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EXPRO GROUP HOLDINGS N.V. — Director's Dealing 2021
Feb 23, 2021
31968_dirs_2021-02-23_95c423ea-a448-4dfa-b62e-2386095e902b.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: 2021-02-19
Reporting Person: KEARNEY MICHAEL C (Director, Chairman, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-19 | Common stock, par value Euro 0.01 per share | A | 130940 | — | Acquired | 675945 | Direct |
| 2021-02-19 | Common stock, par value Euro 0.01 per share | M | 95255 | — | Acquired | 771200 | Direct |
| 2021-02-19 | Common stock, par value Euro 0.01 per share | F | 89009 | $3.05 | Disposed | 682191 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-19 | Restricted Stock Unit | $ | M | 95255 | Disposed | Common Stock (95255) | 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 19, 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 RSUs pursuant to the 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 19, 2021. The withholding of vested shares pursuant to these awards 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 19, 2018, the reporting person was granted 86,600 RSUs, vesting ratably in three annual installments beginning on February 19, 2019; and on February 19, 2019, the reporting person was granted 199,165 RSUs, vesting ratably in three annual installments beginning on February 19, 2020.
F5: Also consists of 241,106 RSUs that will vest 50% on February 18, 2022, and 50% on February 18, 2023.