4//SEC Filing
Patterson Mark C 4
Accession 0000003982-11-000001
CIK 0000003982other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 5:21 PM ET
Size
9.3 KB
Accession
0000003982-11-000001
Insider Transaction Report
Form 4
Patterson Mark C
See Remarks.
Transactions
- Tax Payment
Common Stock
2010-12-29$6.76/sh−12,021$81,262→ 33,326 total - Tax Payment
Common Stock
2010-12-29$6.76/sh−20,724$140,094→ 87,602 total - Award
Common Stock
2010-12-29$6.76/sh+75,000$507,000→ 108,326 total
Footnotes (4)
- [F1]Effective December 29, 2010, the Compensation Committee of the Board of Directors of the Issuer approved the acceleration of the vesting of 43,500 shares of restricted stock of which 12,021 of such shares were withheld to satisfy tax obligations in connection with the vesting of such shares. The 43,500 shares of restricted stock includes two grants: 6,000 shares of which 1,659 shares were withheld and 37,500 shares of which 10,362 shares were withheld.
- [F2]Effective December 29, 2010, the Compensation Committee of the Board of Directors of the Issuer approved the acceleration of the vesting of 75,000 shares of performance-based restricted stock.
- [F3]These shares were withheld to satisfy tax obligations in connection with the vesting of 75,000 shares of performance-based restricted stock.
- [F4]The decision to accelerate the vesting of such equity was done to provide certain tax benefits to the Reporting Person and the Issuer.
Documents
Issuer
Allis Chalmers Energy Inc.
CIK 0000003982
Entity typeother
Related Parties
1- filerCIK 0001425197
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 5:21 PM ET
- Size
- 9.3 KB