SEC Form 4 · accession 0000899243-18-008975
C&J Energy Services, Inc. · CJ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark C. Cashiola
Officer — See Remarks
Period of report
Mar 28, 2018
Accepted (ET)
Mar 30, 2018 · 3:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001615817
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 28, 2018 | M | 7,755 | — | A | 57,349 | D | |
| Common Stock | Mar 28, 2018 | F | 17,364 | $25.04 | D | 39,985 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF1 | — | Mar 28, 2018 | M | 7,755 | D | — | — | Common Stock | 7,755 | 0 | D |
Explanation of responses
- F1Each Performance Share represented a contingent right to receive a share of the Issuer's common stock, contingent on the achievement of certain levels of total shareholder returns (TSR) relative to a peer group established by the Compensation Committee of the Board of Directors, subject to the Reporting Person's continued employment with or provision of services to the Issuer or its affiliates through the third anniversary of the date of grant. The vesting of these Performance Shares was accelerated at the target level in connection with the Reporting Person's termination of employment with the Issuer.
- F2Represents shares that were withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person that arose upon the accelerated vesting of certain (i) restricted stock and (ii) performance shares in connection with the Reporting Person's termination of employment with the Issuer.
Remarks
Mr. Cashiola resigned from his position as Chief Financial Officer of the Issuer effective as of March 20, 2018.