4//SEC Filing
Forbes Energy Services Ltd. 4
Accession 0001556838-16-000011
CIK 0001434842operating
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 3:29 PM ET
Size
8.6 KB
Accession
0001556838-16-000011
Insider Transaction Report
Form 4
Izatt Ted A.
Director
Transactions
- Exercise/Conversion
Common Stock
2016-10-01+29,596→ 95,397 total - Exercise/Conversion
Restricted Stock Units
2016-10-01−29,596→ 59,194 total→ Common Stock (29,596 underlying) - Disposition to Issuer
Common Stock
2016-10-01$0.14/sh−29,596$4,143→ 65,801 total
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.
Documents
Issuer
Forbes Energy Services Ltd.
CIK 0001434842
Entity typeoperating
IncorporatedBermuda
Related Parties
1- filerCIK 0001434842
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 3:29 PM ET
- Size
- 8.6 KB