4//SEC Filing
Halverson Gary M. 4
Accession 0001209191-23-048522
CIK 0000889900other
Filed
Sep 5, 8:00 PM ET
Accepted
Sep 6, 6:14 PM ET
Size
6.0 KB
Accession
0001209191-23-048522
Insider Transaction Report
Form 4
Halverson Gary M.
Director
Transactions
- Award
Common Stock, $.01 par value per share
2023-09-01+130,582→ 130,582 total
Footnotes (2)
- [F1]This Form 4 reports securities acquired in connection with the mergers (the "Mergers") contemplated by that certain Agreement and Plan of Merger (as amended, the "Merger Agreement"), dated as of June 14, 2023, by and among Patterson-UTI Energy, Inc. (the "Issuer"), certain subsidiaries of the Issuer, and NexTier Oilfield Solutions Inc. ("NexTier"). On September 1, 2023, as a result of the Mergers contemplated by the Merger Agreement, at the Effective Time (as defined in the Merger Agreement), each outstanding share of common stock of NexTier was converted automatically into the right to receive 0.7520 shares of common stock of the Issuer, with cash paid in lieu of the issuance of any fractional shares of the Issuer's common stock.
- [F2]The shares of the Issuer's common stock reported above were acquired by the Reporting Person in respect of the shares of common stock of NexTier owned by the Reporting Person immediately prior to the Effective Time. On the trading day immediately prior to the Effective Time, the closing price of the Issuer's common stock was $14.14 per share and the closing price of NexTier's common stock was $10.61 per share.
Documents
Issuer
PATTERSON UTI ENERGY INC
CIK 0000889900
Entity typeother
Related Parties
1- filerCIK 0001504164
Filing Metadata
- Form type
- 4
- Filed
- Sep 5, 8:00 PM ET
- Accepted
- Sep 6, 6:14 PM ET
- Size
- 6.0 KB