SEC Form 4 · accession 0001209191-16-153360
EXPRO GROUP HOLDINGS N.V. · XPRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey J. Bird
Officer — EVP & Chief Financial Officer
Period of report
Dec 1, 2016
Accepted (ET)
Dec 5, 2016 · 4:32 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 | Dec 1, 2016 | M | 10,428 | — | A | 18,003 | D | |
| Common stock, par value Euro 0.01 per shareF2 | Dec 1, 2016 | F | 2,853 | $12.59 | D | 15,150 | 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 UnitF4,F1,F3 | — | Dec 1, 2016 | M | 10,428 | D | — | — | Common Stock | 10,428 | 29,630 | D |
| Restricted Stock UnitF4,F5,F6 | — | Dec 1, 2016 | A | 9,929 | A | — | — | Common Stock | 9,929 | 39,559 | 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 of common stock on November 30, 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.
- F3On December 1, 2014, the reporting person was granted 20,856 RSUs, vesting ratably in two annual installments beginning on December 1, 2015.
- F4Also consists of 29,630 RSUs that will vest ratably in three annual installments beginning on February 23, 2017.
- F5Each RSU represents a contingent right to receive, upon vesting, one share of common stock, par value Euro 0.01 per share, of the Issuer.
- F6The 9,929 RSUs reported on this Form 4 will vest in full on December 1, 2018.