Lakey Nigel M 4
4 · FRANK'S INTERNATIONAL N.V. · Filed Feb 20, 2020
Insider Transaction Report
Form 4
Lakey Nigel M
Pres, Tubular & Drilling Tech
Transactions
- Exercise/Conversion
Restricted Stock Unit
2020-02-19−3,920→ 18,064 total→ Common Stock (3,920 underlying) - Tax Payment
Common stock, par value Euro 0.01 per share
2020-02-19$3.63/sh−1,163$4,222→ 11,347 total - Exercise/Conversion
Common stock, par value Euro 0.01 per share
2020-02-19+3,920→ 12,510 total - Award
Restricted Stock Unit
2020-02-18+36,157→ 54,221 total→ Common Stock (36,157 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 11,760 RSUs vesting ratably in three annual installments beginning on February 19, 2020.
- [F4]Each restricted stock unit ("RSU") 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 36,157 RSUs reported on this Form 4 will vest ratably in three annual installments beginning on February 18, 2021.
- [F6]Also consists of 10,224 RSUs that will vest 50% on June 18, 2020, and 50% on June 18, 2021.