SEC Form 4 · accession 0001084991-17-000025
NATURAL GAS SERVICES GROUP INC · NGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William F Hughes Jr.
Director
Period of report
Mar 23, 2017
Accepted (ET)
Mar 27, 2017 · 5:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001084991
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 23, 2017 | A | 399 | $25.05 | A | 39,063 | D | |
| Common Stock | holding | — | — | — | 110,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F3 | — | Mar 23, 2017 | A | 3,593 | A | — | — | Common Stock | 3,593 | 3,593 | D |
| Nonqualified Stock Option | $19.61 | holding | — | — | — | Dec 31, 2007 | Dec 31, 2017 | Common Stock | 2,500 | 2,500 | D |
| Nonqualified Stock Option | $20.48 | holding | — | — | — | Mar 31, 2008 | Mar 31, 2018 | Common Stock | 2,500 | 2,500 | D |
| Nonqualified Stock Option | $16.74 | holding | — | — | — | Mar 31, 2010 | Mar 31, 2020 | Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F1The acquisition of the 399 shares of common stock reflects an award of restricted stock pursuant to the Company's 2009 Restricted Stock/Unit Plan, as amended, and Independent Director Compensation Policy. The award vests in installments of 100 shares beginning on March 31, 2018, with additional 100 share installments vesting on June 30 and September 30, 2018 and 99 shares on December 31, 2018, although the award is also subject to accelerated vesting upon the death, disability or retirement of the recipient, or upon a change in control of the Company.
- F2Not Applicable. The acquisition reflects an award of Restricted Stock Units ("RSU") pursuant to the Company's 2009 Restricted Stock/Unit Plan, as amended, and Independent Director Compensation Policy. Each RSU represents the right to receive one share of the Company's common stock upon vesting without payment.
- F3Not Applicable. The RSU for 3,593 shares vests in installments of 898 shares beginning on March 31, 2018, with additional 898 share installments vesting on June 30 and September 30, 2018 and 899 shares on December 31, 2018, although the award is also subject to accelerated vesting upon the death, disability or retirement of the recipient, or upon a change in control of the Company.