SEC Form 4 · accession 0001209191-17-051402
EXPRO GROUP HOLDINGS N.V. · XPRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alejandro Cestero
Officer — SVP, General Counsel & Sec.
Period of report
Sep 1, 2017
Accepted (ET)
Sep 5, 2017 · 5:05 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 | Sep 1, 2017 | M | 3,362 | — | A | 10,717 | D | |
| Common stock, par value Euro 0.01 per shareF2 | Sep 1, 2017 | F | 920 | $6.28 | D | 9,797 | 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 | — | Sep 1, 2017 | M | 3,362 | D | — | — | Common Stock | 3,362 | 55,618 | 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 August 31, 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 4, 2015, the reporting person was granted 10,087 RSUs, vesting ratably in three annual installments beginning on September 1, 2016.
- F4Consists of (i) 12,812 RSUs that will vest ratably in three annual installments beginning on February 20, 2018, (ii) 8,396 RSUs that will vest 50% on February 23, 2018 and 50% on February 23, 2019, (iv) 3,363 RSUs that will vest on September 1, 2018, (v) 9,929 RSUs that will vest in full on December 1, 2018, and (vi) 21,118 RSUs that will vest in full on August 3, 2019.