4//SEC Filing
Frank's International N.V. 4
Accession 0001209191-17-024230
$XPROCIK 0001575828operating
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 5:21 PM ET
Size
9.6 KB
Accession
0001209191-17-024230
Insider Transaction Report
Form 4
Latiolais Burney J. Jr.
See Remarks
Transactions
- Exercise/Conversion
Common stock, par value Euro 0.01 per share
2017-03-31+45,455→ 54,079 total - Tax Payment
Common stock, par value Euro 0.01 per share
2017-03-31$10.35/sh−19,069$197,364→ 35,010 total - Exercise/Conversion
Restricted Stock Unit
2017-03-31−45,455→ 34,998 total→ Common Stock (45,455 underlying)
Footnotes (4)
- [F1]Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- [F2]In connection with the vesting of shares of RSUs pursuant to the Frank's International N.V. 2013 Long-Term Incentive Plan, Frank's International N.V. (the "Issuer") withheld vested shares to satisfy tax withholding obligations. The number of vested shares withheld was based on the closing price per share on March 30, 2017. The withholding of vested shares pursuant to this award was approved by the Board of Supervisory Directors of the Issuer, and the number of shares indicated in this Form 4 was acquired as treasury stock by the Issuer.
- [F3]On August 14, 2013, the reporting person was granted 113,636 RSUs, vesting 20% per year on the anniversary of the grant over the first three years, with the remaining 40% vesting on March 31, 2017.
- [F4]Consists of (i) 16,077 RSUs that will vest ratably in three annual installments beginning on February 20, 2018, (ii) 5,454 RSUs that will vest on February 23, 2018, and (iii) 13,467 RSUs that will vest 50% on February 23, 2018 and 50% on February 23, 2019.
Documents
Issuer
Frank's International N.V.
CIK 0001575828
Entity typeoperating
IncorporatedNetherlands
Related Parties
1- filerCIK 0001575828
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 5:21 PM ET
- Size
- 9.6 KB