SEC Form 4 · accession 0000899243-18-005682
Nuverra Environmental Solutions, Inc. · NES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph M Crabb
Officer — EVP & Chief Legal Officer
Period of report
Feb 23, 2018
Accepted (ET)
Feb 27, 2018 · 6:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001403853
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 23, 2018 | A | 62,022 | A | — | — | Common Stock | 62,022 | 62,022 | D |
| Restricted Stock UnitsF1,F3 | — | Feb 23, 2018 | A | 62,022 | A | — | — | Common Stock | 62,022 | 62,022 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Nuverra Environmental Solutions, Inc. common stock.
- F2The restricted stock units vest in three equal installments on December 31, 2018, December 31, 2019, and December 31, 2020.
- F3The restricted stock units vest in three equal installments on December 31, 2018, December 31, 2019, and December 31, 2020, subject to the achievement of pre-established performance targets during the applicable measurement periods. The first installment is subject to a performance measurement period beginning on January 1, 2018 and ending on December 31, 2018, the second installment is subject to a performance measurement period beginning on January 1, 2019 and ending on December 31, 2019, and the third installment is subject to a performance measurement period beginning on January 1, 2020 and ending on December 31, 2020.