SEC Form 4 · accession 0001635881-16-000088
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
Mar 31, 2016
Accepted (ET)
Apr 4, 2016 · 3:35 pm EDT
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 | Mar 31, 2016 | F | 15,246 | $15.46 | D | 67,596 | D | |
| Common Stock | Mar 31, 2016 | D | 8,464 | $0.00 | D | 59,132 | 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)F3 | $32.51 | holding | — | — | — | — | Mar 4, 2021 | Common Stock | 9,615 | 9,615 | D |
Explanation of responses
- F1Pursuant to the terms of the Severance Benefit Agreement between the Reporting Person and Exterran Corporation, vesting was accelerated for those restricted shares scheduled to vest within 12 months following the Reporting Person's March 31, 2016 separation from Exterran. The shares were awarded under the Exterran Holdings, Inc. 2013 Stock Incentive Plan and 2015 Stock Incentive Plann. Issuer withheld the maximum allowable shares to satisfy the tax withholding obligations associated with the vesting of shares.
- F2A forfeiture of restricted stock that results from termination of the Reporting Person's separation from Exterran.
- F3Pursuant to the term of the Severance Benefit Agreement between the Reporting Person and Exterran Corporation, vesting accelerated for those restricted options scheduled to vest within 12 months following the Reporting Person's March 31, 2016 separation from Exterran.