SEC Form 4 · accession 0001513569-16-000017
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
May 24, 2016
Accepted (ET)
May 25, 2016 · 3:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001434842
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 | — | May 24, 2016 | A | 118,386 | A | — | — | Common Stock | 118,386 | 118,386 | D |
| Restricted Stock UnitsF1,F3 | — | May 24, 2016 | A | 661,375 | A | — | — | Common Stock | 661,375 | 661,375 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of FES Common Stock or the cash equivalent thereof.
- F2The restricted stock units vest quarterly in four equal installments beginning on July 1, 2016.
- F3The restricted stock units vest 33%, 33% and 34% on the first, second and third anniversary of March 29, 2016, respectively.