PARKER DRILLING CO /DE/ 4
4 · PARKER DRILLING CO /DE/ · Filed Mar 14, 2016
Insider Transaction Report
Form 4
PARKER ROBERT L JR
DirectorChairman and CEO
Transactions
- Award
Common Stock
2016-03-10+36,155→ 1,629,931.37 total - Tax Payment
Common Stock
2016-03-10$2.09/sh−9,888$20,666→ 1,620,043.37 total
Holdings
- 26,525
Restricted Stock Units
Exercise: $0.00→ Common Stock (26,525 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of PKD common stock.
- [F2]Represents Performance Share Units (PSUs) that vested on March 10, 2016 and were initially granted in May 2013. Each PSU represented the right to receive one share of the PKD Common Stock, subject to increase or decrease based upon annual total shareholder return (TSR) of the Company as compared to the TSR for each performance peer of the Company and subject to the discretion of the Compensation Committee to reduce the award by up to 20%. The PSUs awarded represent a payout factor of 1.601 times the initial number of PSUs granted.