SEC Form 4 · accession 0001209191-18-052276
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
Sep 26, 2018
Accepted (ET)
Sep 26, 2018 · 4:04 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 26, 2018 | M | 55,591 | — | A | 115,953 | D | |
| Common stock, par value Euro 0.01 per shareF2 | Sep 26, 2018 | F | 21,876 | $8.65 | D | 94,077 | 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 26, 2018 | M | 55,591 | D | — | — | Common Stock | 55,591 | 197,782 | 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 September 25, 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 September 26, 2017, the reporting person was granted 166,773 RSUs vesting ratably in three annual installments beginning on September 26, 2018.
- F4Consists of 86,600 RSUs that will vest ratably in three annual installments beginning on February 19, 2019 and 111,182 RSUs that will vest 50% on September 26, 2019 and 50% on September 26, 2020.