SEC Form 4 · accession 0000899243-19-006582
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
Dec 31, 2018
Accepted (ET)
Mar 7, 2019 · 6:06 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001403853
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 31, 2018 | M | 24,809 | — | A | 24,809 | D | |
| Common Stock | Mar 5, 2019 | F | 7,529 | $10.90 | D | 17,280 | D |
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 | — | Dec 31, 2018 | M | 20,674 | D | — | — | Common Stock | 20,674 | 41,348 | D |
| Restricted Stock UnitsF4,F1,F3 | — | Mar 5, 2019 | M | 4,135 | D | — | — | Common Stock | 4,135 | 41,348 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Nuverra Environmental Solutions, Inc. common stock.
- F2On February 23, 2018, Mr. Crabb was granted 62,022 restricted stock units. The restricted stock units vest in three equal installments on December 31, 2018, December 31, 2019, and December 31, 2020.
- F3On February 23, 2018, Mr. Crabb was granted 62,022 restricted stock units. The 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.
- F4The remaining 16,539 restricted stock units for the first performance measurement period beginning on January 1, 2018 and ending on December 31, 2018 did not vest and were forfeited.