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EXPRO GROUP HOLDINGS N.V. — Director's Dealing 2021
Jun 22, 2021
31968_dirs_2021-06-22_f95d67a2-67c1-419f-92db-eb7d3294dc5c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FRANK'S INTERNATIONAL N.V. (FI)
CIK: 0001575828
Period of Report: 2021-06-18
Reporting Person: Lakey Nigel M (SVP, Technology)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-06-18 | Common stock, par value Euro 0.01 per share | M | 5112 | — | Acquired | 27516 | Direct |
| 2021-06-18 | Common stock, par value Euro 0.01 per share | F | 1245 | $3.31 | Disposed | 26271 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-06-18 | Restricted Stock Unit | $ | M | 5112 | Disposed | Common Stock (5112) | Direct |
Footnotes
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 June 17, 2021. 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 June 18, 2018, the reporting person was granted 15,336 RSUs vesting ratably in three annual installments beginning on June 18, 2019.
F4: Consists of (i) 69,445 RSUs that will vest ratably in three annual installment beginning on February 22, 2022, (ii) 24,104 RSUs that will vest 50% on February 18, 2022 and 50% on February 18, 2023, and (iii) 3,920 RSUs that will vest on February 19, 2022.