Forbes Energy Services Ltd. 4
4 · Forbes Energy Services Ltd. · Filed Mar 29, 2016
Insider Transaction Report
Form 4
Forbes Charles C.
DirectorExecutive Vice President & COO10% Owner
Transactions
- Disposition to Issuer
Common Stock
2016-03-28$0.41/sh−34,453$14,126→ 2,758,653 total
Footnotes (1)
- [F1]On March 28, 2016, the reporting person had an award of restricted stock units that vested in accordance with the provisions in the grant made on March 28, 2014. Each restricted stock unit converts into common stock on a one-for-one basis. The restricted stock units were settled in cash valued at $0.41 per share, based on the market closing price on March 28, 2016. No shares were actually, issued, converted, or sold in connection with this transaction.