SEC Form 4/A · accession 0000899243-18-007327
Nuverra Environmental Solutions, Inc. · NES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Mark D Johnsrud
Other
Period of report
Mar 2, 2018
Accepted (ET)
Mar 13, 2018 · 9:17 pm EDT
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 | — | Mar 2, 2018 | D | 443,015 | D | — | — | Common Stock | 443,015 | 88,603 | D |
Explanation of responses
- F1Restricted stock units convert to Nuverra Environmental Solutions, Inc. common stock on a one-for-one basis.
- F2On February 23, 2018, the reporting person was granted 531,618 restricted stock units, which vest in two installments on August 7, 2018 and August 7, 2019, subject to the achievement of pre-established performance targets during the applicable measurement periods. In accordance with the Separation Agreement and Mutual Release entered into between the reporting person and the issuer on March 2, 2018 (the "Separation Date"), 88,603 of such restricted stock units remain outstanding and are subject to potential vesting based on the achievement of such performance targets and 443,015 of such restricted stock units were forfeited as of the Separation Date.
Remarks
Former Chairman & Chief Executive Officer