SEC Form 4 · accession 0000071829-17-000041
NPK International Inc. · NPKI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul L Howes
Officer — President and CEO · Director
Period of report
May 15, 2017
Accepted (ET)
May 17, 2017 · 9:49 am 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 StockF1,F2 | May 15, 2017 | S | 61,140 | $7.9377 | D | 502,625 | D | |
| Common Stock | May 15, 2017 | M | 47,909 | $7.82 | A | 550,534 | D | |
| Common StockF3,F4 | May 15, 2017 | S | 47,909 | $8.0107 | D | 502,625 | D | |
| Common Stock | May 16, 2017 | M | 32,091 | $7.82 | A | 534,716 | D | |
| Common StockF3,F5 | May 16, 2017 | S | 32,091 | $7.9035 | D | 502,625 | D | |
| Common Stock | holding | — | — | — | 25,000 | I | by Trust |
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)F6 | $7.82 | May 15, 2017 | M | 47,909 | D | — | Jun 11, 2017 | Common Stock | 47,909 | 32,091 | D |
| Non-Qualified Stock Option (right to buy)F6 | $7.82 | May 16, 2017 | M | 32,091 | D | — | Jun 11, 2017 | Common Stock | 0 | 0 | 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 $7.85 to $8.15, inclusive.
- F3The 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.
- F4The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.90 to $8.15, inclusive.
- F5The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.90 to $7.905, inclusive.
- F6The options become exercisable in increments of one-third of the shares each year.