4//SEC Filing
MCCULLOCH JAMES L 4
Accession 0001401257-19-000045
CIK 0001401257other
Filed
Feb 18, 7:00 PM ET
Accepted
Feb 19, 12:41 PM ET
Size
15.0 KB
Accession
0001401257-19-000045
Insider Transaction Report
Form 4
MCCULLOCH JAMES L
SVP, Gen Counsel and Secretary
Transactions
- Award
Common Stock
2019-02-15+36,419→ 418,054 total - Exercise/Conversion
Performance Shares
2019-02-14−7,690→ 0 totalExp: 2018-12-31→ Common Stock (0 underlying) - Exercise/Conversion
Performance Shares
2019-02-14−4,146→ 0 totalExp: 2018-12-31→ Common Stock (0 underlying) - Exercise/Conversion
Performance Shares
2019-02-14−6,666→ 0 totalExp: 2018-12-31→ Common Stock (0 underlying) - Tax Payment
Common Stock
2019-02-16$6.59/sh−1,483$9,773→ 416,571 total
Footnotes (5)
- [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: 1/3 vest on each of the first, second, and third anniversaries of the date of grant (2/15/2019). 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 tax obligations related to the vesting of a restricted stock unit award granted on February 16, 2018.
- [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 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, 2016 and ending on December 31, 2018, each performance share represents the right to receive zero 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 two-year period commencing on January 1, 2017 and ending on December 31, 2018, each performance share represents the right to receive zero shares of Common Stock.
- [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. 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, 2018 and ending on December 31, 2018, each performance share represents the right to receive zero shares of Common Stock.
Documents
Issuer
FORUM ENERGY TECHNOLOGIES, INC.
CIK 0001401257
Entity typeother
Related Parties
1- filerCIK 0001180364
Filing Metadata
- Form type
- 4
- Filed
- Feb 18, 7:00 PM ET
- Accepted
- Feb 19, 12:41 PM ET
- Size
- 15.0 KB