SEC Form 4 · accession 0001635881-15-000040
Exterran Corp · EXTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel K Schlanger
Officer — Senior Vice President
Period of report
Nov 3, 2015
Accepted (ET)
Nov 5, 2015 · 8:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001635881
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 3, 2015 | A | 47,025 | $0.00 | A | 47,025 | D | |
| Common Stock | Nov 4, 2015 | A | 39,037 | $0.00 | A | 86,062 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F4 | $59.40 | Nov 3, 2015 | A | 3,600 | A | — | Jun 12, 2017 | Common Stock | 3,600 | 3,600 | D |
| Stock Option (Right to Buy)F4 | $17.96 | Nov 3, 2015 | A | 8,505 | A | — | Feb 28, 2017 | Common Stock | 8,505 | 8,505 | D |
| Stock Option (Right to Buy)F4 | $18.01 | Nov 3, 2015 | A | 15,480 | A | — | Mar 4, 2018 | Common Stock | 15,480 | 15,480 | D |
| Stock Option (Right to Buy)F4 | $11.33 | Nov 3, 2015 | A | 22,522 | A | — | Mar 4, 2019 | Common Stock | 22,522 | 22,522 | D |
| Stock Option (Right to Buy)F5 | $19.76 | Nov 3, 2015 | A | 14,970 | A | — | Mar 4, 2020 | Common Stock | 14,970 | 14,970 | D |
| Stock Option (Right to Buy)F6 | $32.50 | Nov 3, 2015 | A | 9,615 | A | — | Mar 4, 2021 | Common Stock | 9,615 | 9,615 | D |
Explanation of responses
- F1Acquired in connection with the spin-off of the Issuer from Exterran Holdings, Inc. (renamed Archrock, Inc.) ("Archrock") on November 3, 2015, a portion of which is restricted and continues to be subject to the original vesting requirements applicable to the Reporting Person's Archrock restricted stock, as described in the Reporting Person's Form 4 filings with respect to ownership of securities of Archrock.
- F2This award represents a restricted stock grant under the 2015 Exterran Corporation Stock Incentive Plan that will fully vest on 11/3/2016, subject to continued employment through the date of vesting.
- F3Represents options acquired in connection with the spin-off of the Issuer from Archrock on November 3, 2015.
- F4This option is fully exercisable.
- F5Two-thirds of this option is currently exercisable. The remaining one-third becomes exercisable on March 4, 2016.
- F6One-third of this option is currently exercisable. The remaining two-thirds becomes exercisable on March 4, 2016 and March 4, 2017.