SEC Form 4 · accession 0000899243-16-024349
EXPRO GROUP HOLDINGS N.V. · XPRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
D. Keith Mosing
Director · 10% Owner
Period of report
Jul 1, 2016
Accepted (ET)
Jul 5, 2016 · 4:46 pm EDT
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 | Jul 1, 2016 | M | 681,819 | — | A | 1,586,299 | D | |
| Common stock, par value Euro 0.01 per share | holding | — | — | — | 33,024 | I | Held by Child. | |
| Common stock, par value Euro 0.01 per share | holding | — | — | — | 33,024 | I | Held by Child. | |
| Common stock, par value Euro 0.01 per share | holding | — | — | — | 50,000 | I | Held by Spouse. | |
| Common stock, par value Euro 0.01 per shareF2 | holding | — | — | — | 10,500,720 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF4,F1,F3 | — | Jul 1, 2016 | M | 681,819 | D | — | — | Common Stock | 681,819 | 186,342 | D |
Explanation of responses
- F1Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- F2As of July 1, 2016, the Donald Keith Mosing Family Partnership, Ltd ("DKM PL") directly owns 10,500,720 shares of Frank's International N.V.'s common stock, par value Euro 0.01 per share. DKM PL is controlled by Donald Keith Mosing, in his capacity as its general partner and trustee of its other general partner, Donald Keith Mosing Revocable Trust.
- F3On August 14, 2013, the reporting person was granted 1,136,364 RSUs, vesting 20% per year on the anniversary of the grant over the first three years, with the remaining 40% vesting on March 31, 2017. This grant was accelerated and vested in full on July 1, 2016 pursuant to that certain Separation Agreement dated December 31, 2015, by and among Frank's International, LLC, Frank's International N.V. and Donald Keith Mosing.
- F4Also consists of 176,282 RSUs that will vest 50% on February 23, 2017 and 50% on February 23, 2018 and 10,060 RSUs that will vest in full on May 1, 2017.