4//SEC Filing
C&J Energy Services Ltd. 4
Accession 0001209191-15-029461
CIK 0001615817operating
Filed
Mar 25, 8:00 PM ET
Accepted
Mar 26, 12:35 PM ET
Size
5.9 KB
Accession
0001209191-15-029461
Insider Transaction Report
Form 4
Prestidge James H. Jr.
Chief Strategy Officer
Transactions
- Award
Common Stock
2015-03-24+25,000→ 64,884 total
Footnotes (2)
- [F1]These shares of restricted stock were granted under the C&J Energy Services 2015 Long-Term Incentive Plan.
- [F2]Subject to a two-tiered vesting schedule: (1) subject to performance-based vesting requiring certification by the Compensation Committee of the achievement of positive EBITDA as defined in the award agreement (Performance Vesting) in any calendar quarter during the period beginning 4/1/15 and ending 12/31/17 (Performance Cycle); and (2) additionally, subject to a time-based vesting schedule such that 1/3 of the restricted shares become unrestricted on the 1st, 2nd and 3rd anniversaries of the grant date. If a vesting date passes prior to the satisfaction of the Performance Vesting, the tranche of restricted shares subject to that vesting date will carry forward and be aggregated with the next tranche of restricted shares scheduled to vest on the next vesting date and be eligible to vest on such date, subject to satisfaction of the Performance Vesting. If the Performance Vesting is not satisfied during the Performance Cycle, all restricted shares shall be forfeited.
Documents
Issuer
C&J Energy Services Ltd.
CIK 0001615817
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001615817
Filing Metadata
- Form type
- 4
- Filed
- Mar 25, 8:00 PM ET
- Accepted
- Mar 26, 12:35 PM ET
- Size
- 5.9 KB