Nuverra Environmental Solutions, Inc. 4
4 · Nuverra Environmental Solutions, Inc. · Filed Mar 20, 2014
Insider Transaction Report
Form 4
Parkinson Jay Curtis
Executive VP and CFO
Transactions
- Purchase
Common Stock
2014-03-20$17.87/sh+2,500$44,675→ 105,000 total - Award
Common Stock
2014-03-12+75,000→ 102,500 total
Holdings
- 366.709(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Represents the receipt of common stock upon the vesting of shares of restricted stock units granted on March 12, 2014 for the Reporting Person's 2013 bonus grant pursuant to the Issuer's 2009 Equity Incentive Plan (the "Plan"). Conditional on shareholder approval of an amendment to the Plan at the annual meeting of the shareholders to be held on May 6, 2014, these restricted stock units are schedules to vest 1/3 on 1/15/15, 1/3 on 1/15/16, and 1/3 on 1/15/17.
- [F2]This amount includes the receipt of 20,000 shares of common stock upon the vesting of restricted stock granted on September 10, 2012 pursuant to the Plan. These 20,000 shares of restricted stock are scheduled to vest 100% on the third anniversary of the date of the grant.
- [F3]Shares acquired through Issuer's 401(k) Match Plan (the "Match Plan"), through which the Issuer matches their employees' cash contributions with stock. Represents the receipt of common stock upon the vesting of shares of restricted stock units received between November 25, 2013 and March 12, 2014 through Issuer's Match Plan. 1/3rd of the grant, or 122.236 shares, have vested. Remainder will vest over the next two anniversaries of date of hire, with 1/3 to vest 9/5/14 and 1/3 to vest 9/5/15, respectively.