JOHNSRUD MARK D 4
4 · Nuverra Environmental Solutions, Inc. · Filed Mar 6, 2018
Insider Transaction Report
Form 4
JOHNSRUD MARK D
DirectorCEO, Vice-Chairman10% Owner
Transactions
- Exercise/Conversion
Common Stock
2018-03-02+354,412→ 531,618 total - Exercise/Conversion
Restricted Stock Units
2018-03-02−354,412→ 0 total→ Common Stock (354,412 underlying)
Footnotes (2)
- [F1]Restricted stock units convert to Nuverra Environmental Solutions, Inc. common stock on a one-for-one basis. Represents the conversion of restricted stock units to common stock on March 2, 2018.
- [F2]On February 23, 2018, the reporting person was granted 531,618 restricted stock units, which vest in three equal installments on February 23, 2018, August 7, 2018, and August 7, 2019. The first installment vested on February 23, 2018, the date of grant, and was converted into common stock on a one-for-one basis. On and effective as of March 2, 2018 (the "Separation Date"), the reporting person left the issuer and, pursuant to a Separation Agreement and Mutual Release entered into between the reporting person and the issuer, the second and third installments vested on the Separation Date and were converted into common stock on a one-for-one basis.