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FORUM ENERGY TECHNOLOGIES, INC. — Director's Dealing 2012
Apr 11, 2012
33221_dirs_2012-04-11_0e9211a1-bbd0-4a70-9f4f-9220def0ab9e.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK: 0001401257
Period of Report: 2012-04-11
Reporting Person: MCSHANE MICHAEL (Director)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 8066 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option | $7.68 | Common Stock (9250) | Direct | ||
| Stock Option | $7.68 | 2020-09-09 | Common Stock (13024) | Direct | |
| Stock Option | $15.35 | 2021-08-17 | Common Stock (6512) | Direct | |
| Common Stock Warrants (right to buy) | $7.68 | Common Stock (851) | Direct |
Footnotes
F1: These options, granted under the Forum Energy Technologies, Inc. 2010 Stock Incentive Plan, are all exercisable. These options expire upon the earlier of (a) the expiration of five years from the date of grant (5/10/2010) or (b) the first anniversary of the first date such options become exercisable for public stock and/or cash.
F2: 3,256 of these options, granted under the Forum Energy Technologies, Inc. 2010 Stock Incentive Plan, are exercisable. The remaining 9,256 options are exercisable in accordance with the following schedule: 1/3 of the options become exercisable on each of the second, third and fourth anniversaries of the date of grant (9/9/2010).
F3: These options, granted under the Forum Energy Technologies, Inc. 2010 Stock Incentive Plan, are exercisable in accordance with the following schedule: 1/4 of the options become exercisable on each of the first, second, third and fourth anniversaries of the date of grant (8/17/2011).
F4: These warrants expire upon the earlier of five years from the initial issuance, 2.5 years after the consummation of an initial public offering of the Company's common stock or upon the occurrence of certain other events described in the Warrant Agreement pursuant to which the warrants were issued.
F5: These warrants have an initial exercise price of $7.68 per share. The exercise price increases 0.5% at the end of each month which equates to an annual increase of 6%.