Symington John 4
4 · FRANK'S INTERNATIONAL N.V. · Filed Feb 20, 2020
Insider Transaction Report
Form 4
Symington John
SVP, GC, Sec. & CCO
Transactions
- Exercise/Conversion
Restricted Stock Unit
2020-02-19−10,116→ 16,292 total→ Common Stock (10,116 underlying) - Exercise/Conversion
Common stock, par value Euro 0.01 per share
2020-02-19+10,116→ 16,292 total - Tax Payment
Common stock, par value Euro 0.01 per share
2020-02-19$3.60/sh−3,000$10,800→ 13,292 total - Award
Restricted Stock Unit
2020-02-18+51,653→ 67,945 total→ Common Stock (51,653 underlying)
Footnotes (6)
- [F1]Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- [F2]In connection with the vesting of shares of RSUs pursuant to the Frank's International N.V. 2013 Long-Term Incentive Plan, Frank's International N.V. (the "Issuer") withheld vested shares to satisfy tax withholding obligations. The number of vested shares withheld was based on the closing price per share on February 18, 2019. The withholding of vested shares pursuant to this award was approved by the Board of Supervisory Directors of the Issuer, and the number of shares indicated in this Form 4 was acquired as treasury stock by the Issuer.
- [F3]On February 19, 2019, the reporting person was granted 30,349 RSUs vesting ratably in three annual installments beginning on February 19, 2020.
- [F4]Each restricted stock unit ("RSUs") represents a contingent right to receive, upon vesting, one share of common stock, par value Euro 0.01 per share, of Frank's International N.V.
- [F5]The 51,653 RSUs reported on this Form 4 will vest ratably in three annual installments beginning on February 18, 2021.
- [F6]Also consists of 16,332 RSUs that will vest 50% on June 25, 2020, and 50% on June 25, 2021.