Forbes Energy Services Ltd. 4
4 · Forbes Energy Services Ltd. · Filed May 25, 2016
Insider Transaction Report
Form 4
Forbes Charles C.
DirectorExecutive Vice President & COO10% Owner
Transactions
- Award
Restricted Stock Units
2016-05-24+118,386→ 118,386 total→ Common Stock (118,386 underlying) - Award
Restricted Stock Units
2016-05-24+661,375→ 661,375 total→ Common Stock (661,375 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of FES Common Stock or the cash equivalent thereof.
- [F2]The restricted stock units vest quarterly in four equal installments beginning on July 1, 2016.
- [F3]The restricted stock units vest 33%, 33% and 34% on the first, second and third anniversary of March 29, 2016, respectively.