4//SEC Filing
ANDERSON J MICHAEL 4
Accession 0001014108-18-000083
CIK 0000888504other
Filed
Apr 12, 8:00 PM ET
Accepted
Apr 13, 5:13 PM ET
Size
8.3 KB
Accession
0001014108-18-000083
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.
Documents
Issuer
LAYNE CHRISTENSEN CO
CIK 0000888504
Entity typeother
Related Parties
1- filerCIK 0001225662
Filing Metadata
- Form type
- 4
- Filed
- Apr 12, 8:00 PM ET
- Accepted
- Apr 13, 5:13 PM ET
- Size
- 8.3 KB