Forbes Energy Services Ltd. 4
4 · Forbes Energy Services Ltd. · Filed Mar 29, 2016
Insider Transaction Report
Form 4
Forbes Charles C.
DirectorExecutive Vice President & COO10% Owner
Transactions
- Exercise/Conversion
Common Stock
2016-03-26+64,705→ 2,857,811 total - Exercise/Conversion
Restricted Stock Units
2016-03-26−58,098→ 117,958 total→ Common Stock (58,098 underlying) - Exercise/Conversion
Restricted Stock Units
2016-03-26−64,705→ 131,373 total→ Common Stock (64,705 underlying) - Exercise/Conversion
Common Stock
2016-03-26+58,098→ 2,851,204 total - Disposition to Issuer
Common Stock
2016-03-26$0.48/sh−58,098$27,887→ 2,793,106 total - Disposition to Issuer
Common Stock
2016-03-26$0.48/sh−64,705$31,058→ 2,793,106 total
Footnotes (3)
- [F1]On March 26, 2016, the reporting person had an award of restricted stock units that vested in accordance with the provisions in a grant made on June 3, 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 $0.48 per share, based on the market closing price on March 24, 2016. No shares were actually, issued, converted, or sold in connection with this transaction.
- [F2]On June 3, 2015, the reporting person was granted 176,056 restricted stock units, of which 33%, 33% and 34% vests on the first, second and third anniversary of March 26, 2015, respectively.
- [F3]On June 3, 2015, the reporting person was granted 196,078 restricted stock units, of which 33%, 33% and 34% vests on the first, second and third anniversary of March 26, 2015, respectively.