Pure Acquisition Form 4 / Michael L. Hollis ownership change

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^*

Hollis Michael L.

(Last)

(First)

(Middle)

421 W. 3RD STREET, SUITE 1000

(Street)

FORT WORTH

76102

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Pure Acquisition Corp. [ PACQ ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2020

4. 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 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)
Pure Acquisition Corp.	07/01/2020		P		500	A	$10.55	500	D
Pure Acquisition Corp.	07/06/2020		G⁽³⁾		100	A	$10.56	600	I	By son
Pure Acquisition Corp.	07/06/2020		G⁽³⁾		100	A	$10.56	700	I	By son
Pure Acquisition Corp.	07/08/2020		P		1,500	A	$10.54⁽¹⁾	2,200	D
Pure Acquisition Corp.	07/27/2020		P		1,885	A	$10.69⁽²⁾	4,085	D
Pure Acquisition Corp.	07/28/2020		P		1,115	A	$10.63	5,200	D

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)
Pure Acquisition Corp. Warrant	$11.5	07/01/2020		P		2,500		⁽⁴⁾	⁽⁴⁾	Class A Common Stock	2,500	$1.21	2,500	D
Pure Acquisition Corp. Warrant	$11.5	07/08/2020		P		499		⁽⁴⁾	⁽⁴⁾	Class A Common Stock	499	$1.35	2,999	D
Pure Acquisition Corp. Warrant	$11.5	07/09/2020		P		381		⁽⁴⁾	⁽⁴⁾	Class A Common Stock	381	$1.26	3,380	D
Pure Acquisition Corp. Warrant	$11.5	07/21/2020		P		200		⁽⁴⁾	⁽⁴⁾	Class A Common Stock	200	$1.41	3,580	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.51 to $10.55, inclusive.

2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.67 to $10.73, inclusive.

3. This transaction involved gifts of securities by the reporting person to his daughter and son, who share reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his daughter and son, and this report should not be deemed an admission that the reporting person is the beneficial owner of his daughter's or son's shares for purposes of Section 16 or for any other purpose.

4. The Warrants may be exercised during the period (a) commencing thirty (30) days after the completion of the issuer's initial business combination and (b) expiring on the fifth anniversary of the issuer's initial business combination, or earlier upon redemption or liquidation.

	/s/ Steven W. Tholen	08/05/2020
	** 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.

Pure Acquisition Form 4Pure Acquisition / Michael L. Hollis ownership change