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EXPRO GROUP HOLDINGS N.V. — Director's Dealing 2021
Feb 23, 2021
31968_dirs_2021-02-23_2d5b3632-7661-4bb1-87e0-aff74d396e0a.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: 2021-02-18
Reporting Person: KEARNEY MICHAEL C (Director, Chairman, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-18 | Common stock, par value Euro 0.01 per share | M | 120524 | — | Acquired | 592894 | Direct |
| 2021-02-18 | Common stock, par value Euro 0.01 per share | F | 47889 | $3.24 | Disposed | 545005 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-18 | Restricted Stock Unit | $ | M | 120524 | Disposed | Common Stock (120524) | 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 February 18, 2020. 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 February 18, 2020, the reporting person was granted 361,570 RSUs vesting ratably in three annual installments beginning on February 18, 2021.
F4: Consists of (i) 28,867 restricted stock units ("RSUs") that will vest on February 19, 2021, (ii) 132,776 RSUs that will vest 50% on February 19, 2021 and 50% on February 19, 2022, and (iii) 241,046 RSUs that will vest 50% on February 18, 2022, and 50% on February 18, 2023.