SEC Form 4 · accession 0001434842-16-000063
Forbes Energy Services Ltd. · FLSS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles C. Forbes
Officer — Executive Vice President & COO · Director · 10% Owner
Period of report
Mar 28, 2016
Accepted (ET)
Mar 29, 2016 · 3:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001434842
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 28, 2016 | D | 34,453 | $0.41 | D | 2,758,653 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 28, 2016, the reporting person had an award of restricted stock units that vested in accordance with the provisions in the grant made on March 28, 2014. Each restricted stock unit converts into common stock on a one-for-one basis. The restricted stock units were settled in cash valued at $0.41 per share, based on the market closing price on March 28, 2016. No shares were actually, issued, converted, or sold in connection with this transaction.