CORE LABORATORIES N V 4
4 · CORE LABORATORIES N V · Filed Feb 16, 2016
Insider Transaction Report
Form 4
BERGMARK RICHARD L
DirectorEVP, CFO & Treasurer
Transactions
- Award
Restricted Performance Shares
2016-02-16+21,260→ 21,260 totalExercise: $0.00→ Common Shares (21,260 underlying)
Footnotes (1)
- [F1]Assuming a recipient's continued employment (or death or disability while employed) and the satisfaction of certain performance goals is achieved, these awards would vest at the end of a three-year performance period that begins on January 1, 2016 and ends on December 31, 2018 (the "Performance Period"). 80% of the restricted performance shares will vest only upon the Company's return on invested capital being in the top decile of the Company's peers as published by Bloomberg upon the close of the NYSE market on the last day of the Performance Period. The remaining 20% of the restricted performance shares will vest only upon the Company's return on invested capital being the highest among the Company's peers as published by Bloomberg upon the close of the NYSE market on the last day of the Performance Period. For any criterion that is not met, then the respective shares applicable to that criterion shall not vest and shall be forfeited.