C&J Energy Services, Inc. 4
4 · C&J Energy Services, Inc. · Filed Mar 24, 2015
Insider Transaction Report
Form 4
Dunn John L.
Senior VP - Sales & Marketing
Transactions
- Disposition from Tender
Common Stock
2015-03-24−14,248→ 0 total - Disposition from Tender
Stock Option
2015-03-24−1,900→ 0 totalExercise: $18.89From: 2015-06-19Exp: 2022-06-19→ Common Stock (1,900 underlying) - Disposition from Tender
Common Stock
2015-03-24−15,640→ 0 total
Footnotes (5)
- [F1]Each share was disposed of pursuant to a merger agreement (the "Merger Agreement") among the issuer, C&J Energy Services, Inc. ("C&J"), Nabors Industries Ltd., Nabors Red Lion Limited ("Red Lion"), Nabors CJ Merger Co., and CJ Holding Co., in exchange for 1 Red Lion common share, upon the terms and subject to the conditions set forth in the Merger Agreement.
- [F2]These shares of restricted stock, granted under the C&J Energy Services, Inc. 2012 Long-Term Incentive Plan, were not yet vested immediately prior to the effective time of the merger.
- [F3]Each unvested C&J restricted stock award ("C&J Restricted Stock Award") was disposed of pursuant to the Merger Agreement in exchange for an award to acquire, on the same terms and conditions (including with respect to vesting), a number of Red Lion common shares equal to the number of shares of C&J common stock subject to such C&J Restricted Stock Award immediately prior to the effective time of the merger.
- [F4]These options, granted under the C&J Energy Services, Inc. 2012 Long-Term Incentive Plan, were exercisable immediately prior to the effective time of the merger in accordance with the following schedule: 1/3 of the options shall become exercisable on each of the first, second, and third anniversaries of the date of grant (06/19/12), subject to the earlier expiration of the options.
- [F5]Each outstanding C&J stock option award (a "C&J Option") was disposed of pursuant to the Merger Agreement in exchange for an option to purchase, on the same terms and conditions (including with respect to vesting and exercisability), a number of Red Lion common shares equal to the number of shares of C&J common stock subject to such C&J Option immediately prior to the effective time of the merger.