Latiolais Burney J. Jr. 4
4 · FRANK'S INTERNATIONAL N.V. · Filed Feb 22, 2018
Insider Transaction Report
Form 4
Latiolais Burney J. Jr.
See Remarks
Transactions
- Exercise/Conversion
Restricted Stock Unit
2018-02-20−5,359→ 82,265 total→ Common Stock (5,359 underlying) - Exercise/Conversion
Common stock, par value Euro 0.01 per share
2018-02-20+5,359→ 40,369 total - Tax Payment
Common stock, par value Euro 0.01 per share
2018-02-20$6.11/sh−2,286$13,967→ 38,083 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 16, 2018. 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 February 20, 2017, the reporting person was granted 16,077 RSUs vesting ratably in three annual installments beginning on February 20, 2018.
- [F4]Consists of (i) 5,454 RSUs that will vest on February 23, 2018, (ii) 13,467 RSUs that will vest 50% on February 23, 2018 and 50% on February 23, 2019, (iii) 32,750 RSUs that will vest ratably in three annual installments beginning on February 19, 2019, (iv) 10,718 RSUs that will vest 50% on February 20, 2019 and 50% on February 20, 2020, and (v) 19,876 RSUs that will vest on August 3, 2019.