Form Type: 4

SEC EDGAR Link
Accession Number:0001567619-20-011024
Date:2020-05-20
Issuer: TARGET HOSPITALITY CORP. (TH)
Original Submission Date:

Reporting Person:

LINDSAY GARY
2170 BUCKTHORNE PLACE
SUITE 440 THE WOODLANDS, TX 77380

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 2020-05-20 deemed execution date A 56,180 (a) common stock 56,180 $0.00 56,180 direct
RESTRICTED STOCK UNITS 0.0 2020-05-20 deemed execution date J 56,180 (d) common stock 56,180 $0.00 0 direct
Footnotes
IDfootnote
f1 each restricted stock unit 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.
f2 on may 20, 2020, the reporting person was granted 56,180 restricted stock units which vest in full on the first anniversary of the grant date or, if earlier, the date of the first annual meeting of the stockholders of the issuer following the grant date, subject to the terms and conditions of the previously disclosed target hospitality corp. 2019 incentive award plan and the award agreement. subject to certain exceptions, vested shares will be delivered upon separation of service from the board of directors of the issuer.
f3 immediately following the grant of the restricted stock units, mr. lindsay transferred the restricted stock units to arrow holdings s.a r.l ("arrow"), which holds certain securities of target hospitality corp. on behalf of tdr capital ii holdings lp, the investment fund managed by tdr capital llp. upon transfer to arrow, the restricted stock units will vest in accordance with the same terms and conditions of the initial grant.
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