Linaberger Jacob B 4
4 · Superior Well Services, INC · Filed Jan 21, 2010
Insider Transaction Report
Form 4
Linaberger Jacob B
President
Transactions
- Award
Common Stock
2010-01-20$1.00/sh+7,500$7,500→ 1,042,688 total
Holdings
- 5,000(indirect: See footnote 2)
Common Stock
- 2,500(indirect: See footnote 3)
Common Stock
Footnotes (3)
- [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]The reported securities are indirectly owned by Jacob B. Linaberger through his wife, Filomena Linaberger, which directly owns the 5,000 shares. Mr. Linaberger may be deemed to have voting and dispositive power over the shares directly owned by his wife. Mr. Linaberger disclaims beneficial ownership in the reported securities except to the extent of his pecuniary interest therein.
- [F3]The reported securities are indirectly owned by Jacob B. Linaberger through his daughter, Jenna Linaberger, who directly owns the 2,500 shares. Mr. Linaberger disclaims beneficial ownership in the reported securities except to the extent of his pecuniary interest therein.