SUPERIOR ENERGY SERVICES INC 4
4 · SUPERIOR ENERGY SERVICES INC · Filed Feb 27, 2015
Insider Transaction Report
Form 4
Cook Lynton G III
Executive Vice President
Transactions
- Exercise/Conversion
Common Stock
2015-02-25$17.46/sh+28,029$489,386→ 102,932 total - Sale
Common Stock
2015-02-25$22.18/sh−28,029$621,596→ 74,903 total - Award
Common Stock
2015-02-26+10,215→ 85,118 total - Exercise/Conversion
Options (right to buy)
2015-02-25−28,029→ 0 totalExercise: $17.46From: 2005-12-31Exp: 2015-06-24→ Common Stock (28,029 underlying)
Footnotes (3)
- [F1]The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of 22.15 - 22.21. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F2]Represents the number of shares of common stock issuable with respect to the 2014 portion of the performance share awards originally granted to the Reporting Person on February 12, 2014. Effective February 26, 2015, the Compensation Committee of the Issuer's Board of Directors certified the level of 2014 free cash flow, the applicable performance metric, and these performance share awards converted to time-vested RSUs. These RSUs will vest and payout in 2016.
- [F3]Includes 4,159 shares of common stock purchased through the company's employee stock purchase plan as of 12/31/14.