SEC Form 4 · accession 0001209191-18-013472
EXPRO GROUP HOLDINGS N.V. · XPRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Burney J. Latiolais Jr.
Officer — President, TRS
Period of report
Feb 23, 2018
Accepted (ET)
Feb 26, 2018 · 5:29 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 | Feb 23, 2018 | M | 5,454 | — | A | 43,537 | D | |
| Common stock, par value Euro 0.01 per shareF2 | Feb 23, 2018 | F | 2,327 | $6.18 | D | 41,210 | D | |
| Common stock, par value Euro 0.01 per shareF1 | Feb 23, 2018 | M | 6,733 | — | A | 47,943 | D | |
| Common stock, par value Euro 0.01 per shareF2 | Feb 23, 2018 | F | 2,465 | $6.18 | D | 45,478 | 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 UnitF1,F3 | — | Feb 23, 2018 | M | 5,454 | D | — | — | Common Stock | 5,454 | 76,811 | D |
| Restricted Stock UnitF5,F1,F4 | — | Feb 23, 2018 | M | 6,733 | D | — | — | Common Stock | 6,733 | 70,078 | 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 February 22, 2018. 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 23, 2015, the reporting person was granted 16,361 RSUs vesting ratably in three annual installments beginning on February 23, 2016.
- F4On May 11, 2016, the reporting person was granted 20,200 RSUs vesting ratably in three annual installments beginning on February 23, 2017.
- F5Consists of (i) 32,750 RSUs that will vest ratably in three annual installments beginning on February 19, 2019, (ii) 10,718 RSUs that will vest 50% on February 20, 2019 and 50% on February 20, 2020, (iii) 6,734 RSUs that will vest on February 23, 2019, and (iv) 19,876 RSUs that will vest on August 3, 2019.