Harrell Ronald 4
4 · UNION DRILLING INC · Filed Dec 5, 2011
Insider Transaction Report
Form 4
Harrell Ronald
Director
Transactions
- Exercise/Conversion
Common Stock
2011-12-03+5,353→ 5,353 total - Exercise/Conversion
Restricted Stock Units
2011-12-03−5,353→ 41,116 total→ Common Stock (5,353 underlying) - Award
Restricted Stock Units
2011-12-01+7,042→ 46,469 total→ Common Stock (7,042 underlying)
Footnotes (3)
- [F1]Each RSU represents a contingent right to receive one share of Union Drilling, Inc. ("UDI") common stock; award date value of common stock was $7.10 per share (12/01/11 closing price).
- [F2]Absent an earlier forfeiture or acceleration, the RSUs will vest based upon the reporting person's continued service as a director over a three year period.
- [F3]Each RSU represented a contingent right to receive one share of UDI common stock. On 12/03/11, 5,353 RSUs of the reporting person's 12/03/08 RSU award were settled for an equal number of shares of UDI common stock.