SEC Form 4 · accession 0001104659-15-084460
Williams Industrial Services Group Inc. · WLMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig E Holmes
Officer — Senior Vice President, Finance
Period of report
Dec 9, 2015
Accepted (ET)
Dec 11, 2015 · 9:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001136294
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par value per shareF1 | Dec 9, 2015 | A | 40,000 | $0.00 | A | 80,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted share units granted under the Inducement Restricted Share Unit Agreement between Global Power Equipment Group Inc. and Mr. Holmes, dated as of September 24, 2015. Of the restricted share units, each of which represents the right to receive one share of common stock of Global Power Equipment Group Inc., 13,334, 13,333 and 13,333 will vest on March 31 of each of 2016, 2017 and 2018, respectively, subject to continued employment through the vesting date. These restricted share units were previously granted by the Board of Directors as performance-based restricted share units and on December 9, 2015 were converted to time-based restricted share units. Any units that do not vest will be forfeited.
Remarks
Power of attorney was filed as Exhibit 24 to the Form 3 filed for Mr. Holmes on September 28, 2015.