Iyyanki Prady 4

Accession 0001401257-18-000045

CIK 0001401257other

View on SEC.gov Company Profile

Filed

Feb 19, 7:00 PM ET

Accepted

Feb 20, 7:49 PM ET

Size

25.8 KB

Accession

0001401257-18-000045

Insider Transaction Report

Form 4

Period: 2018-02-15

FORUM ENERGY TECHNOLOGIES, INC.FET

Iyyanki Prady

EVP & Chief Operating Officer

Transactions

Exercise/Conversion
Common Stock
2018-02-15+7,137→ 249,447 total
Exercise/Conversion
Common Stock
2018-02-15+21,300→ 270,747 total
Award
Common Stock
2018-02-16+82,670→ 353,417 total
Exercise/Conversion
Performance Shares
2018-02-15−7,137→ 0 total
Exp: 2017-12-31→ Common Stock (7,137 underlying)
Award
Employee Stock Option (Right to Buy)
2018-02-16+177,020→ 177,020 total
Exercise: $12.00Exp: 2028-02-16→ Common Stock (177,020 underlying)
Award
Performance Shares
2018-02-16+27,556→ 27,556 total
Exp: 2018-12-31→ Common Stock (27,556 underlying)
Award
Performance Shares
2018-02-16+27,557→ 27,557 total
Exp: 2020-12-31→ Common Stock (27,557 underlying)
Exercise/Conversion
Performance Shares
2018-02-15−14,200→ 0 total
Exp: 2017-12-31→ Common Stock (21,300 underlying)
Exercise/Conversion
Performance Shares
2018-02-15−8,292→ 0 total
Exp: 2017-12-31→ Common Stock (0 underlying)
Award
Performance Shares
2018-02-16+27,557→ 27,557 total
Exp: 2019-12-31→ Common Stock (27,557 underlying)

Footnotes (8)

[F1]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 (2/16/2018). 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.
[F2]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 Compensation Committee ("the Compensation Committee") and given the Company's relative shareholder return versus the relevant peer group over the three-year period commencing on January 1, 2015 and ending on December 31, 2017, each performance share represents the right to receive one share of Common Stock.
[F3]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 the Compensation Committee and given the Company's relative shareholder return versus the relevant peer group over the two-year period commencing on January 1, 2016 and ending on December 31, 2017, each performance share represents the right to receive 1.5 shares of Common Stock.
[F4]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 the Compensation Committee and given the Company's relative shareholder return versus the relevant peer group over the one-year period commencing on January 1, 2017 and ending on December 31, 2017, each performance share represents the right to receive zero shares of Common Stock.
[F5]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 (2/16/2018).
[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. 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 one-year period, following certification by the Compensation Committee of the performance results.
[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. 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 two-year period, following certification by the Compensation Committee of the performance results.
[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. Each performance share will settle for between zero and two shares of Common Stock in the first quarter of 2021, based on achievement of performance measures over a three-year period, following certification by the Compensation Committee of the performance results.

Documents

1 file

4
wf-form4_151917417042397.xmlPrimary
FORM 4

Issuer

FORUM ENERGY TECHNOLOGIES, INC.

CIK 0001401257

→

Entity typeother

Related Parties

filerCIK 0001596952

Filing Metadata

Form type: 4
Filed: Feb 19, 7:00 PM ET
Accepted: Feb 20, 7:49 PM ET
Size: 25.8 KB

View on SEC.gov