SEC FORM 3

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^*

DAY ROBERT

(Last)

(First)

(Middle)

C/O OAKMONT CORPORATION

865 SOUTH FIGUEROA STREET SUITE 700

(Street)

LOS ANGELES

90017

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/17/2018

3. Issuer Name and Ticker or Trading Symbol
Liberty Oilfield Services Inc. [ LBRT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Member of 10% owner group

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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	466,711	I	See Footnotes⁽¹⁾⁽²⁾
Class A Common Stock	1,458,116	I	See Footnotes⁽¹⁾⁽³⁾
Class B Common Stock	3,317,126	I	See Footnotes⁽¹⁾⁽²⁾
Class B Common Stock	10,363,489	I	See Footnotes⁽¹⁾⁽³⁾

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
LLC Units⁽⁴⁾	⁽⁵⁾	⁽⁵⁾	Class A Common Stock	3,317,126⁽⁶⁾	⁽⁵⁾	I	See Footnotes⁽¹⁾⁽²⁾
LLC Units⁽⁴⁾	⁽⁵⁾	⁽⁵⁾	Class A Common Stock	10,363,489⁽⁶⁾	⁽⁵⁾	I	See Footnotes⁽¹⁾⁽³⁾

1. Name and Address of Reporting Person^*

DAY ROBERT

(Last)

(First)

(Middle)

C/O OAKMONT CORPORATION

865 SOUTH FIGUEROA STREET SUITE 700

(Street)

LOS ANGELES

90017

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Member of 10% owner group

1. Name and Address of Reporting Person^*

OAKMONT CORP

(Last)

(First)

(Middle)

865 SOUTH FIGUEROA STREET, SUITE 700

(Street)

LOS ANGELES

90017

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Member of 10% owner group

1. Name and Address of Reporting Person^*

LAUREL ROAD LLC

(Last)

(First)

(Middle)

C/O OAKMONT CORPORATION

865 SOUTH FIGUEROA STREET, SUITE 700

(Street)

LOS ANGELES

90017

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Member of 10% owner group

1. Name and Address of Reporting Person^*

LAUREL ROAD II, LLC

(Last)

(First)

(Middle)

C/O OAKMONT CORPORATION

865 SOUTH FIGUEROA STREET, SUITE 700

(Street)

LOS ANGELES

90017

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Member of 10% owner group

Explanation of Responses:

1. By reason of the provisions of Rule 16a-1 of the Securities Exchange Act of 1934, as amended, each of Robert Day, the sole shareholder of Oakmont Corporation ("Oakmont"), and Oakmont, which is a member and the administrator of each of Laurel Road, LLC ("Laurel 1") and Laurel Road II, LLC ("Laurel 2"), may be deemed to have an indirect pecuniary interest in the securities held directly by Laurel 1 and Laurel 2. In accordance with Instruction 5(b)(iv), the entire amount of the securities held by each of Laurel 1 and Laurel 2 are reported herein. Each reporting person disclaims beneficial ownership of any securities that are not directly owned by such reporting person, except to the extent of their indirect pecuniary interest therein. This report shall not be deemed an admission that such reporting person is a member of a group or the beneficial owner of any securities not directly owned by such reporting person.

2. Shares held directly by Laurel 1.

3. Shares held directly by Laurel 2.

4. "Units" means ownership interests in Liberty Oilfield Services New HoldCo LLC ("Liberty LLC"). Liberty Oilfield Services Inc. (the "Issuer") is the sole managing member of Liberty LLC.

5. The limited liability company agreement of Liberty LLC provides certain holders of Units with certain rights to cause Liberty LLC to acquire all or a portion of the Units (the "Redemption Right") for, at Liberty LLC's election, (a) shares of Class A Common Stock at a redemption ratio of one share of Class A Common Stock for each Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions, or (b) an equivalent amount of cash based on the 30-day volume weighted average price of Class A Common Stock ending on the trading day that is immediately prior to the date that the Redemption Right is exercised. The Units and the right to exercise the Redemption Right have no expiration date.

6. Such reporting person holds a number of shares of Class B Common Stock of the Issuer equal to the number of Units held by such reporting person.

Remarks:

	/s/ Peter Carlton, by Power of Attorney	01/26/2018
	** 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.
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