4//SEC Filing
MCCULLOCH JAMES L 4
Accession 0001401257-18-000054
CIK 0001401257other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 7:52 PM ET
Size
18.5 KB
Accession
0001401257-18-000054
Insider Transaction Report
Form 4
MCCULLOCH JAMES L
SVP, Gen Counsel and Secretary
Transactions
- Award
Common Stock
2018-02-16+20,000→ 383,587 total - Tax Payment
Common Stock
2018-02-20$11.55/sh−1,463$16,898→ 382,124 total - Award
Employee Stock Option (Right to Buy)
2018-02-16+42,830→ 42,830 totalExercise: $12.00Exp: 2028-02-16→ Common Stock (42,830 underlying) - Award
Performance Shares
2018-02-16+6,667→ 6,667 totalExp: 2019-12-31→ Common Stock (6,667 underlying) - Tax Payment
Common Stock
2018-02-21$11.50/sh−487$5,601→ 381,637 total - Award
Performance Shares
2018-02-16+6,666→ 6,666 totalExp: 2018-12-31→ Common Stock (6,666 underlying) - Award
Performance Shares
2018-02-16+6,667→ 6,667 totalExp: 2020-12-31→ Common Stock (6,667 underlying)
Footnotes (6)
- [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 shares were surrendered to satisfy the tax obligations related to the vesting of restricted stock unit awards granted on February 21, 2014, February 20, 2015 and February 20, 2017.
- [F3]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).
- [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. 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.
- [F5]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.
- [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 2021, based on achievement of performance measures over a three-year period, following certification by the Compensation Committee of the performance results.
Documents
Issuer
FORUM ENERGY TECHNOLOGIES, INC.
CIK 0001401257
Entity typeother
Related Parties
1- filerCIK 0001180364
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 7:52 PM ET
- Size
- 18.5 KB