Smith Barry Michael 4
4 · ATWOOD OCEANICS INC · Filed Oct 10, 2017
Insider Transaction Report
Form 4
Smith Barry Michael
Vice President - Technical Ser
Transactions
- Disposition to Issuer
Atwood Oceanics, Inc. Common Stock
2017-10-06−28,128→ 0 total - Disposition to Issuer
Performance-Based Restricted Stock Units
2017-10-06−73,180→ 0 total→ Atwood Oceanics, Inc. Common Stock (73,180 underlying) - Disposition to Issuer
Restricted Stock Units
2017-10-06−118,636→ 0 total→ Atwood Oceanics, Inc. Common Stock (118,636 underlying)
Footnotes (3)
- [F1]On May 29, 2017, the Issuer entered into an Agreement and Plan of Merger with Ensco PLC ("Parent") and Echo Merger Sub LLC (the "Merger Agreement"). Pursuant to the Merger Agreement, on October 6, 2017, these shares were cancelled and converted into the right to receive 45,004 class A ordinary shares of Parent and a cash payment for fractional shares pursuant to the Merger Agreement.
- [F2]Pursuant to the Merger Agreement, these Performance-Based Restricted Stock Units were canceled and converted into the right to receive 181,859 class A ordinary shares of Parent and a cash payment for fractional shares pursuant to the Merger Agreement. The actual number of class A ordinary shares of Parent issued to the reporting person was reduced by an amount necessary to satisfy applicable tax withholding obligations.
- [F3]Pursuant to the Merger Agreement, these Restricted Stock Units were canceled and converted into the right to receive 189,817 class A ordinary shares of Parent and a cash payment for fractional shares pursuant to the Merger Agreement. The actual number of class A ordinary shares of Parent issued to the reporting person was reduced by an amount necessary to satisfy applicable tax withholding obligations.