4//SEC Filing
Stephens Douglas Glen 4
Accession 0001209191-17-057611
CIK 0001575828other
Filed
Oct 19, 8:00 PM ET
Accepted
Oct 20, 4:10 PM ET
Size
11.6 KB
Accession
0001209191-17-057611
Insider Transaction Report
Form 4
Stephens Douglas Glen
President and CEO
Transactions
- Tax Payment
Common Stock, par value Euro 0.01 per share
2017-10-19$6.97/sh−16,869$117,577→ 46,577 total - Exercise/Conversion
Restricted Stock Unit
2017-10-19−35,547→ 0 total→ Common Stock (35,547 underlying) - Exercise/Conversion
Common Stock, par value Euro 0.01 per share
2017-10-19+35,547→ 37,320 total - Award
Common Stock, par value Euro 0.01 per share
2017-10-19+26,126→ 63,446 total
Footnotes (4)
- [F1]Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- [F2]Pursuant to that certain Separation Agreement (the "Separation Agreement") entered into by and between the reporting person and Frank's International N.V. (the "Issuer") on October 5, 2017, one-third of the performance-based RSU award granted to the reporting person on February 20, 2017 became vested, and the remaining two-thirds of such performance-based RSU award was cancelled for no consideration.
- [F3]In connection with the vesting of shares of RSUs pursuant to the Frank's International N.V. 2013 Long-Term Incentive Plan and the Separation Agreement, 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 October 18, 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.
- [F4]Pursuant to the Separation Agreement, one-third of the RSUs granted on each of November 15, 2016 and February 20, 2017 became vested, and the remaining two-thirds of the RSUs granted on each of November 15, 2016 and February 20, 2017 were forfeited for no consideration.
Documents
Issuer
FRANK'S INTERNATIONAL N.V.
CIK 0001575828
Entity typeother
Related Parties
1- filerCIK 0001690284
Filing Metadata
- Form type
- 4
- Filed
- Oct 19, 8:00 PM ET
- Accepted
- Oct 20, 4:10 PM ET
- Size
- 11.6 KB