Forbes Energy Services Ltd. 4
4 · Forbes Energy Services Ltd. · Filed Jan 5, 2016
Insider Transaction Report
Form 4
Bossert Dale W.
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2016-01-01−10,584→ 10,584 total→ Common Stock (10,584 underlying) - Disposition to Issuer
Common Stock
2016-01-01$0.29/sh−10,584$3,069→ 74,329 total - Exercise/Conversion
Common Stock
2016-01-01+10,584→ 84,913 total
Footnotes (2)
- [F1]On January 1, 2016, the reporting person had an award of restricted stock units that vested in accordance with the provisions in a grant made on June 15, 2015. Each restricted stock unit converts into common stock on a one-for-one basis. The restricted stock units were settled in cash valued at $0.29 per share, based on the market closing price on December 31, 2015. No shares were actually, issued, converted, or sold in connection with this transaction.
- [F2]On June 15, 2015, the reporting person was granted 42,336 resticted stock units, vesting quarterly in four equal installments beginning on July 1, 2015.