BRASSFIELD W KIRK 4
4 · PARKER DRILLING CO /DE/ · Filed Mar 11, 2011
Insider Transaction Report
Form 4
BRASSFIELD W KIRK
Sr V P & CFO
Transactions
- Tax Payment
Common Stock
2011-03-09$5.29/sh−28,395$150,352→ 317,755 total
Holdings
- 24,469.602(indirect: By 401(k))
401K Common Stock
- 77,406
Restricted Stock Units
Exercise: $0.00→ Common Stock (77,406 underlying)
Footnotes (3)
- [F1]Shares of PKD common stock in 401(k) as of March 9, 2011.
- [F2]Each restricted stock unit represents a contingent right to receive one share of PKD common stock.
- [F3]Of the currently reported 77,406 restricted stock units 30,948 vest in two annual installments of 50% on each of March 1, 2012 and March 1, 2013, respectively. The remaining balance of derivative securities (46,458) vests 100% on July 23, 2013.