SEC Form 4 · accession 0001513217-15-000006
Forbes Energy Services Ltd. · FLSS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William W. Sherrill
Director
Period of report
Jun 4, 2015
Accepted (ET)
Jul 2, 2015 · 3:56 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 Stock | Jun 4, 2015 | S | 8,000 | $1.33 | D | 32,411 | D | |
| Common StockF1 | Jul 1, 2015 | M | 10,584 | — | A | 42,995 | 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 | — | Jul 1, 2015 | M | 10,584 | D | — | — | Common Stock | 10,584 | 31,752 | D |
Explanation of responses
- F1Restricted Stock units convert into common stock on a one-for-one basis.
- F2On June 15, 2015, the reporting person was granted 42,336 resticted stock units, vesting quarterly in four equal installments beginning on July 1, 2015.