SEC Form 3 · accession 0001760079-18-000002
Forbes Energy Services Ltd. · FLSS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joe Michetti
Officer — President & Co-COO of FES LLC
Period of report
Nov 16, 2018
Accepted (ET)
Nov 26, 2018 · 5:12 pm EST
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, par value $0.01F1 | holding | — | — | — | 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 UnitsF2,F3 | $0.00 | holding | — | — | — | — | — | Common Stock, par value $0.01 | 69,120 | — | D |
Explanation of responses
- F1Represents all of the restricted stock units that vested in accordance with the provisions in a grant made on November 16, 2018.
- F2The original grant of 86,400 restricted stock units vest as follows: twenty percent (20%) vested on November 16, 2018 and the remaining eighty percent (80%) vests in four equal installments on the first, second, third and fourth anniversaries of November 16, 2018.
- F3Each restricted stock unit represents a contingent right to receive one share of Company common stock, par value $0.01 per share.