McDonald Kevin M 4
4 · NEXTIER OILFIELD SOLUTIONS INC. · Filed Sep 1, 2023
Insider Transaction Report
Form 4
McDonald Kevin M
Exec. VP, GC and Sec.
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2023-09-01−48,800→ 0 totalExercise: $15.63Exp: 2024-03-01→ Common Stock (48,800 underlying) - Disposition to Issuer
Restricted Stock Units
2023-09-01−238,346→ 0 total→ Common Stock (238,346 underlying) - Disposition to Issuer
Common Stock
2023-09-01−322,060→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2023-09-01−11,885→ 0 totalExercise: $14.17Exp: 2024-03-01→ Common Stock (11,885 underlying)
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of June 14, 2023 and amended as of July 27, 2023 (the "Merger Agreement"), by and among Patterson-UTI Energy, Inc. ("Patterson-UTI"), Pecos Merger Sub Inc., Pecos Second Merger Sub LLC and NexTier Oilfield Solutions, Inc., each share was cancelled and converted into the right to receive 0.7520 shares of Patterson-UTI common stock at the effective date of the mergers contemplated thereby (the "Effective Date").
- [F2]Pursuant to the Merger Agreement, each reported Stock Option was converted, on the same terms and conditions as were applicable prior to execution of the Merger Agreement, into 0.7520 options with respect to Patterson-UTI common stock (rounded down to the nearest whole share in the aggregate) at the Effective Date at an exercise price adjusted based on the exchange ratio.
- [F3]Pursuant to the Merger Agreement, each reported Restricted Stock Unit was converted, on the same terms and conditions as were applicable prior to execution of the Merger Agreement, into 0.7520 Restricted Stock Units with respect to Patterson-UTI common stock (rounded down to the nearest whole share in the aggregate) at the Effective Date.