LAYNE CHRISTENSEN CO 4
4 · LAYNE CHRISTENSEN CO · Filed Jul 22, 2015
Insider Transaction Report
Form 4
ANDERSON J MICHAEL
CFO and Senior Vice President
Transactions
- Award
Employee Stock Option (Right to Buy)
2015-07-20+10,000→ 10,000 totalExercise: $8.60From: 2018-07-20Exp: 2025-07-20→ Common Stock (10,000 underlying) - Award
Restricted Stock Units
2015-07-20+61,728→ 61,728 total→ Common Stock (61,728 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Layne common stock.
- [F2]The restricted stock units will vest in 25% increments upon the achievement of a price of $9.37, $10.40, $13 and $15 for Layne common stock. For vesting to occur, the stock price must remain at or above the specified price for at least ten consecutive trading days during the three-year period beginning on July 20, 2015 and ending on July 20, 2018. Mr. Anderson must also remain employed by Layne during the three-year period.