SEC Form 4 · accession 0000071829-16-000086
NPK International Inc. · NPKI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce Campbell Smith
Officer — Exec Vice President &
Period of report
May 19, 2016
Accepted (ET)
May 20, 2016 · 6:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000071829
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1 | $4.32 | May 19, 2016 | A | 90,000 | A | — | May 19, 2026 | Common Stock | 90,000 | 90,000 | D |
| Performance SharesF2 | $0.00 | May 19, 2016 | A | 51,268 | A | — | — | Common Stock | 51,268 | 128,192 | D |
| Restricted Stock UnitsF3 | $0.00 | May 19, 2016 | A | 81,847 | A | — | — | Common Stock | 81,847 | 126,467 | D |
Explanation of responses
- F1The options become exercisable in increments of one-third of the shares on June 1 of each year.
- F2Performance restricted stock units which will vest in three years upon the Company's achievement of certain levels of total shareholder return (TSR) relative to a pre-determined industry peer group. The total in Column 5 is equal to the maximum number of shares that may be earned under this award.
- F3The restricted stock units vest in increments of one-third of the shares on June 1 of each year.