4//SEC Filing
Forbes Energy Services Ltd. 4
Accession 0001434842-16-000048
CIK 0001434842operating
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 11:37 AM ET
Size
8.6 KB
Accession
0001434842-16-000048
Insider Transaction Report
Form 4
Izatt Ted A.
Director
Transactions
- Exercise/Conversion
Common Stock
2016-01-01+10,584→ 93,363 total - Disposition to Issuer
Common Stock
2016-01-01$0.29/sh−10,584$3,069→ 82,779 total - Exercise/Conversion
Restricted Stock Units
2016-01-01−10,584→ 10,584 total→ Common Stock (10,584 underlying)
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 restricted stock units, vesting quarterly in four equal installments beginning on July 1, 2015.
Documents
Issuer
Forbes Energy Services Ltd.
CIK 0001434842
Entity typeoperating
IncorporatedBermuda
Related Parties
1- filerCIK 0001434842
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 11:37 AM ET
- Size
- 8.6 KB