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FORUM ENERGY TECHNOLOGIES, INC. — Director's Dealing 2022
Feb 22, 2022
33221_dirs_2022-02-22_076c8c56-bef9-4eb1-8d93-8497c2a351cd.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: 2022-02-17
Reporting Person: GAUT C CHRISTOPHER (Director, Exec. COB)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-17 | Common Stock | M | 6000 | — | Acquired | 307985 | Direct |
| 2022-02-17 | Common Stock | M | 2276 | — | Acquired | 310261 | Direct |
| 2022-02-19 | Common Stock | M | 11159 | — | Acquired | 321420 | Direct |
| 2022-02-19 | Common Stock | M | 11159 | $18.94 | Disposed | 310261 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-17 | Performance Shares | $ | M | 15000 | Disposed | 2021-12-31 | Common Stock (6000.0) | Direct |
| 2022-02-17 | Performance Shares | $ | M | 5690 | Disposed | 2021-12-31 | Common Stock (2276.0) | Direct |
| 2022-02-19 | Phantom Stock Units | $ | M | 11159 | Disposed | Phantom Stock Units (11159.0) | Direct | |
| 2022-02-18 | Phantom Stock Units | $ | A | 33085 | Acquired | Common Stock (33085.0) | Direct |
Footnotes
F1: Reflects the vesting of performance shares granted in February 2019, which were earned at 40% of target.
F2: Represents the cash settlement of a portion of the phantom stock units granted on February 19, 2021 and that vested on February 19, 2022.
F3: Represents an award of cash-settled phantom units (the "Phantom Units") granted pursuant to the Forum Energy Technologies, Inc. Second Amended and Restated 2016 Stock and Incentive Plan (the "Plan"). Each Phantom Unit represents a contingent right to receive a cash payment equivalent to the fair market value of one share of Common Stock, upon the vesting of the Phantom Units. The Phantom Units may vest based on continuous service according to the following schedule: 1/2 on each of the first and second anniversaries of the grant date. The Phantom Units will be forfeited upon a termination of service prior to vesting, except in limited circumstances. The Phantom Units also include dividend equivalent rights that entitle the reporting person to the same dividends that would be payable if the Phantom Units were shares of Common Stock outstanding at the time such dividends were issued. The credited dividends will be paid concurrently with the settlement of the Phantom Units.