SEC Form 4 · accession 0001615817-18-000046
C&J Energy Services, Inc. · CJ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tim Wallace
Officer — President - Strategic Planning
Period of report
Dec 11, 2018
Accepted (ET)
Dec 13, 2018 · 7:31 pm EST
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 | Dec 13, 2018 | D | 4,831 | $14.94 | D | 18,529 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF2 | — | Dec 11, 2018 | A | 21,221 | A | — | — | Common Stock | 21,221 | 44,966 | D |
| Performance SharesF3 | — | Dec 11, 2018 | A | 16,977 | A | — | — | Common Stock | — | 61,943 | D |
Explanation of responses
- F1Represents a reduction of a restricted stock award that was settled in cash on the vesting date rather than in stock, as determined by the Compensation Committee of the Board of Directors.
- F2Represents the grant of a restricted share unit award subject to a three year ratable vesting starting on the first anniversary of the grant date, subject to the grantee's continued employment with or provision of services to the issuer or its affiliates through each vesting date, as well as certain treatment upon the occurrence of certain termination events; the restricted share units may be settled in stock (default) and/or cash at each vesting as determined in the sole discretion of the Compensation Committee of the Board of Directors.
- F3Represents the grant of a performance share award scheduled to vest on the third anniversary of the grant date, subject to the grantee's continued employment with or provision of services to the issuer or its affiliates through the third anniversary of the date of grant and 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, as well as certain treatment upon the occurrence of certain termination events.