SEC Form 4 · accession 0001209191-18-000219
EXPRO GROUP HOLDINGS N.V. · XPRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael C Kearney
Officer — Chairman, President and CEO · Director
Period of report
Jan 2, 2018
Accepted (ET)
Jan 2, 2018 · 4:33 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 | Jan 2, 2018 | M | 3,215 | — | A | 48,111 | D | |
| Common stock, par value Euro 0.01 per shareF2 | Jan 2, 2018 | F | 1,520 | $6.65 | D | 46,591 | 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 | — | Jan 2, 2018 | M | 3,215 | D | — | — | Common Stock | 3,215 | 184,977 | D |
Explanation of responses
- F1Restricted stock units ("RSUs") convert into common stock on a one-for-one basis as annual compensation to the former Non-Executive Chairman of the Board of Supervisory Directors.
- 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 December 29, 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 February 20, 2017, the reporting person was granted 3,215 RSUs, which vested in full on January 2, 2018.
- F4Consists of 18,204 RSUs that will vest in full on May 1, 2018 and 166,773 RSUs that will vest ratably in three equal annual installments beginning on September 26, 2018.