SEC Form 4 · accession 0001084991-17-000026
NATURAL GAS SERVICES GROUP INC · NGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James R Hazlett
Officer — VP -- Technical Services
Period of report
Mar 23, 2017
Accepted (ET)
Mar 27, 2017 · 6:25 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 21, 2017 | A | 5,000 | $25.05 | A | 65,890 | 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 | 15,000 | A | — | — | Common Stock | 15,000 | 15,000 | D |
| Employee Stock Option | $17.51 | holding | — | — | — | Sep 10, 2009 | Sep 10, 2018 | Common Stock | 5,000 | 5,000 | D |
| Employee Stock Option | $17.74 | holding | — | — | — | Dec 9, 2010 | Dec 8, 2019 | Common Stock | 10,000 | 10,000 | D |
| Employee Stock Option | $17.81 | holding | — | — | — | Jan 25, 2012 | Jan 24, 2021 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1The acquisition of the 5,000 shares of common stock reflects an award of restricted stock pursuant to the Company's 2009 Restricted Stock/Unit Plan. The award vests in one-third annual increments beginning upon the first anniversary of the grant date, subject to the participant's continued employment with the Company and subject to accelerated vesting upon death, disability or retirement of the participant, 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. Each RSU represents the right to receive one share of the Company's common stock upon vesting without payment.
- F3Not Applicable. The RSU award vests in one-third annual increments beginning on the first anniversary of the grant date, subject to the reporting person's continued employment with the Company and subject to accelerated vesting upon death, disability or retirement of the reporting person, or upon a change in control.