SEC Form 4 · accession 0000899243-16-014400
EXPRO GROUP HOLDINGS N.V. · XPRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Burney J. Latiolais Jr.
Officer — See Remarks
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 7:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001575828
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock, par value Euro 0.01 per shareF1 | Feb 23, 2016 | M | 5,453 | — | A | 5,453 | D | |
| Common stock, par value Euro 0.01 per shareF2 | Feb 23, 2016 | F | 1,781 | $13.50 | D | 3,672 | D | |
| Common stock, par value Euro 0.01 per shareF3 | holding | — | — | — | 250 | I | Held by Child |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF5,F1,F4 | — | Feb 23, 2016 | M | 5,453 | D | — | — | Common Stock | 5,453 | 79,090 | D |
Explanation of responses
- F1Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- F2In connection with the vesting of shares of RSUs pursuant to the Frank's International N.V. 2013 Long-Term Incentive Plan, Frank's International N.V. (the "Issuer") withheld vested shares to satisfy tax withholding obligations. The number of vested shares withheld was based on the closing price per share on February 22, 2016. The withholding of vested shares pursuant to this award was approved by the Board of Supervisory Directors of the Issuer, and the number of shares indicated in this Form 4 was acquired as treasury stock by the Issuer.
- F3Mr. Latiolais may be deemed to beneficially own the shares of common stock, par value Euro 0.01 per share, of the Issuer (the "Common Stock") held by a child. Mr. Latiolais disclaims beneficial ownership of the Common Stock, except to the extent of his pecuniary interest therein.
- F4On February 23, 2015, the reporting person was granted 16,361 RSUs, vesting ratably in three annual installments beginning on February 23, 2016.
- F5Also consists of 68,182 RSUs that will vest 33% on August 14, 2016, with the remaining 67% vesting on March 31, 2017.
Remarks
Senior Vice President, Global Business Development and Sales