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FORUM ENERGY TECHNOLOGIES, INC. — Director's Dealing 2016
Feb 22, 2016
33221_dirs_2016-02-22_4198b82a-4f41-4ed1-94ce-939a7786e27b.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: 2016-02-19
Reporting Person: Schmitz John (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-02-19 | Common Stock | A | 13313 | — | Acquired | 50847 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2131347 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy) | $15.35 | 2021-08-17 | Common Stock (1628.0) | 1628 | Direct |
Footnotes
F1: Represents an award of restricted stock under the Forum Energy Technologies, Inc. 2010 Stock Incentive Plan (the "Plan"). Each share of restricted stock, par value $0.01 per share, is subject to transferability and other restrictions that lapse upon vesting of the restricted stock. The restricted stock award vests in full on the one year anniversary of the date of grant, subject to accelerated vesting of the entire award upon a Change in Control (as defined in the Plan). The restricted stock agreement also includes dividend and voting rights.
F2: On March 2, 2015, Mr. Schmitz exercised 4,884 options. The number of options reported in the Form 4 filed on March 3, 2015, however, was overstated by 1,628 options due to an administrative error. As such, the number of shares of common stock beneficially owned by Mr. Schmitz has been reduced by 1,628 shares. The correct number of options held by Mr. Schmitz is reflected in Table II.
F3: B-29 Family Holdings, LLC, a Texas limited liability company ("B-29 Family Holdings") is the beneficial owner of 2,131,347 shares of Forum Energy Technologies, Inc. common stock. Mr. Schmitz maintains a 90.69% membership interest in B-29 Family Holdings. As such, Mr. Schmitz may be deemed to have dispositive power over the common stock owned by B-29 Family Holdings. Mr. Schmitz disclaims beneficial ownership of such common stock, except to the extent of his pecuniary interest therein.