 20220713 DATE AS OF CHANGE: 20220713 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kalamaras Eric CENTRAL INDEX KEY: 0001472318 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38343 FILM NUMBER: 221081354 MAIL ADDRESS: STREET 1: ATLAS PIPELINE PARTNERS, GP STREET 2: 110 W. 7TH, SUITE 2300 CITY: TULSA STATE: OK ZIP: 74119 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Target Hospitality Corp. CENTRAL INDEX KEY: 0001712189 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS, ROOMING HOUSE, CAMPS & OTHER LODGING PLACES [7000] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 9320 LAKESIDE BLVD. STREET 2: SUITE 300 CITY: THE WOODLANDS STATE: TX ZIP: 77381 BUSINESS PHONE: 832 709-2563 MAIL ADDRESS: STREET 1: 9320 LAKESIDE BLVD. STREET 2: SUITE 300 CITY: THE WOODLANDS STATE: TX ZIP: 77381 FORMER COMPANY: FORMER CONFORMED NAME: Platinum Eagle Acquisition Corp. DATE OF NAME CHANGE: 20170718 4 1 doc1.xml FORM 4 X0306 4 2022-07-12 0 0001712189 Target Hospitality Corp. TH 0001472318 Kalamaras Eric 9320 LAKESIDE BLVD. SUITE 300 THE WOODLANDS TX 77381 0 1 0 0 EVP and CFO Performance-Based Restricted Stock Units 2022-07-12 4 A 0 200000 0.00 A Common Stock 200000 200000 D Each Performance-Based Restricted Stock Unit ("PSU") represents a contingent right to receive upon vesting one share of common stock of the Issuer, par value $0.0001 per share ("Common Stock"), or its cash equivalent. On July 12, 2022, the Reporting Person was granted a maximum number of 200,000 PSUs pursuant to a Performance-Based Restricted Stock Unit Agreement, by and between the Reporting Person and the Issuer, dated as of July 12, 2022 (the "PSU Agreement"). The actual number of PSUs that shall vest and become unrestricted may range from 0 to 200,000 PSUs based on criteria described in footnote 3 to this Form 4, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan"), and the PSU Agreement. The target number of PSUs reported herein vest upon the Issuer's common stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The actual number of PSUs earned are cumulative and may vary according to achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period, pursuant to the PSU Agreement and subject to the terms and conditions of the Plan. The cumulative number of PSUs earned vest and become unrestricted on June 30, 2025 or upon the occurrence of certain other events as provided in the PSU Agreement. /s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Eric T. Kalamaras 2022-07-13