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Home/Filings/4/0001401257-17-000030
4//SEC Filing

FORUM ENERGY TECHNOLOGIES, INC. 4

Accession 0001401257-17-000030

$FETCIK 0001401257operating
View on SEC.govCompany Profile

Filed

Feb 20, 7:00 PM ET

Accepted

Feb 21, 6:51 PM ET

Size

33.6 KB

Accession

0001401257-17-000030

Insider Transaction Report

Form 4
Period: 2017-02-16
FORUM ENERGY TECHNOLOGIES, INC.FET
Harris James Whelan
SVP & CFO
Transactions
  • Exercise/Conversion

    Common Stock

    2017-02-16+21,300→ 315,438 total
  • Exercise/Conversion

    Common Stock

    2017-02-16+10,706→ 326,144 total
  • Exercise/Conversion

    Common Stock

    2017-02-16+3,710→ 329,854 total
  • Tax Payment

    Common Stock

    2017-02-16$20.85/sh−14,504$302,408→ 315,350 total
  • Tax Payment

    Common Stock

    2017-02-19$20.10/sh−2,983$59,958→ 312,367 total
  • Award

    Common Stock

    2017-02-20+16,584→ 328,951 total
  • Tax Payment

    Common Stock

    2017-02-20$20.10/sh−1,500$30,150→ 327,451 total
  • Tax Payment

    Common Stock

    2017-02-21$20.90/sh−1,995$41,696→ 325,456 total
  • Exercise/Conversion

    Performance Shares

    2017-02-16−10,650→ 0 total
    Exp: 2016-12-31→ Common Stock (21,300 underlying)
  • Exercise/Conversion

    Performance Shares

    2017-02-16−5,353→ 0 total
    Exp: 2016-12-31→ Common Stock (10,706 underlying)
  • Exercise/Conversion

    Performance Shares

    2017-02-16−3,710→ 0 total
    Exp: 2016-12-31→ Common Stock (3,710 underlying)
  • Award

    Employee Stock Option (Right to Buy)

    2017-02-20+37,244→ 37,244 total
    Exercise: $20.10Exp: 2027-02-20→ Common Stock (37,244 underlying)
  • Award

    Performance Shares

    2017-02-20+5,528→ 5,528 total
    Exp: 2017-12-31→ Common Stock (5,528 underlying)
  • Award

    Performance Shares

    2017-02-20+5,528→ 5,528 total
    Exp: 2018-12-31→ Common Stock (5,528 underlying)
  • Award

    Performance Shares

    2017-02-20+5,528→ 5,528 total
    Exp: 2019-12-31→ Common Stock (5,528 underlying)
Footnotes (12)
  • [F1]These shares were surrendered to satisfy tax obligations related to the vesting of performance shares granted on February 21, 2014, February 20, 2015 and February 19, 2016.
  • [F10]These performance shares represent a contingent right to receive Common Stock, based on the Company's relative shareholder return versus that of the Company's peer group. Each performance share will settle for between zero and two shares of Common Stock in the first quarter of 2018, based on achievement of performance measures over a one-year period, following certification by the NG&C Committee of the performance results.
  • [F11]These performance shares represent a contingent right to receive Common Stock, based on the Company's relative shareholder return versus that of the Company's peer group. Each performance share will settle for between zero and two shares of Common Stock in the first quarter of 2019, based on achievement of performance measures over a two-year period, following certification by the NG&C Committee of the performance results.
  • [F12]These performance shares represent a contingent right to receive Common Stock, based on the Company's relative shareholder return versus that of the Company's peer group. Each performance share will settle for between zero and two shares of Common Stock in the first quarter of 2020, based on achievement of performance measures over a three-year period, following certification by the NG&C Committee of the performance results.
  • [F2]These shares were surrendered to the satisfy the tax obligation related to the vesting of a restricted stock award granted on February 19, 2016.
  • [F3]Represents an award of restricted stock units (the "Units") granted pursuant to the Forum Energy Technologies, Inc. 2016 Stock and Incentive Plan (the "Plan"). Each Unit represents a contingent right to receive one share of Forum Energy Technologies, Inc. (the "Company") common stock, par value $0.01 per share ("Common Stock"), upon the vesting of the Units. The Units vest according to the following schedule: 1/4 vest on each of the first, second, third and fourth anniversaries of the date of grant (2/20/2017). The Units will be forfeited upon a termination of employment prior to vesting, except in limited circumstances. The Units also include dividend equivalent rights that entitle the reporting person to the same dividends that would be payable were the shares of Common Stock underlying the Units actually outstanding at the time such dividends were issued. The credited dividends will be paid concurrently with the issuance of the shares of Common Stock to the reporting person.
  • [F4]These shares were surrendered to the satisfy the tax obligation related to the vesting of a restricted stock unit award granted on February 20, 2015.
  • [F5]These shares were surrendered to satisfy tax obligations related to the vesting of restricted stock unit awards granted on February 21, 2013 and February 21, 2014.
  • [F6]These performance shares represent a contingent right to receive Common Stock, based on the Company's relative shareholder return versus that of the Company's peer group. As determined by the Company's Nominating, Governance & Compensation Committee ("NG&C Committee") and given the Company's relative shareholder return versus the relevant peer group over the one-year period commencing on January 1, 2016 and ending on December 31, 2016, each performance share represents the right to receive two shares of Common Stock.
  • [F7]These performance shares represent a contingent right to receive Common Stock, based on the Company's relative shareholder return versus that of the Company's peer group. As determined by the NG&C Committee and given the Company's relative shareholder return versus the relevant peer group over the two-year period commencing on January 1, 2015 and ending on December 31, 2016, each performance share represents the right to receive two shares of Common Stock.
  • [F8]These performance shares represent a contingent right to receive Common Stock, based on the Company's relative shareholder return versus that of the Company's peer group. As determined by the NG&C Committee and given the Company's relative shareholder return versus the relevant peer group over the three-year period commencing on January 1, 2014 and ending on December 31, 2016, each performance share represents the right to receive one share of Common Stock.
  • [F9]These options are exercisable in accordance with the following schedule: 1/4 of the options become exercisable on each of the first, second, third and fourth anniversaries of the date of grant (2/20/2017).

Documents

1 file

Issuer

FORUM ENERGY TECHNOLOGIES, INC.

CIK 0001401257

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Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0001401257

Filing Metadata

Form type
4
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 6:51 PM ET
Size
33.6 KB
View on SEC.gov