Seyman Michael 4
4 · Superior Well Services, INC · Filed Jan 21, 2010
Insider Transaction Report
Form 4
Seyman Michael
Vice President of Operations
Transactions
- Award
Common Stock
2010-01-20$1.00/sh+7,500$7,500→ 22,802 total
Holdings
- 1,594.013(indirect: By 401(k))
Common Stock
Footnotes (2)
- [F1]These restricted shares were granted under the Superior Well Services, Inc.'s Restricted Stock Agreement for Executives with Employment Agreements. These restricted shares are subject to forfeiture restrictions based on the Reporting Person's remaining an employee of the Issuer. If the Reporting Person remains an employee of the Issuer for less than one year, the forfeiture restrictions do not lapse with respect to any of the shares. After one year's service, the forfieture restrictions lapse with respect to 15% of the shares, 30% after 2 years, 45% after 3 years, 60% after 4 years and 100% after 5 or more years.
- [F2]As of December 18, 2009, the reporting person has acquired 1594.0132 shares of Superior Well Services, Inc. common stock under the Superior Well Services, Inc. 401k plan.