LAYNE CHRISTENSEN CO 4
4 · LAYNE CHRISTENSEN CO · Filed Apr 4, 2017
Insider Transaction Report
Form 4
GILMORE ROBERT R
Director
Transactions
- Award
Phantom Stock Units
2017-04-01$8.53/sh+225.31$1,922→ 400.47 total→ Common Stock (225.31 underlying) - Award
Restricted Stock Units
2017-04-03+5,650→ 5,650 total→ Common Stock (5,650 underlying)
Footnotes (4)
- [F1]The Conversion or Exercise Price is 1 for 1.
- [F2]The Phantom Stock Units were accrued under the Layne Christensen Company Deferred Compensation Plan for Directors and are to be settled 100% in cash. The Phantom Stock Units are to be settled within thirty (30) days after (i) the date pre-selected by the reporting person or (ii) the date the reporting person ceases to be a Director.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Layne common stock.
- [F4]The restricted stock units vest on the earlier of (i) the reporting person's death or disability, or (ii) April 3, 2018, provided the reporting person remains a director of the company until such date.