4//SEC Filing
Rich Gary G 4
Accession 0000899243-19-007137
CIK 0000076321other
Filed
Mar 10, 8:00 PM ET
Accepted
Mar 11, 8:04 PM ET
Size
10.3 KB
Accession
0000899243-19-007137
Insider Transaction Report
Form 4
Rich Gary G
DirectorPresident & CEO
Transactions
- Disposition to Issuer
Phantom Stock Units
2019-03-07−44,268→ 0 total→ Common Stock (44,268 underlying) - Disposition to Issuer
Restricted Stock Units
2019-03-07−44,268→ 0 total→ Common Stock (44,268 underlying)
Holdings
- 70,175
Common Stock
- 740.34(indirect: By 401(k))
401K Common Stock
Footnotes (5)
- [F1]Shares of Parker Drilling Company (the "Company") common stock in 401(k).
- [F2]On July 27, 2018, the Company effected a 1-for-15 stock split of its common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split and rounded down to the nearest whole share.
- [F3]Each phantom stock unit ("PSU") represents a contingent right to receive a cash amount equivalent to one share of Company common stock.
- [F4]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Company common stock.
- [F5]In connection with the Company's corporate reorganization and in accordance with the terms and conditions of the Company's 2010 Long-Term Incentive Plan (as amended and restated as of May 8, 2013), the Company's Compensation Committee determined on March 7, 2019 to cancel all outstanding incentive awards, including RSUs and PSUs. In exchange, the Committee exercised its discretion to determine a reasonable approximation of the value thereof and approved a payment to holders of such RSUs and PSUs of $0.33 per unit.
Documents
Issuer
PARKER DRILLING CO /DE/
CIK 0000076321
Entity typeother
Related Parties
1- filerCIK 0001375848
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 8:00 PM ET
- Accepted
- Mar 11, 8:04 PM ET
- Size
- 10.3 KB