C&J Energy Services, Inc. 4
4 · C&J Energy Services, Inc. · Filed Feb 7, 2017
Insider Transaction Report
Form 4
Gawick Donald Jeffrey
Chief Operating Officer
Transactions
- Award
Common Stock
2017-02-05+145,406→ 145,406 total - Tax Payment
Common Stock
2017-02-05$42.65/sh−20,739$884,518→ 124,667 total - Award
Non-qualified Stock Option
2017-02-05+100,642→ 100,642 totalExercise: $42.65Exp: 2027-02-05→ Common Stock (100,642 underlying)
Footnotes (3)
- [F1]These shares of restricted stock, granted under the C&J Energy Services, Inc. 2017 Management Incentive Plan, are subject to a time-based vesting schedule that is contingent on continued employment such that: (i) 34% of the shares vest immediately on the date of grant, (ii) 22% of the shares vest on the first anniversary of the date of grant, (iii) 22% of the shares vest on the second anniversary of the date of grant and (iv) 22% of the shares vest on the third anniversary of the date of grant.
- [F2]Represents shares that were withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of restricted stock. The value of such shares is based on a reasonable valuation determination made by the Issuer that takes into account recent trades involving the Issuer's common stock.
- [F3]These options, granted under the C&J Energy Services, Inc. 2017 Management Incentive Plan, are subject to a time-based vesting schedule that is contingent on continued employment such that: (i) 34% of the options vest and become exercisable immediately on the date of grant, (ii) 22% of the options vest and become exercisable on the first anniversary of the date of grant, (iii) 22% of the options vest and become exercisable on the second anniversary of the date of grant and (iv) 22% of the options vest and become exercisable on the third anniversary of the date of grant, in each case, subject to the earlier expiration of the options.