SEC Form 4 · accession 0001209191-17-024230

EXPRO GROUP HOLDINGS N.V. · XPRO

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP, Global Operations

Period of report

Mar 31, 2017

Accepted (ET)

Apr 3, 2017 · 5:21 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 share^F1	Mar 31, 2017	M	45,455	—	A	54,079	D
Common stock, par value Euro 0.01 per share^F2	Mar 31, 2017	F	19,069	$10.35	D	35,010	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Unit^F4,F1,F3	—	Mar 31, 2017	M	45,455	D	—	—	Common Stock	45,455	34,998	D

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 March 30, 2017. 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 August 14, 2013, the reporting person was granted 113,636 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.
F4Consists of (i) 16,077 RSUs that will vest ratably in three annual installments beginning on February 20, 2018, (ii) 5,454 RSUs that will vest on February 23, 2018, and (iii) 13,467 RSUs that will vest 50% on February 23, 2018 and 50% on February 23, 2019.