SEC Form 4 · accession 0000071829-17-000024
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
Apr 5, 2017
Accepted (ET)
Apr 6, 2017 · 4:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000071829
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 5, 2017 | M | 7,932 | $3.31 | A | 243,716 | D | |
| Common StockF1,F2 | Apr 5, 2017 | S | 7,932 | $8.0875 | D | 235,784 | D | |
| Common Stock | Apr 5, 2017 | M | 1,500 | $7.82 | A | 237,284 | D | |
| Common StockF1,F2 | Apr 5, 2017 | S | 1,500 | $8.0875 | D | 235,784 | D | |
| Common StockF1,F2 | Apr 5, 2017 | S | 10,850 | $8.0875 | D | 224,934 | D |
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)F3 | $3.31 | Apr 5, 2017 | M | 7,932 | D | — | Jun 10, 2019 | Common Stock | 7,932 | 0 | D |
| Non-Qualified Stock Option (right to buy)F4 | $7.82 | Apr 5, 2017 | M | 1,500 | D | — | Jun 11, 2017 | Common Stock | 1,500 | 48,500 | D |
Explanation of responses
- F1The securities were sold pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person.
- F2The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.25, inclusive.
- F3The options become exercisable in four annual installments beginning on the first anniversary of the date of grant.
- F4The options become exercisable in increments of one-third of the shares on June 1 of each year.