SEC Form 4 · accession 0000071829-17-000026
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 10, 2017
Accepted (ET)
Apr 11, 2017 · 3:55 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 10, 2017 | M | 35,522 | $7.82 | A | 260,456 | D | |
| Common StockF1 | Apr 10, 2017 | S | 35,522 | $8.25 | 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)F2 | $7.82 | Apr 10, 2017 | M | 35,522 | D | — | Jun 11, 2017 | Common Stock | 35,522 | 12,978 | D |
Explanation of responses
- F1The securities were sold pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person in order to exercise an option grant which is expiring on June 11, 2017.
- F2The options become exercisable in increments of one-third of the shares on June 1 of each year.