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EXPRO GROUP HOLDINGS N.V. — Director's Dealing 2021
Apr 23, 2021
31968_dirs_2021-04-23_473ce63e-8ab5-400f-b1ff-2879f3ae194c.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: 2021-02-23
Reporting Person: Russell Steven J (SVP, Operations)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-23 | Common Stock, par value Euro 0.01 per share | A | 25553 | — | Acquired | 78280 | Direct |
| 2021-02-23 | Common Stock, par value Euro 0.01 per share | M | 5634 | — | Acquired | 83914 | Direct |
| 2021-02-23 | Common Stock, par value Euro 0.01 per share | F | 12211 | $3.47 | Disposed | 71703 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-23 | Restricted Stock Unit | $ | M | 5634 | Disposed | Common Stock (5634) | Direct |
Footnotes
F1: Represents shares of common stock received upon the vesting and settlement of the performance-based restricted stock units ("PRSUs") granted on February 23, 2018, under the Frank's International N.V. 2013 Long-Term Incentive Plan (the "Plan"). The PRSUs reported in this filing vested at 151.2% achievement.
F2: Restricted stock units ("RSUs") and PRSUs convert into common stock on a one-for-one basis.
F3: 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 February 23, 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.
F4: On February 23, 2018, the reporting person was granted 16,900 RSUs vesting ratably in three annual installments beginning on February 23, 2019.
F5: Also consists of (i) 34,435 RSUs that will vest 50% on February 18, 2022, and 50% on February 18, 2023, (ii) 10,117 RSUs that will vest on February 19, 2022, and (iii) 122,024 RSUs that will vest ratably in three installments beginning on February 22, 2022.