SEC Form 4 · accession 0001680247-17-000035
ProPetro Holding Corp. · PUMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dale Jackie Redman
Officer — CEO · Director
Period of report
Jun 5, 2017
Accepted (ET)
Jun 6, 2017 · 5:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001680247
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 5, 2017 | A | 72,569 | $0.00 | A | 612,774 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF2 | — | Jun 5, 2017 | A | 72,569 | A | — | — | Common Stock | 72,569 | 72,569 | D |
Explanation of responses
- F1Represents restricted stock units which will vest in three substantially equal annual installments commencing on June 5, 2018.
- F2Each performance stock unit represents a contingent right to receive up to two shares of common stock. Amount indicated reflects the target number of performance stock units awarded pursuant to the 2017 Incentive Award Plan. Following the completion of the performance period on December 31, 2019, the reporting person will receive the pro rata portion of the target award that corresponds with the company's attainment of total shareholder return relative to the company's peer group.