Myers Gregory D 4
4 · UNION DRILLING INC · Filed Dec 5, 2011
Insider Transaction Report
Form 4
Myers Gregory D
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2011-12-03+5,353→ 5,353 total - Gift
Common Stock
2011-12-05+5,353→ 5,353 total(indirect: By corporate brokerage account) - Award
Restricted Stock Units
2011-12-01+7,042→ 38,969 total→ Common Stock (7,042 underlying) - Exercise/Conversion
Restricted Stock Units
2011-12-03−5,353→ 33,616 total→ Common Stock (5,353 underlying) - Gift
Common Stock
2011-12-05−5,353→ 0 total
Footnotes (4)
- [F1]The reporting person is a managing director of Metalmark Capital Holdings LLC; the shares were transferred to, and are held in, a corporate brokerage account of an affiliated entity, Metalmark Management LLC.
- [F2]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 (12/01/011 closing price).
- [F3]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.
- [F4]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.