PARKER DRILLING CO /DE/ 4
4 · PARKER DRILLING CO /DE/ · Filed Mar 14, 2016
Insider Transaction Report
Form 4
Farmer David R
VP of Operations
Transactions
- Award
Common Stock
2016-03-10+51,015→ 229,095 total - Award
Restricted Stock Units
2016-03-10+124,208→ 299,505 totalExercise: $0.00From: 2017-03-10Exp: 2019-03-10→ Common Stock (124,208 underlying) - Tax Payment
Common Stock
2016-03-10$2.09/sh−13,953$29,162→ 215,142 total - Award
Phantom Stock Units
2016-03-10+124,208→ 124,208 totalFrom: 2017-03-10Exp: 2019-03-10→ Common Stock (124,208 underlying)
Holdings
- 11,465.63(indirect: By 401(k))
401K Common Stock
Footnotes (4)
- [F1]Shares of PKD common stock in 401(k) as of March 10, 2016.
- [F2]Each restricted stock unit represents a contingent right to receive one share of PKD common stock.
- [F3]Each phantom stock unit represents a contingent right to receive a cash amount equivalent to one share of PKD common stock.
- [F4]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 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.