Crabb Joseph M 4
4 · Nuverra Environmental Solutions, Inc. · Filed Mar 7, 2019
Insider Transaction Report
Form 4
Crabb Joseph M
Exec. VP & Chief Legal Officer
Transactions
- Exercise/Conversion
Common Stock
2018-12-31+24,809→ 24,809 total - Tax Payment
Common Stock
2019-03-05$10.90/sh−7,529$82,066→ 17,280 total - Exercise/Conversion
Restricted Stock Units
2018-12-31−20,674→ 41,348 total→ Common Stock (20,674 underlying) - Exercise/Conversion
Restricted Stock Units
2019-03-05−4,135→ 41,348 total→ Common Stock (4,135 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Nuverra Environmental Solutions, Inc. common stock.
- [F2]On February 23, 2018, Mr. Crabb was granted 62,022 restricted stock units. The restricted stock units vest in three equal installments on December 31, 2018, December 31, 2019, and December 31, 2020.
- [F3]On February 23, 2018, Mr. Crabb was granted 62,022 restricted stock units. The restricted stock units vest in three equal installments on December 31, 2018, December 31, 2019, and December 31, 2020, subject to the achievement of pre-established performance targets during the applicable measurement periods. The first installment is subject to a performance measurement period beginning on January 1, 2018 and ending on December 31, 2018, the second installment is subject to a performance measurement period beginning on January 1, 2019 and ending on December 31, 2019, and the third installment is subject to a performance measurement period beginning on January 1, 2020 and ending on December 31, 2020.
- [F4]The remaining 16,539 restricted stock units for the first performance measurement period beginning on January 1, 2018 and ending on December 31, 2018 did not vest and were forfeited.