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Form 3 C&J Energy Services Ltd. For: Oct 06 Filed by: Wallace Tim

October 11, 2016 2:48 PM EDT
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 *
Wallace Tim

(Last) (First) (Middle)
3990 ROGERDALE ROAD

(Street)
HOUSTON TX 77042

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
10/06/2016
3. Issuer Name and Ticker or Trading Symbol
C&J Energy Services Ltd. [ CJES ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
See Remarks
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)
Common Stock 18,621
D
 
Common Stock 23,370 (1)
D (1)
 
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
Explanation of Responses:
1. These shares of restricted stock, previously granted under the C&J Energy Services Ltd. 2015 Long-Term Incentive Plan, are not yet vested and remain subject to a three-year time-based vesting schedule that is contingent upon continued employment.
Remarks:
President - Drilling & Completion Services

Exhibit List:

Exhibit 24 - Power of Attorney
/s/Danielle Hunter, as attorney in fact 10/11/2016
** 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 4 (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.
                               POWER OF ATTORNEY
       For Executing Forms 3, 4 and 5, Form 144 and Schedules 13D and 13G

      Known by all these present, that the undersigned hereby constitutes and
appoints Danielle E. Hunter with full power of substitution, the undersigned's
true and lawful attorney-in-fact to:

(1)   execute for and on behalf of the undersigned (a) Forms 3, 4 and 5
      (including amendments thereto) in accordance with Section 16(a) of the
      Securities Exchange Act of 1934 and the rules thereunder, (b) Form 144 and
      (c) Schedules 13D and 13G (including amendments thereto) in accordance
      with Sections 13(d) and 13(g) of the Securities Exchange Act of 1934 and
      the rules thereunder, but only to the extent each such form or schedule
      relates to the undersigned's beneficial ownership of securities of C&J
      Energy Services Ltd. or any of its subsidiaries;

(2)   do and perform any and all acts for and on behalf of the undersigned that
      may be necessary or desirable to complete and execute any such Form 3, 4
      or 5, Form 144 or Schedule 13D or 13G (including amendments thereto) and
      timely file such Forms or Schedules with the Securities and Exchange
      Commission and any stock exchange, self- regulatory association or any
      other authority, and provide a copy as required by law or advisable to
      such persons as the attorney-in-fact deems appropriate; and

(3)   take any other action of any type whatsoever in connection with the
      foregoing that, in the opinion of such attorney-in-fact, may be of benefit
      to, in the best interest of, or legally required of the undersigned, it
      being understood that the documents executed by the attorney-in-fact on
      behalf of the undersigned pursuant to this Power of Attorney shall be in
      such form and shall contain such terms and conditions as the
      attorney-in- fact may approve in the attorney-in-fact's discretion.

      The undersigned hereby grants to such attorney-in-fact full power and
authority to do and perform all and every act and thing whatsoever requisite,
necessary or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that the attorney-in-fact, or the
attorney- in-facts substitutes or substitute, shall lawfully do or cause to be
done by virtue of this Power of Attorney and the rights and powers herein
granted. The undersigned acknowledges that the foregoing attorney-in-fact, and
their substitutes, in serving in such capacity at the request of the
undersigned, are not assuming (nor is C&J Energy Services Ltd. assuming) any of
the undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934.

      The undersigned agrees that such attorney-in-fact may rely entirely on
information furnished orally or in writing by or at the direction of the
undersigned to the attorney-in-fact. The undersigned also agrees to indemnify
and hold harmless C&J Energy Services Ltd. and such attorney-in-fact against any
losses, claims, damages or liabilities (or actions in these respects) that arise
out of or are based upon any untrue statements or omissions of necessary facts
in the information provided by or at the direction of the undersigned, or upon
the lack of timeliness in the delivery of information by or at the direction of
the undersigned, to such attorney-in-fact for purposes of executing,
acknowledging, delivering or filing Forms 3, 4 or 5, Form 144 or Schedule 13D or
13G (including amendments thereto) and agrees to reimburse C&J Energy Services
Ltd. and such attorney-in-fact on demand for any legal or other expenses
reasonably incurred in connection with investigating or defending against any
such loss, claim, damage, liability or action.

      This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4 and 5, Form 144 and
Schedules 13D and 13G (including amendments thereto) with respect to the
undersigned's holdings of and transactions in securities issued by C&J Energy
Services Ltd., unless earlier revoked by the undersigned in a signed writing
delivered to the foregoing attorneys-in-fact. This Power of Attorney revokes all
other powers of attorney that the undersigned has previously granted concerning
the matters described herein.

       IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to
be executed as of the date written below.



       TIMOTHY WALLACE

       Signed:/s/ Timothy Wallace
              ---------------------------------

       Date:  10/9/16
              ---------------------------------






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