ANDERSON J MICHAEL 4
4 · LAYNE CHRISTENSEN CO · Filed Apr 13, 2018
Insider Transaction Report
Form 4
ANDERSON J MICHAEL
CFO and Senior Vice President
Transactions
- Award
Restricted Stock Units
2017-04-03+59,881→ 59,881 total→ Common Stock (59,881 underlying) - Award
Restricted Stock Units
2016-04-01+48,511→ 48,511 total→ Common Stock (48,511 underlying)
Footnotes (3)
- [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 one-third increments upon the achievement of a price of $10.56, $12.32 and $14.08 for Layne common stock. For vesting to occur, the stock price must remain at or above the specified price for at least thirty (30) consecutive trading days during the three-year period beginning on April 1, 2016, and ending on April 1, 2019. Mr. Anderson must also remain employed by Layne during the three-year period.
- [F3]The restricted stock units will vest in one-third increments upon the achievement of a price of $11.19, $12.81 and $14.59 for Layne common stock. For vesting to occur, the stock price must remain at or above the specified price for at least thirty (30) consecutive trading days during the three-year period beginning on April 3, 2017, and ending on April 3, 2020. Mr. Anderson must also remain employed by Layne during the three-year period.