SEC Form 4 · accession 0001084991-18-000018
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 15, 2018
Accepted (ET)
Mar 19, 2018 · 2:49 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 15, 2018 | A | 407 | $24.55 | A | 37,970 | D | |
| Common Stock | holding | — | — | — | 110,500 | I | By the William & Cheryl Hughes Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Mar 15, 2018 | A | 3,665 | A | — | — | Common Stock | 3,665 | 3,665 | D |
| Restricted Stock UnitsF4 | — | holding | — | — | — | — | — | Common Stock | 3,593 | 3,593 | D |
Explanation of responses
- F1The acquisition of the 407 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 101 shares beginning on March 31, 2019, with additional 102 share installments vesting on June 30, September 30 and December 31, 2019, although the award is also subject to accelerated vesting upon the death or disability 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 3,665 shares vests in installments of 917 shares beginning on March 31, 2019, with additional 916 share installments vesting on June 30, September 30 and December 31, 2019, although the award is also subject to accelerated vesting upon the death or disability of the recipient, or upon a change in control of the Company.
- F4Not Applicable. Each Restricted Stock Unit represents a right to receive one share of Company common stock upon vesting without payment.