4//SEC Filing
FORUM ENERGY TECHNOLOGIES, INC. 4
Accession 0001401257-14-000038
$FETCIK 0001401257operating
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 5:05 PM ET
Size
7.2 KB
Accession
0001401257-14-000038
Insider Transaction Report
Form 4
OTOOLE TERENCE M
Director
Transactions
- Award
Common Stock
2014-02-21+4,637→ 2,681,082 total(indirect: See footnote)
Footnotes (3)
- [F1]Represents an award of restricted stock under the Forum Energy Technologies, Inc. 2010 Stock Incentive Plan (the "Plan"). Each share of restricted stock represents a contingent right to receive one share of common stock, par value $0.01 per share, upon vesting of the restricted stock. The restricted stock award vests in full on the one year anniversary of the date of grant (2/21/2014), subject to accelerated vesting of the entire award upon a Change in Control (as defined in the Plan). The restricted stock agreement also includes dividend equivalent rights that entitle the reporting person to the same dividends that would be payable were the shares of common stock underlying the restricted stock award actually outstanding at the time such dividends were issued. The credited dividends will be paid to the reporting person concurrently with the issuance of the shares of common stock.
- [F2]Represents 2,666,666 shares of common stock that are directly owned by Tinicum FET, LLC, a Delaware limited liability company ("Tinicum FET"), and 14,416 shares of restricted stock issued to Mr. O'Toole in connection with his service on Forum Energy Technologies, Inc.'s (the "Company") Board of Directors.
- [F3]The manager of Tinicum FET is Tinicum Lantern III L.L.C., a Delaware limited liability company ("Tinicum Lantern III"). Mr. O'Toole is a co-managing member of Tinicum Lantern III. As such, Mr. O'Toole may be deemed to share investment control over Tinicum FET's portfolio. Mr. O'Toole disclaims beneficial ownership of the shares held by Tinicum FET, except to the extent of his pecuniary interest therein. Pursuant to a letter agreement, dated as of March 28, 2012, Tinicum FET has the right to designate one member to the Company's Board of Directors. Tinicum FET has designated Mr. O'Toole as its designee. As a result, Tinicum FET may be deemed a director by deputization. Tinicum FET disclaims any status as a deputized director for Section 16 or any other purposes.
Documents
Issuer
FORUM ENERGY TECHNOLOGIES, INC.
CIK 0001401257
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001401257
Filing Metadata
- Form type
- 4
- Filed
- Feb 23, 7:00 PM ET
- Accepted
- Feb 24, 5:05 PM ET
- Size
- 7.2 KB