Forbes Energy Services Ltd. 4
4 · Forbes Energy Services Ltd. · Filed Oct 4, 2016
Insider Transaction Report
Form 4
Bossert Dale W.
Director
Transactions
- Exercise/Conversion
Common Stock
2016-10-01+29,596→ 103,925 total - Disposition to Issuer
Common Stock
2016-10-01$0.14/sh−29,596$4,143→ 74,329 total - Exercise/Conversion
Restricted Stock Units
2016-10-01−29,596→ 59,194 total→ Common Stock (29,596 underlying)
Footnotes (2)
- [F1]On October 1, 2016, the reporting person had an award of restricted stock units that vested in accordance with the provisions in a grant made on May 24, 2016. Each restricted stock unit converts into common stock on a one-for-one basis. The restricted stock units were settled in cash valued at $0.14 per share, based on the market closing price on September 30, 2016. No shares were actually, issued, converted, or sold in connection with this transaction.
- [F2]On May 24, 2016, the reporting person was granted 118,386 restricted stock units, vesting quarterly in four equal installments beginning on July 1, 2016.