4//SEC Filing
Kern Wesley E. 4
Accession 0001127602-19-035407
CIK 0000073887other
Filed
Dec 17, 7:00 PM ET
Accepted
Dec 18, 5:11 PM ET
Size
12.3 KB
Accession
0001127602-19-035407
Insider Transaction Report
Form 4
Bristow Group IncBRSWQ
Kern Wesley E.
Director
Transactions
- Award
Restricted Stock Units
2019-12-17+3,836→ 3,836 total→ Common Stock (3,836 underlying) - Award
Restricted Stock Units
2019-12-17+2,351→ 2,351 total→ Preferred Stock (2,351 underlying) - Award
Director Stock Option (Right to Buy)
2019-12-17+9,721→ 9,721 totalExercise: $36.37Exp: 2029-12-17→ Common Stock (9,721 underlying)
Footnotes (7)
- [F1]On May 11, 2019, Bristow Group Inc. (the "Company") and certain of its subsidiaries (together with the Company, the "Debtors") filed voluntary petitions (the "Chapter 11 Cases") in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the "Bankruptcy Court") seeking relief under Chapter 11 of Title 11 of the United States Code (the "Bankruptcy Code"). On August 20, 2019, the Debtors filed an Amended Joint Plan of Reorganization (as subsequently modified on August 22, 2019 and September 30, 2019, the "Plan") with the Bankruptcy Court. On October 8, 2019, the Bankruptcy Court entered into an order confirming the Plan. On October 31, 2019 (the "Effective Date"), the Plan became effective in accordance with its terms and the Debtors emerged from bankruptcy under the Chapter 11 Cases. On the Effective Date, all of the Company's previously outstanding shares of common stock, par value $0.01, including options, warrants, rights, restricted stock units or other securities or agreements to acquire such common stock, were canceled pursuant to the Plan.
- [F2]Each restricted stock unit represents a contingent right to receive one share of new common stock of the Company, as reorganized pursuant to and under the Plan, par value $0.0001 per share.
- [F3]Each restricted stock unit represents a contingent right to receive one share of new preferred stock of the Company, as reorganized pursuant to and under the Plan, par value $0.0001 per share.
- [F4]In accordance with a Management Incentive Plan adopted by the Company pursuant to the Plan (the "Management Incentive Plan"), the reporting person received an award of restricted stock units.
- [F5]The restricted stock units vest in three equal annual installments on November 1 of 2020, 2021 and 2022, subject to the reporting person's continued status as a director of the Company as of each such vesting date. The vested restricted stock units will settle on the thirtieth day following the first to occur of (i) a Change in Control (as defined in the Management Incentive Plan) of the Company and (ii) the fourth anniversary of the Effective Date.
- [F6]In accordance with the Management Incentive Plan, the reporting person received an award of stock options.
- [F7]The stock options vest and become exercisable in three equal annual installments on November 1 of 2020, 2021 and 2022, subject to the reporting person's continued status as a director of the Company as of each such vesting date.
Documents
Issuer
Bristow Group Inc
CIK 0000073887
Entity typeother
Related Parties
1- filerCIK 0001792629
Filing Metadata
- Form type
- 4
- Filed
- Dec 17, 7:00 PM ET
- Accepted
- Dec 18, 5:11 PM ET
- Size
- 12.3 KB