Forbes Energy Services Ltd. 4
4 · Forbes Energy Services Ltd. · Filed Apr 5, 2016
Insider Transaction Report
Form 4
Burris Travis H.
Director
Transactions
- Exercise/Conversion
Common Stock
2016-04-01+10,584→ 110,950 total - Disposition to Issuer
Common Stock
2016-04-01$0.48/sh−10,584$5,080→ 100,366 total - Exercise/Conversion
Restricted Stock Units
2016-04-01−10,584→ 0 total→ Common Stock (10,584 underlying)
Holdings
- 450(indirect: By son)
Common Stock
Footnotes (2)
- [F1]On April 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 $0.48 per share, based on the market closing price on April 1, 2016. No shares were actually, issued, converted, or sold inconnection 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.