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FORUM ENERGY TECHNOLOGIES, INC. — Director's Dealing 2014
May 14, 2014
33221_dirs_2014-05-14_f3c3a929-fb85-499e-8ddf-5314f2485a40.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK: 0001401257
Period of Report: 2014-05-13
Reporting Person: Harris James Whelan (SVP & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-05-13 | Common Stock | X | 14910 | $9.62 | Acquired | 234185 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-05-13 | Common Stock Warrants (right to buy) | $9.62 | X | 21423 | Disposed | Common Stock (14910.0) | Direct |
Footnotes
F1: 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%.
F2: 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.
F3: Upon exercise, the warrants are converted into common stock in accordance with a formula provided in the Warrant Agreement. No payment of an exercise price is required in connection with the exercise of the warrants.