Frank's International N.V. 4
4 · Frank's International N.V. · Filed Feb 27, 2017
Insider Transaction Report
Form 4
Etta Ozong E
See Remarks
Transactions
- Exercise/Conversion
Restricted Stock Unit
2017-02-23−2,900→ 15,205 total→ Common Stock (2,900 underlying) - Exercise/Conversion
Common stock, par value Euro 0.01 per share
2017-02-23+2,900→ 2,900 total - Tax Payment
Common stock, par value Euro 0.01 per share
2017-02-23$12.52/sh−947$11,856→ 1,953 total
Footnotes (4)
- [F1]Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- [F2]In connection with the vesting of shares of RSUs pursuant to the Frank's International N.V. 2013 Long-Term Incentive Plan, Frank's International N.V. (the "Issuer") withheld vested shares to satisfy tax withholding obligations. The number of vested shares withheld was based on the closing price per share on February 22, 2017. The withholding of vested shares pursuant to this award was approved by the Board of Supervisory Directors of the Issuer, and the number of shares indicated in this Form 4 was acquired as treasury stock by the Issuer.
- [F3]On May 11, 2016, the reporting person was granted 8,700 RSUs, vesting ratably in three annual installments beginning on February 23, 2017.
- [F4]Also consists of 9,405 RSUs that will vest ratably in three annual installments beginning on February 20, 2018.