SEC Form 4 · accession 0001104659-17-024674
Williams Industrial Services Group Inc. · WLMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tracy D Pagliara
Officer — SVP, CAO, GC & SEC.
Period of report
Apr 17, 2017
Accepted (ET)
Apr 19, 2017 · 9:43 pm EDT
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 | Apr 17, 2017 | A | 33,421 | $0.00 | A | 163,636 | D | |
| Common Stock, $0.01 par value per shareF2,F3 | Apr 17, 2017 | A | 29,454 | $0.00 | A | 193,090 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted share units granted under the Global Power Equipment Group Inc. 2015 Equity Incentive Plan. The restricted share units, each of which represents the right to receive one share of common stock of Global Power Equipment Group Inc., will vest on March 31, 2019, subject to continued employment through the vesting date. Any units that do not vest will be forfeited.
- F2Restricted share units granted under the Global Power Equipment Group Inc. 2015 Equity Incentive Plan. On August 5, 2016, the Compensation Committee of the Board of Directors of Global Power Equipment Group Inc. granted restricted share units with an initial cash value of $129,559. Pursuant to the terms of the grant, the initial cash value of the award would be converted to a right to receive shares of Global Power Equipment Group's common stock, par value $0.01, after the Company completed the filing of an Annual Report on Form 10-K for 2015 and prior years being restated (the "Form 10-K"). The number of shares into which each restricted share unit award would be converted was determined by dividing the initial cash value of the award by the average closing price per common share for the last five trading days of the thirty-day period ending on the thirtieth day after the company completed the filing of the Form 10-K.
- F3Global Power Equipment Group Inc. filed the Form 10-K on March 15, 2017, and the number of units awarded was determined on April 17, 2017. The restricted share units will vest on March 30, 2018, subject to continued employment through the vesting date. Any shares underlying the restricted share units that do not vest will be forfeited.