Cestero Alejandro 4
4 · FRANK'S INTERNATIONAL N.V. · Filed Sep 5, 2017
Insider Transaction Report
Form 4
Cestero Alejandro
See Remarks
Transactions
- Exercise/Conversion
Common stock, par value Euro 0.01 per share
2017-09-01+3,362→ 10,717 total - Exercise/Conversion
Restricted Stock Unit
2017-09-01−3,362→ 55,618 total→ Common Stock (3,362 underlying) - Tax Payment
Common stock, par value Euro 0.01 per share
2017-09-01$6.28/sh−920$5,778→ 9,797 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 August 31, 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 August 4, 2015, the reporting person was granted 10,087 RSUs, vesting ratably in three annual installments beginning on September 1, 2016.
- [F4]Consists of (i) 12,812 RSUs that will vest ratably in three annual installments beginning on February 20, 2018, (ii) 8,396 RSUs that will vest 50% on February 23, 2018 and 50% on February 23, 2019, (iv) 3,363 RSUs that will vest on September 1, 2018, (v) 9,929 RSUs that will vest in full on December 1, 2018, and (vi) 21,118 RSUs that will vest in full on August 3, 2019.