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FORUM ENERGY TECHNOLOGIES, INC. — Director's Dealing 2012
Apr 11, 2012
33221_dirs_2012-04-11_b0e9ed5d-489f-4c7d-80dd-796f4c9df2b4.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: Harris James Whelan (SVP & CFO)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 219077 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option | $8.65 | 2013-01-31 | Common Stock (12950) | Direct | |
| Stock Option | $6.08 | 2014-06-30 | Common Stock (31450) | Direct | |
| Stock Option | $7.68 | 2020-08-01 | Common Stock (222000) | Direct | |
| Stock Option | $7.68 | 2020-11-29 | Common Stock (21053) | Direct | |
| Stock Option | $15.35 | 2021-12-07 | Common Stock (9509) | Direct | |
| Common Stock Warrants (right to buy) | $7.68 | Common Stock (21423) | Direct |
Footnotes
F1: All of these options, granted under the Forum Oilfield Technologies, Inc. 2005 Stock Incentive Plan, are exercisable.
F2: 15,725 of these options, granted under the Forum Oilfield Technologies, Inc. 2005 Stock Incentive Plan, are exercisable. The remaining 15,275 options are exercisable in accordance with the following schedule: 1/2 of the options become exercisable on each of the third and fourth anniversaries of the date of grant (7/1/2009).
F3: 55,500 of these options, granted under the Forum Energy Technologies, Inc. 2010 Stock Incentive Plan, are currently exercisable. The remaining 166,500 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 (8/2/2010).
F4: 5,291 of these options, granted under the Forum Energy Technologies, Inc. 2010 Stock Incentive Plan, are currently exercisable. The remaining 15,762 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 (11/29/2010).
F5: 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 (12/7/2011).
F6: 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.
F7: 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%.