4//SEC Filing
Macek Steve 4
Accession 0001434842-19-000020
CIK 0001434842other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 4:56 PM ET
Size
8.4 KB
Accession
0001434842-19-000020
Insider Transaction Report
Form 4
Macek Steve
EVP, COO
Transactions
- Exercise/Conversion
Restricted Stock Units
2019-03-01−1,756→ 1,756 total→ Common Stock, par value $0.01 (1,756 underlying) - Award
Restricted Stock Units
2019-03-01+4,390→ 2,634 total→ Common Stock, par value $0.01 (4,390 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Company common stock, par value $0.01 per share.
- [F2]Represents the total number of exit financing restricted stock units granted on August 28, 2017 under the Company's management incentive plan. The number of restricted stock units that are ultimately earned is determined by the date on which a debt repayment condition is met as described in the Company's management incentive plan. The number of restricted stock units that are ultimately earned vest as follows: 40% on the first day following the date that is eighteen (18) months after the date of grant, 20% each on the second and third anniversaries of the date of grant, and 20% one day prior to the fourth anniversary of the date of grant. The restricted stock units, once vested, will generally entitle the Reporting Person to receive the applicable number of shares of Company common stock.
- [F3]Represents the maximum number of vested restricted stock units for which shares could be issued in accordance with the provisions of the grant made on August 28, 2017.
Documents
Issuer
Forbes Energy Services Ltd.
CIK 0001434842
Entity typeother
Related Parties
1- filerCIK 0001703412
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 4:56 PM ET
- Size
- 8.4 KB